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Jinse Finance reported that Solana co-founder toly posted on X, stating, "All existing Layer 2 networks (L2) are equipped with permissioned multi-signature mechanisms, which can override cross-chain bridge contracts without prior notice. The 'escape hatch' (referring to the emergency withdrawal mechanism for cross-chain assets in extreme situations) is not a property of Layer 2 networks, but rather a property of cross-chain bridges. Currently, there are no engineering or technical barriers preventing the construction of cross-chain bridges on the Solana blockchain targeting the Ethereum Layer 1 (L1) network. In other words, it is possible to make Ethereum L1 serve as Solana's 'Layer 2 network,' while providing complete withdrawal guarantees for cross-chain assets. Achieving this does not require any modifications to Ethereum, and as the difficulty of implementing zero-knowledge proving (Zk proving) technology on Ethereum L1 decreases, the difficulty of building such cross-chain bridges will also decrease."

According to Jinse Finance, Lookonchain monitoring shows that WLFI advisor Ogle purchased 4.87 million VALOR with $10,000 and added them to the Meteora (VALOR-USD1) liquidity pool.