Lumio Network has announced the deployment of its public multi-virtual machine (Multi-VM) testnet, marking a milestone in cross-ecosystem blockchain scaling. Supported by Pontem Network and $10.5 million in capital from Lightspeed Faction, Pantera Capital, and Mechanism Capital, Lumio provides a unified rollup environment capable of executing EVM, Solana SVM, and Move VM contracts simultaneously.
Fragmentation between virtual machines has long forced developers to choose between Ethereum's deep liquidity and Solana's execution speed. Lumio bridges this divide by deploying a modular Layer 2 that settles to Ethereum while utilizing parallel execution runtimes. Developers can deploy high-speed Solana Rust contracts or Move code without losing composability with standard EVM smart contracts.
Users can now bridge testnet assets, interact with cross-VM decentralized exchanges, and deploy experimental dApps. Lumio has established a comprehensive points leaderboard rewarding early testnet explorers, liquidity providers, and bridge operators ahead of its anticipated mainnet release.
