Unlock 10,000x Savings With Neon EVM on Solana Mainnet

• Neon EVM launched on the Solana Mainnet to bridge the gap between Ethereum and Solana.
• The average transaction fee for sending ETH on Ethereum network is ~$2 whereas it is ~$0.0002 per transaction on Solana, 10,000 times cheaper.
• Neon DAO was activated to participate in and influence the future development of Neon EVM.

Neon EVM Launches on Solana Mainnet

[PARIS] – July 17, 2023 – During ETHCC23, Neon EVM launched on the Solana Mainnet to help close the gap between the different programming, computing, and memory models of Ethereum and Solana, bringing a low-friction solution to allow EVM dApps to settle to Solana. The Neon EVM program is a smart contract on the Solana blockchain. It accepts wrapped Ethereum-like transactions and processes them on Solana.

Average Transaction Fee

Previously, when EVM dApps wanted to leverage low-cost solutions, they had to use a rollup or sidechain. By using Solana as the settlement layer, an EVM is well-placed to outcompete such L2 solutions. The average transaction fee for sending ETH on the Ethereum network is ~$2. The L2s offer between $0.5–$0.1 , a saving of 4–20 times. In comparison, Solana’s average transaction fees are ~0.00001 SOL ($0.0002) per transaction, 10,000 times saving . Initial tests of Neon EVM in Devnet demonstrate that the protocol translates these optimizations in practice .

Launch Excitement

„We are very excited to see Neon EVM live on Solana Mainnet,“ says Marina Guryeva , Director of Neon Foundation . „Once we repeat these tests in production , we will present the figures based on real-world data.“ With the launch of Neon EVM on the Solana Mainnet , the Neon DAO is activated to begin participating in , and influencing the future development of , Neon EVM .

About NeonEVM

NeonEVM is an Ethereum Virtual Machine operating as a smart contract on Solana . It gives developers power directly deploy Ethereum dApps with minimal reconfiguration code while benefiting from technical advantages provided bySolana . It built with security , decentralization , and sustainability as core tenants . For more information about updates visit official website or connect with community Twitter or Discord .

Links & Resources

Find community Twitter or Discord To choose public RPC endpoint see ChainList High level overview features whitepaper available at official website View transactions settled explorers like Neonscan or BlockScout Epic Layer 2 Day event researchers developers etc