What is Neon?

Neon EVM is an Ethereum Virtual Machine integrated as a smart contract on the Solana blockchain, designed to support Ethereum-based applications without requiring code modifications. Currently in development on the devnet, it aims to enable scalability and liquidity access for these applications. Notable projects, including Curve and Sobal, are being developed on this platform, which anticipates supporting over 200 projects upon its mainnet launch.

The primary goal of Neon EVM is to create the necessary infrastructure for a variety of use cases on Solana, while also planning for interoperability with Solana's smart contracts and integration with Ethereum tools. The infrastructure will also include DAO tooling, bridges, wallets, and fiat on/off ramps to enhance compatibility and expand its ecosystem. Neon EVM seeks to reduce costs for users compared to Ethereum while leveraging the liquidity available in Solana's ecosystem.