2024-01-11
Throughput: 2,000 TPS
Average gas fees: $0.001 per
transaction
Neon EVM is a platform that enables
Ethereum dApps and smart contracts to run on Solana blockchain. It launched on
July 17, 2023.
On paper Neon EVM can process 2,000
transactions per second. Its average gas fee is $0.001 per transaction.
Whereas, Solana average gas fee is $0.00025.
Neon EVM uses Solana’s functionality
called parallel execution of transaction where transactions get executed on
parallel instead of sequential.
Neon EVM developers said that Neon EVM
is interoperable with Solana. It uses
Solana blockchain as the settlement layer.
Solana allows 10 megabytes of space for
NEOM EVM executable data. It’s enough to store EVM on Solana.
Neon EVM allows users to pay gas fees with other tokens besides NEON such as SOL, USDT, and USDC.
NEON Token Distribution
NEON tokens have max supply of 1
billion NEON. All 1 billion NEON were generated at mint. The token uses for
governance and paying for gas fees.
Neon EVM supports MetaMask cryptocurrency wallet. It currently has $1.75 million total value locked.
Neon EVM is not a layer 2 but it is an
EVM smart contracts exist inside Solana blockchain. It enables Ethereum
dApps and smart contracts to be deployed on Solana.
