NEON is up 322% in the past 24 Hours.
What is Neon?
Neon Labs is the key developing company for Neon EVM. Neon EVM is an Ethereum Virtual Machine operating as a program on #Solana.
neonevm.org is the main website of the project. Unlike other bridges or Ethereum Layer 2s, Neon allows deploying ready-made Solidity smart contracts on Solana without rewriting them in Rust.
In turn, contracts written in EVM can communicate with Solana programs, and Solana wallets such as Phantom can connect to those dApps.
What makes the platform valuable?
• Ethereum developers gain Solana’s fast transactions, parallel execution, and cheap fees while staying on the EVM framework.
• Reach to Solana users and liquidity without rewriting everything.
• Composability: Solidity smart contracts can call Solana programs (for example, DEXs such as Raydium) and transfer tokens across both platforms.
• Fees are paid in NEON.
• The token also serves as governance tokens for the Neon DAO. Network fees are shared with Solana validators and treasury.
To sum up: it’s a “fast track to Solana” for EVM dapps - same codebase and Solana performance/market.
$SOL #SOL #NEON
What is Neon?
Neon Labs is the key developing company for Neon EVM. Neon EVM is an Ethereum Virtual Machine operating as a program on #Solana.
neonevm.org is the main website of the project. Unlike other bridges or Ethereum Layer 2s, Neon allows deploying ready-made Solidity smart contracts on Solana without rewriting them in Rust.
In turn, contracts written in EVM can communicate with Solana programs, and Solana wallets such as Phantom can connect to those dApps.
What makes the platform valuable?
• Ethereum developers gain Solana’s fast transactions, parallel execution, and cheap fees while staying on the EVM framework.
• Reach to Solana users and liquidity without rewriting everything.
• Composability: Solidity smart contracts can call Solana programs (for example, DEXs such as Raydium) and transfer tokens across both platforms.
• Fees are paid in NEON.
• The token also serves as governance tokens for the Neon DAO. Network fees are shared with Solana validators and treasury.
To sum up: it’s a “fast track to Solana” for EVM dapps - same codebase and Solana performance/market.
$SOL #SOL #NEON
