TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Ethereum competitor Solana introduces new compiler to attract developers from ETH ecosystem

  • Solana labs introduced a new compiler Solang that aids Ethereum ecosystem’s developers in transitioning to the SOL ecosystem. 
  • The Ethereum competitor has unveiled a tool that assists developers familiar with ETH smart contract development to get started on Solana. 
  • Solana price is $27.88 on Binance at the time of writing, the new development could catalyze SOL price recovery.
Ethereum competitor Solana introduces new compiler to attract developers from ETH ecosystem
Ekta MouryaEkta MouryaFXStreet

Solana labs announced the launch of its new compiler, Solang. The developers behind the project are keen on attracting developers from the Ethereum ecosystem. The introduction of Solang could catalyze SOL price recovery.

Also read: Pro-XRP attorney John Deaton says SEC vs. Ripple ruling unlikely to be overturned

Solana Labs unveils Solang to attract ETH developers

Developers of the Ethereum alternative blockchain Solana are keen on attracting developers from the ETH ecosystem. Solana labs introduced a new compiler, Solang, that makes it easier for Ethereum Virtual Machine (EVM) developers familiar with smart contract development in Solidity, to get onboarded to the new blockchain.

The new tool enables developers to delve into and write applications on the Solana blockchain. Solana’s release is a response to the rising competition between protocols like Neon EVM that introduced a similar tool to enhance compatibility between Solana and Ethereum ecosystems.

Solang is compatible with Solidity version 0.8 and grants the EVM framework access to the network’s core features. Initially Solana Labs development was centered around Rust or C for scripting smart contracts. 

Solana price is $27.88 at the time of writing, on Binance. The launch of Solang is expected to act as a bullish catalyst for SOL price recovery in the long term.

Like this article? Help us with some feedback by answering this survey:

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Editor's Picks

Top 3 Price Prediction: BTC gains strength as ETH and XRP selling eases

Top 3 Price Prediction: BTC gains strength as ETH and XRP selling eases

Top three cryptocurrencies, Bitcoin, Ethereum, and Ripple, are holding steady on Wednesday after a bullish close the previous day. The mild recovery hints at an extended rally as the prevailing bearish pressure eases. Bitcoin trades at $82,930 on Wednesday, holding a bullish near-term bias following a mild rebound the previous day.

Ethereum staking hits record, but yield and fee revenue fall

Ethereum staking hits record, but yield and fee revenue fall

Ethereum staking reached a record 43.8 million ETH in Q3 2026 amid a decline in annualized staking yields, according to crypto asset manager Bitwise. In its Q4 staking report on Tuesday, Bitwise stated that staked Ether accounted for 35.9% of the asset’s total supply by the end of the quarter. Net staking inflows reached 1.99 million ETH, marking the sixth straight quarter of growth.

Bitcoin resumes Nasdaq correlation as macro pressures threaten $82,500 support

Bitcoin resumes Nasdaq correlation as macro pressures threaten $82,500 support

Bitcoin's correlation with the Nasdaq is rising again after last week's decline alongside tech stocks, even as macro pressures place the $82,500 support at risk. In a report on Tuesday, K33 Research highlighted that Bitcoin has resumed its correlation with the tech-heavy Nasdaq after last week's price movements.

Bitcoin resumes Nasdaq correlation as macro pressures threaten $82,500 support

Bitcoin resumes Nasdaq correlation as macro pressures threaten $82,500 support

Bitcoin's (BTC) correlation with the Nasdaq is rising again after last week's decline alongside tech stocks, even as macro pressures place the $82,500 support at risk. In a report on Tuesday, K33 Research highlighted that Bitcoin has resumed its correlation with the tech-heavy Nasdaq after last week's price movements.
Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.