Neon EVM: Ethereum virtual machine based on Solana blockchain. Crypto News. Neon Labs
Neon EVM is an Ethereum virtual machine built on the Solana blockchain. It allows dApp developers to use Ethereum tools to scale and access liquidity on Solana. It is essentially a protocol that makes it possible to execute transactions on Solana, just like on Ethereum. With Neon EVM, dApps creators can offer users reduced fees, faster transactions, and high throughput. At the same time, the structure of Neon EVM is a Solana smart contract. All this literally means that with Neon EVM, any Ethereum application can be run on Solana to leverage the high scalability and liquidity of the network. Neon Labs.
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