Lumio plans to launch a Layer 2 solution on Solana that ultimately supports "parallel EVM".

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 scalability, allowing developers to build on any chain using any virtual machine. The solution aims to address scalability challenges with faster transactions and lower latency, especially during network congestion. This is Lumio Chain Collective's second implementation following Optimism.