Neon $NEON

Neon is a novel and emerging cryptocurrency project that has been making waves in the crypto space. Centered around the Neon Ethereum Virtual Machine (EVM), this project is set on a mission to bridge the gap between Ethereum and Solana, two of the fastest-growing blockchain networks in the industry. By providing an infrastructure that allows Ethereum-based applications to run seamlessly on Solana without any need for codebase alterations, Neon is tipped to revolutionize the interoperability between these two blockchains.

What is Neon EVM?

The cornerstone of the Neon project is the Neon EVM. This is a smart contract operating on the Solana blockchain that enables Ethereum-based applications access to Solana's scalability and liquidity with no requirements for codebase changes. A testament to Solana's rapidly growing prominence, the performance of Neon EVMs has undergone extensive testing across a wide range of use cases. The platform now possesses the capabilities and infrastructure to support production-level development.

Projects Building on Neon

Several notable Ethereum-based projects, including Curve and Sobal, have started building on Neon. The project has a robust pipeline with over 200 projects slated for launch immediately following the release of mainnet. The list spans various domains, including blue-chip DeFi protocols, wallets, bridges, fiat on/off ramps, infrastructure, DAO tooling, and more. The initial focus remains on providing the necessary infrastructure and technical dependencies for a broad array of use cases to extend from EVM chains to Solana.

Future Plans for Neon

Beyond launching its mainnet, Neon plans to enhance interoperability with Solana smart contracts, achieve a full ecosystem compatibility, and integrate major Ethereum tools and services. It also aims to provide EVM support for Saga and put in place an early grants program. By deploying on Neon EVM, new users will be drawn to Aave due to the reduced costs compared to Ethereum and the opportunity to tap into Solana's liquidity and the broader ecosystem.

Benefits for Developers

Neon EVM offers numerous benefits for developers. It serves as an Ethereum Virtual Machine (EVM) embedded into a Solana smart contract, allowing Ethereum developers to tap into Solana and access its native ecosystem without the need to alter their codebases. This platform facilitates the usage of Ethereum tools by dApp developers, enabling