Neon (NEON)
Neon EVM is a Ethereum Virtual Machine (EVM) implementation on the Solana blockchain. Currently available on the devnet, Neon EVM enables Ethereum-based applications to leverage Solana's scalability and liquidity without necessitating any alterations to their existing codebases. By integrating Neon EVM as a smart contract on Solana, developers gain the capability to utilize the robust infrastructure and performance of Solana while maintaining compatibility with Ethereum tools and services.
History of Neon EVM
The inception of Neon EVM arises from the need to bridge the gap between Ethereum and Solana, two prominent blockchain platforms with distinct features. Ethereum is known for its established ecosystem and wide range of applications, whereas Solana is reputed for its high throughput and low transaction costs. Neon EVM addresses the challenge of interoperability by allowing Ethereum developers to deploy their applications on Solana, thereby tapping into its scalability and liquidity advantages.
| Ticker | NEON |
| Category | Smart Contract Platform |
| Website | https://neonevm.org/ |
| @Neon_EVM | |
| Telegram | NeonEvmCommunity |
| Contract Addresses | |
|---|---|
| solana | Ne...44 Copied! |
How Neon EVM works
Integration with Solana
Neon EVM is implemented as a smart contract on the Solana blockchain. This integration allows Ethereum-based applications to operate seamlessly within the Solana environment. By doing so, these applications can benefit from Solana's fast transaction processing and cost-effective network without requiring modifications to the original Ethereum codebase.
Compatibility with Ethereum tools
Developers using Neon EVM can employ the majority of existing Ethereum development tools, which eases the transition and integration process. This compatibility ensures that developers can continue using familiar tools and environments, thus fostering the adoption and deployment of Ethereum applications on Solana.
Use cases and applications
Neon EVM has undergone rigorous testing through various use cases, demonstrating its readiness for production-level development. Notable Ethereum-based projects, such as Curve and Sobal (a Balancer-friendly fork), have begun building on Neon. Additionally, the platform has over 200 projects in its pipeline, including blue-chip DeFi protocols, wallets, bridges, fiat on/off ramps, infrastructure solutions, and DAO tooling, all committed to launching shortly after the mainnet release.
Future plans for Neon EVM
The development roadmap for Neon EVM includes ambitious goals aimed at enhancing its functionality and interoperability. Key areas of focus include:
Interoperability with Solana smart contracts
Neon EVM plans to develop full interoperability with Solana smart contracts, ensuring seamless integration and interaction between Ethereum and Solana ecosystems.
Ecosystem compatibility
Efforts are underway to achieve comprehensive ecosystem compatibility, allowing Neon EVM to integrate with additional major Ethereum tools and services. This will enable developers to take full advantage of both Ethereum and Solana ecosystems.
EVM support for Saga
The platform aims to provide EVM support for Saga, enhancing its versatility and reach. This support will further expand the use cases and applications that can be developed on Neon EVM.
Early grants program
To incentivize development and innovation, Neon EVM intends to launch an early grants program. This initiative will support developers in creating novel applications and solutions on the platform.