Lumio plans to launch a Layer 2 solution on Solana that will eventually support "parallel EVM"
On July 23rd, according to Accesswire, Lumio announced the launch of its multi-virtual machine high-performance Layer 2 solution on Solana's public development network. This launch marks an important milestone for Lumio in the field of blockchain scaling, allowing developers to develop on any chain using any virtual machine. The solution is designed to address scalability challenges with faster transactions and lower latency, especially during periods of network congestion. This is the second implementation of Lumio Chain Collective after Optimism.