Blockchain developer Neon Labs has launched “Neon EVM,” a computing environment that allows developers to write Ethereum applications on top of Solana, The Block reported.
Neon’s implementation is a smart contract built on top of Solana that allows developers to deploy Ethereum Virtual Machine (EVM) code that has not been possible on the network until now. Neon Labs has announced the completion of the tooling needed for Ethereum developers to move their projects to Solana, a move it says could reduce the operating costs of their applications.
The Neon Labs team said it believes its EVM solution will integrate effectively with Solana’s high-throughput capabilities to host Ethereum applications, and is currently conducting extensive testing in this regard. In addition to providing access to the Solana network, the Neon EVM hopes to enable Ethereum applications to take advantage of Solana’s native capabilities, including parallel execution of transactions.
