what's Neon EVM?
Neon EVM is a network extension built on Solana that enables seamless deployment of Ethereum Virtual Machine (EVM)-compatible decentralized applications (dApps). It allows developers to use familiar Ethereum tools, such as Solidity and existing smart contracts, while leveraging Solana's high-performance infrastructure for faster transactions and lower costs. The protocol processes EVM transactions directly on Solana, ensuring composability with native Solana programs. This bridges the Ethereum ecosystem with Solana's liquidity and user base, facilitating easy migration without code changes. Neon EVM uses a proxy contract system to handle Ethereum-style transactions on Solana's architecture, optimizing for scalability. Key features include support for ERC-20 tokens, DeFi protocols, and NFTs, with integrations like bridges for cross-chain asset transfers. It empowers Ethereum builders to access Solana's speed and efficiency while maintaining EVM compatibility.
Neon EVM token raised $1.5m, valued at $32m, with daily vest unlocks causing selling pressure warnings.
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Recorded over $100 million in capital inflows within a one-week period.
Token faces $70k in sell pressure from 222 unique sellers against only $22 in total buy pressure.
Parasol introduced as a dedicated engine for high-performance perpetual futures trading, continuing the vision to extend Solana without fragmentation.
Token experiences near-zero trading activity with only one buyer purchasing $5 worth in the last 48 hours.
Token experiences approximately 90% price decline after a video release, raising concerns about potential legal consequences.
Project reaches 1 billion views per month.
The token raised $1.5m and currently trades at a $32m valuation with daily vest unlocks in place. This tokenomics structure prompts warnings about unnatural price action and anticipated selling pressure from unlock recipients.
A whale invests $5,274,024 into NEON's presale, with the investment associated with influencers IGGY and N3ON.
Released 3 new developer guides covering AI tech writing, next-gen Web3 frontends, and vibe coding experiments, and upgraded the Dev Playbook.
The Neon Dev Playbook adds a new feature allowing community members to publish their own tutorials, guides, and insights.
AMA scheduled for next week with new CEO Ivan (@instantfinality) to discuss his story, vision, and leadership direction for the project.
Ethervista launches a DEX on Solana powered by Neon EVM technology.
Ivan (@instantfinality) appointed as new CEO with 6 exits and over 10 years blockchain experience, focusing on accelerating Solana developer adoption and Ethereum asset integration.