London, UK, October 16, 2024, Chainwire
Neon EVM pioneers Solana’s network expansion category, ushering in a new era of converged growth.
Neon EVM, the leading Ethereum Virtual Machine (EVM) on Solana, officially embraces Solana network extensions as a product category and perfectly captures the essence of this new category. Network extensions fill a critical gap in the Solana ecosystem. By providing a formal category for projects that natively extend Solana’s functionality, Neon EVM provides clarity for developers, investors, and users alike.
Traditionally, this position stemmed from the unique nature of Neon EVM and various other projects (MagicBlock, MetaPlex, etc.) as they are not typical layer 1 or layer 2 blockchains.
Unlike traditional rollups, L2, and sidechains, Neon EVM is a program deployed directly on top of Solana’s blockchain and relies on its settlement, consensus, and data availability. Now, this makes Neon EVM part of a controversial emerging product category known as Network Extensions, which are natively configurable extensions to Solana’s core functionality.
The controversy that sparked the network extension category
Solana’s network extensions sparked controversy in September 2024, with co-founder Anatoly Yakovenko calling Ethereum’s L2 solution “parasitic.” Yakovenko argued that L2 would deplete liquidity and fragment the ecosystem, a view echoed by Solana supporters who say L2 creates a disjointed user experience. In contrast, Yakovenko claimed that Solana’s network extensions are “natively configurable” and enhance the core chain without extracting liquidity. Proponents emphasized that these are not a disguised L2 and maintain a direct connection to Solana’s base layer, allowing for seamless configuration without Ethereum issues.
Network extensions are fundamentally different from L2.
Unlocking Seamless Ethereum Compatibility in Solana: Neon EVM as a Native Network Extension
Solana considers network extensions to be specialized modules that extend the core functionality of the L1 blockchain. These extensions are natively integrated with the Solana base layer, allowing you to add new functionality while maintaining the core performance and configurability of the underlying L1 chain.
Neon EVM embodies this concept by enabling Ethereum compatibility for dApps while maintaining a Solana-powered execution environment. Neon is not your typical L2. It runs as an EVM (Ethereum Virtual Machine) on Solana’s blockchain, providing compatibility with Ethereum-based applications while remaining fully integrated with Solana’s L1. Unlike Optimistic and ZK Rollups, Neon processes transactions through Neon proxies rather than off-chain. Instead, developers can now leverage Solana’s core functionality to deploy Ethereum dApps to Solana without the need for Rust coding. Neon EVM seamlessly integrates with Solana at the protocol level, leveraging Solana’s advanced Sealevel transaction infrastructure to directly map Ethereum transactions to Solana instructions. As a result, dApps running on Neon EVM benefit from Solana’s high-throughput environment and unparalleled scalability, enabling parallelism and efficient execution.
With this technology, Neon EVM plays a key role in enhancing the accessibility and configurability of blockchain applications to the Solana ecosystem.
The Solana Foundation team reiterates Neon EVM’s role as a network extension on social media platform It is clearly stated that it is not.
Davide Menegaldo, CCO of Neon EVM, emphasized the importance of network expansion, saying, “Network expansion can enhance and enhance the functionality of blockchain networks like Solana without the drawbacks that traditional scalability solutions often have. “We provide a powerful way to increase Menegaldo digs deeper and explains the keys to making network expansion decisions.
– Unified liquidity: By working within the same liquidity pool, network extensions prevent liquidity fragmentation that often occurs in layer 2 and sidechains, ensuring a more integrated and efficient ecosystem. Masu.
– Enhanced user experience: Users can now easily use native wallets and tools, abstracting away all the complexities associated with multi-chain and fragmented environments.
– Extend core functionality while remaining native to the host chain. Network extensions are deeply integrated into the base layer and do not conflict with or directly overlap with the base layer. They extend the capabilities of Solana by adding new features, new execution environments, storage or consensus capabilities, and NFT capabilities without replacing the core functionality of the underlying Solana environment.
Projects like MagicBlock and MarginFi with ephemeral rollups are creating tools, services, and infrastructure that don’t necessarily fit into a single category of well-defined L1 and L2 terminology.
To fully comply with the network extension definition, Neon EVM abstracts the complexity of the EVM layer and ensures a seamless experience for users. EVM developers can quickly track deployments on Solana without having to graph the complexity of Rust. Solana users can interact with these dApps through their preferred wallets, such as Phantom, Backpack, and Solflare, and pay for gas in Solana’s native currency.
This configurable and intuitive user experience allows the technology behind these applications to be Ethereum compatible, without end users being aware of the underlying Ethereum-like codebase powering the dApps. You can benefit from a unified user experience.
Neon EVM drives Solana’s innovation and extends beyond traditional blockchain models
The network extensions of the Solana ecosystem are setting new precedents for how blockchain infrastructure can evolve beyond traditional L1 and L2 models. As Solana continues its growth trajectory with Firedancer and many upcoming updates, Neon EVM is poised to play a pivotal role in accelerating innovation and delivering unparalleled growth opportunities for both developers and users. I am. The future of blockchain is scalable, and Neon EVM is poised to take the lead beyond standard routes.
About neon EVM
Neon EVM is a first-of-its-kind networking extension on top of Solana designed to seamlessly integrate Ethereum Virtual Machine (EVM) compatibility into Solana’s high-performance ecosystem. By operating natively within Solana’s base layer, Neon EVM gives Ethereum developers the ability to deploy EVM dApps to Solana without the need for Rust coding, separate blockchain layers, or fragmented liquidity. provides a fast, high-throughput route for Enhance the composability of your dApp while maintaining the core benefits of Solana. Neon EVM extends the capabilities of Solana and provides an integrated experience that allows Ethereum-based projects to succeed with the speed and scalability that Solana is known for.
To learn more about Neon EVM, visit neonevm.org and connect with the community. Twitter Or Discord.
contact
marketing manager
Shaylee Singh
Neon EVM
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