If you've ever wondered, “Is Solana on Ethereum?” — you're not alone.
While these are distinct blockchains, the user experience shouldn’t require juggling multiple wallets, bridging assets, or navigating complex interfaces. Recognizing this, MC² Finance has integrated the Swig SDK, developed by Anagram, to simplify your cross-chain interactions.
This article answers key questions like:
q/ Can I trade Solana assets using my Ethereum wallet? → Yes.
q/ Can I avoid switching between multiple wallets? → Yes.
q/ Can cross-chain trading actually be easy now? → Yes.
No, Solana and Ethereum are two entirely different blockchains (or distributed ledger technologies). They don’t run on the same system (Solana used a Proof of History + Proof of Stake hybrid consensus [now shifting to Votor and Rotor], while Ethereum uses Proof of Stake with EVM compatibility). Both also don’t share the same wallets (Solana wallets [like Phantom] are built around the Solana Program Library, while Ethereum wallets [like MetaMask] use the EVM and manage assets via ERC-20/ERC-721 standards). They even use different programming languages and gas fee structures (Solana uses Rust or C for smart contracts with predictable, low fees; Ethereum uses Solidity with higher, variable gas fees depending on network congestion).
But most users don’t actually care about the tech behind the chains. They care about being able to act quickly when they see an opportunity.
“User experience is severely undervalued in crypto. I believe that having a singular shared state with low latency, high throughput and cheap fees is the only way to scale and have the best user experience to onboard non-crypto native users.” u/ragemeowjinn
Say you find a token on Solana that’s trending. If you’re holding ETH, your next steps would normally include installing a new wallet like Phantom, learning how to bridge assets, sending tokens across chains, and making sure you have SOL for gas. That’s multiple steps, and most people drop off halfway.
"We face some issues specific to multi-chain environments, for which we don’t yet have satisfying answers... it is unclear why they have multiple addresses; that it creates irritation why users have to buy multiple gas (parachain) tokens to use the ecosystem.” u/alice_und_bob
It’s like needing to open a new bank account in a different country just to buy a coffee while on vacation. No one wants that. This is where most asked questions like “Is Solana built on Ethereum?”, “What chain is Solana on?”, or “Should I hold Solana or Ethereum?” really stem from.
Here's what you'd have to do just to interact with a token on Solana, while holding assets on Ethereum, before innovations like Swig SDK + MC² Finance:
1. Download and set up a Solana wallet like Phantom (even if you already had MetaMask).
2. Use a bridge to move your ETH or USDC from Ethereum to Solana, hoping it didn’t break mid-way.
3. Get some SOL (even a tiny amount) just to pay for gas on Solana.
4. Manually approve multiple transactions across two chains.
5. And worst of all: understand how all of this works, or risk losing your funds.
That’s a huge barrier just to buy a token, mint an NFT, or test a dApp.
This is where most people give up.
🔍 In e-commerce, similar user flow disruptions result in abandonment rates as high as 70%, suggesting analogous patterns in DeFi platforms.
For example, during recent surges in memecoin trading on Solana (like $TRUMP), many Ethereum-native users missed the opportunity, not because they weren’t interested, but because they didn’t have time to set up the infrastructure to participate.
“Ethereum missed the meme coin boom, which drove massive adoption elsewhere.” Aram Mughalyan
Opportunities were lost to UX bottlenecks, not market disinterest.
Many platforms have attempted to connect Ethereum and Solana, but most have either failed or introduced more complexity than they resolved.
Here's why:
Bridges, wrapped tokens, multiple wallets, gas on both chains… the process often felt like assembling IKEA furniture without a manual. Every new tool added another step, or another point of failure.
“The bridge stuff seems like an extra layer of complexity for busy noobs like me.” u/riokid180
Most solutions required you to install separate wallets for each chain (like MetaMask for Ethereum and Phantom for Solana). That meant re-authentication, learning new interfaces, and managing security across two apps. For most, that was one step too many.
“I bridged my ETH from ETH to Solana via Wormhole. The bridging experience is nice, however, the ETH that ended up in my wallet is wwETH (wormhole ETH). And there is NO market for this kind of ETH on Solana for me to use.” u/hoangnguyen0511
Even after bridging tokens, you still needed SOL to pay for gas on Solana, something Ethereum-native users rarely had. That small friction led to significant abandonment.
“Trying to bridge SOL from Ethereum using Wormhole I get stuck on the following step - After connecting my receiver Phantom wallet, I get the error ‘associated token account doesn't exist.’ But creating a token account also requires SOL! This is a weird catch-22 that makes it impossible to bridge SOL if you don't already have SOL.” u/Temporary_Opening498
Most cross-chain experiences still felt like using two platforms — even if you were on one dApp. You had to mentally switch networks, remember which tokens you bridged, and constantly check which wallet was connected.
“I did a swap from SOL to ETH and it says ‘submitting transaction.’ When I look at my wallet, I ended up having USDC instead of ETH.” u/ChewbaccaFan21
Bridges became the biggest attack vector in crypto. In 2022 alone, over $1.4B was lost to bridge hacks. Many users (and developers) didn't want to touch cross-chain setups without ironclad safety.
“The attacker issued an invalid signature from a non-guardian. But these conditions match: incorrect matches incorrect. So the request is APPROVED and the ETH was stolen on the Solana network.” u/goldcakes
When you connect to MC² Finance using your Ethereum wallet, Google account, or even SMS, the Swig SDK automatically spins up a smart wallet for you on Solana (behind the scenes).
☝️This smart wallet is permanent temporary, session-based, and fully non-custodial; you control it, but you never need to manage it directly.
Next, Swig uses something called a session key (i.e., a short-lived permission key tied to your Ethereum identity), which gives that smart wallet the ability to sign Solana transactions on your behalf.
Zhang and fellow reseachers from Beijing Institute of Technology and Nanyang Technological University confirmed in 2023 through a formal protocol design and experimental evaluation study (including the use of zk-SNARKs and smart contract auditing), that such Delegated Gasless Auth with Session-Key Bridging (DGASB) is secure, unlinkable, and scalable.
You stay on Ethereum, but your actions are executed on Solana**.** But there’s one more hurdle: gas. Normally, to do anything on Solana, you’d need SOL, even just to cover a tiny fee. Swig solves this by spinning up a temporary paymaster (i.e., a smart contract that sponsors your gas fees for the session).
It can either:
Once your transaction is signed, routed, and executed, the session ends, and your temporary resources (aka wallet, key, paymaster) are cleaned up automatically.
The result?
You never had to install a Solana wallet. You never had to buy SOL. You didn’t even need to know which chain you were on. Just log in, tap, done.
That’s what “hiding the complexity” and “intent-based trading” really means.
Your Ethereum wallet (like MetaMask) is enough. Even better? You can log in using Google Auth or even SMS.
Previously: You had to install a second wallet (like Phantom) even if you already had MetaMask.
You can trade Solana-based tokens directly from Ethereum. The wallet under the hood is smart enough to handle the signing, verification, and routing.
Previously: You had to manually bridge ETH or USDC to Solana using third-party tools (often slow and risky).
Thanks to session keys and wallet abstraction, your Ethereum identity becomes cross-chain capable (i.e., no pop-ups, no switching chains, no error messages).
Previously: You had to switch networks, approve on two wallets, and know how Solana worked.
The paymaster system allows gasless transactions, where gas can be paid using stablecoins like USDC (or even sponsored by the app itself).
Previously: You needed SOL just to do anything on Solana, even if you had USDC ready.
Every interaction is still non-custodial. The user remains in control of their keys and permissions, which can be fine-tuned per session.
Previously: Using multiple wallets and bridges increased risk of error or losing control.
As Anagram put it: “… [as] crypto ecosystems continue to evolve, … a multi-chain user experience is essential.”
This frictionless foundation comes at the perfect moment with MC² Finance: Solana’s Ignition Week 2025 (running May 20 – June 30) is a proving ground for Web3 builders — pairing structured programs, top-tier mentors like Eugene Aseev and Clement Wong, and a Demo Day with investors from the Balaji Fund.
Want to see it in action? Try the MC² Finance App with the Swig SDK integration to best experience the Solana ecosystem across multiple chain, without the cross-wires.
Solana isn’t “on” another chain, it is its own blockchain. Unlike Layer 2s like Arbitrum (built on Ethereum), Solana operates independently with its own infrastructure (e.g., Turbine for data propagation, Gulf Stream for transaction forwarding, Sealevel for parallel execution, Archivers for storage), global network of “cluster validators” (i.e., computers that check and approve transactions to keep the network running smoothly), and PoH consensus mechanism (aka a cryptographic clock that records the order of events before they’re verified [now being replaced by Alpenglow).
As of 2025, Solana no longer relies on the original Proof of History (PoH) and TowerBFT combo. Instead, it’s transitioning to Alpenglow, a major protocol upgrade that replaces its consensus and networking layers with Votor and Rotor, respectively. PoH previously acted as a cryptographic clock, allowing validators to agree on transaction order without live coordination, but its two-step finality via TowerBFT added latency (~12.8 seconds). Votor now enables block finality in as little as 150 ms, by finalizing blocks in a single round if 80% of stake votes are received quickly (i.e., shaving off precious time for real-time apps like games and DeFi).
Meanwhile, Rotor replaces Turbine's rigid, leader-heavy relay tree with a stake-weighted, peer-to-peer content distribution model, significantly reducing bottlenecks (latency down from ~80 ms to ~18 ms) and ensuring fair bandwidth allocation across validators (relay load now proportional to stake, correcting uneven distribution under Turbine’s hardcoded paths).
Both assets serve different purposes, and which one to hold depends on your goals. Ethereum (ETH) is the most widely adopted Layer 1 for DeFi, NFTs, and dApps, with deep liquidity ($51.9 billion as of early 2025), long-term developer support (7,673 full-time developers and 23,613 monthly active developers in 2024), and emerging institutional adoption (approximately $11.9 billion in assets under management). Solana (SOL), on the other hand, is known for lightning-fast transactions and low fees, making it attractive for gaming, consumer apps, and high-frequency trading.
As of 2025, Solana has surged ahead in blockchain adoption (TVL jumping from $1.5B to over $9.5B in 2024 alone), fueled by major airdrops and upgrades (like Firedancer and Token Extensions) that boosted performance and developer appeal. It even surpassed Ethereum in new developer onboarding, attracting 7,625 devs vs. Ethereum’s 6,456 according to one report, thanks to its speed and low fees.
Now, with MC² Finance and Swig SDK, you no longer have to choose ecosystems. These tools enable one-wallet access to Solana and Ethereum DeFi, eliminating friction and letting you invest where you want (i.e., without any headache).
Christoph Richter, Co-founder and CTO of MC² Finance, is a seasoned tech visionary with over 20 years in software development. Known for bridging traditional finance with decentralized solutions, he has been instrumental in advancing the DeFi space through strategic thinking and a hands-on approach.
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