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The next-generation execution environment under development by Solana Labs to replace the original runtime with a more modular, formally specified, and performant architecture that cleanly separates the Solana Virtual Machine (SVM) from the core validator client. Runtime v2 is designed to enable the SVM to be embedded in non-validator contexts (e.g., rollups, SVM-compatible chains), improve program execution performance, and provide cleaner abstractions for program loaders. It underpins the broader SVM ecosystem strategy and the Agave validator client.