The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Ethereum DApps Settle on Solana With Neon EVM’s Closed Beta

by Press Release
June 22, 2023
in Industry Announcements


Neon EVM announces the launch of its closed beta.
What is Neon EVM

Neon EVM is a low-friction solution that enables Ethereum DApps to settle transactions on Solana, eliminating the gap between these two leading blockchains.

Neon EVM positions Ethereum developers to enjoy the best of Solana’s network, from low fees to high transaction speeds and parallel transaction execution capabilities.

While Solana is one of the fastest organically-growing chains, its incompatibility with EVM has left several hundred million in TVL, millions of users and an entire ecosystem untouched by EVM multichain DApp developers – until now.

Neon EVM’s pioneering solution is the anticipated innovation in the Solana ecosystem and makes Solana a viable option for multichain builders.

Neon EVM brings together the best of both chains while ensuring the finality of settlements on Solana.

What is Neon EVM closed beta

The launch of the closed beta version of Neon EVM – Neon EVM? – to Solana’s mainnet is a significant milestone on the roadmap.

Neon EVM? is a fully-functioning Neon EVM with one major alteration – it supports fee-free transactions.

This means that all transactions are settled to Solana’s layer one and require payment in Sol, as per any Solana-settled transaction.

However, in beta, the NEON token is not requested by the proxy operator responsible for accepting the transaction request and ensuring that it is finalized.

Why launch in beta

The Neon EVM ecosystem includes many more players than just the Neon EVM and the proxy operators that accept and settle transaction requests.

It includes DAO, oracles, indexers, wallets, multisigs, bridges, explorers and more.

Neon EVM? provides an opportunity for all parties to deploy and test to ensure the seamless integration of their services before the official Solana mainnet launch.

While Neon EVM could have chosen to do a Shadow mainnet launch on a fork of the Solana mainchain, launching directly to mainnet offers significant advantages – not least of which is that deployed and tested contracts will retain their addresses on Solana mainnet.

Why launch in ‘closed’ beta

Launching in closed beta allows the Neon EVM team to onboard and test the services of ecosystem players in controlled phases.

The first phase onboarded the infrastructure components, and the second phase accepted DApps and will test the connection of wallets.

Operating in closed beta also controls the budget by keeping the activity limited to an invite-only list. Remember, while the proxy operator is not charging a fee, the Solana network still does.

It simply is not possible to provide an open beta and predict the cost in Sol for such an initiative – though it is possible to predict that the Sol cost will be less than the equivalent ETH cost would be for an EVM settling to Ethereum.

When the testing period ends and NEON tokens are available on the market to pay for transactions, Neon EVM will switch back to its normal operation mode.

This means that independent proxy operators – P2P and Everstake – will resume responsibility for accepting and processing transactions. The proxy operator’s RPC endpoints will be made available on ChainList.

Want to get involved

While Neon EVM is deployed to Solana mainnet at this address, as this is a closed beta, unless you are on the guest list, it won’t accept your transactions yet.

To engage with the community, you can find us on Twitter, and join Neon EVM’s very active Discord to meet some of our long-term and loyal community builders.

For a high-level overview of the technical architecture and features of Neon EVM, the whitepaper is available here.

To follow the activity of the network, you can view Neon EVM transactions settled to Solana with the NeonScan dashboard.

This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.


Follow Us on X Facebook Telegram

Check out the Latest Industry Announcements
 

 
Submit a Press Release

Industry Announcements

  • Whale.io Launches Whale Printer – WHALE Token Staking
    June 3, 2026
  • Blockmaze Defines the Future of RWA Tokenization With Compliance-First Infrastructure for a $500 Trillion On-Chain World
    June 3, 2026
  • POV Order Now Live on Bybit Futures, Enabling Precision Execution for Large Trades
    June 2, 2026
  • Swapzone Adds Real-Time KYC and Execution Data to Pre-Swap Interface
    June 1, 2026
  • Beldex Launches BNS Marketplace, Expanding Digital Ownership Across the Ecosystem
    May 30, 2026
  • Falcon Finance and Anchorage Digital Bank Launch fUSD, a GENIUS-Ready Stablecoin With Rewards on Ceffu
    May 27, 2026
  • SNC Scandic Coin – Regulated Real-World Asset Project Launched on BingX, BitMart, L-Bank and Biconomy
    May 26, 2026
Submit a Guest Post
ADVERTISEMENT

Spotlight

  • Pennsylvania Bank Issues Urgent Alert After AI Application Triggers Data Breach, Exposing Sensitive Customer Info
    May 30, 2026
  • Bank Insider Steals $257,594 From Customers, Claims She ‘Borrowed Money’ She Knew Wouldn’t Be Needed at the Time: Report
    June 1, 2026
  • Malware Targets 180 Banking, Financial and Crypto Apps, Displays Fake Screens To Capture PINs and Take Over Accounts: Cyble
    May 31, 2026
  • Institutional Investors Sell $1,670,000,000 in Bitcoin and Crypto Assets in Third Straight Week of Outflows: CoinShares
    June 1, 2026
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl