| Stat | Value |
|---|---|
| Ticker | NEON |
| Price | $0.03 |
| Market Cap | $7.46M |
| 24h Change | +3.5% |
| Circulating Supply | 239.47M NEON |
| Max Supply | 1.00B NEON |
| All-Time High | $3.91 |
| Contract (Solana) | NeonTj...ut44 |
What Is Neon EVM?
Neon EVM is an Ethereum Virtual Machine implemented as a Solana program (smart contract). It enables Ethereum developers to deploy their existing Solidity and Vyper contracts on Solana without rewriting code, while benefiting from Solana’s fast block times (~400ms) and low transaction fees (fractions of a cent).
Why Neon Exists
Ethereum developers face trade-offs: Ethereum mainnet offers security and ecosystem depth but suffers from high gas fees and slow finality. Solana offers speed and low cost but requires a completely different programming model (Rust, Anchor). Neon EVM bridges this gap by translating EVM bytecode execution into Solana instructions.
How It Works
When a user submits an Ethereum-signed transaction to Neon EVM:
- A “Neon Proxy” operator receives the transaction and wraps it into a Solana instruction
- The Neon EVM program (deployed on Solana) executes the EVM bytecode within Solana’s runtime
- Results are posted back to the Solana state, and receipts are returned in Ethereum format
This allows users to use MetaMask and any standard Ethereum tooling while transactions actually settle on Solana.
NEON Token
- Gas fees: NEON is used to pay for transaction execution within the Neon EVM environment
- Governance: NEON holders can vote on Neon DAO proposals covering protocol parameters and treasury use
- Staking/rewards: Neon Proxy operators stake NEON to participate in transaction processing and earn fees
Developer Experience
Neon EVM supports the full Ethereum developer toolchain: Hardhat, Truffle, Remix, Foundry, ethers.js, and web3.js all work with Neon with minimal configuration. This makes it one of the most EVM-compatible alternative environments available.