Neon EVM: a tool that allows for Ethereum-like transactions to be processed on Solana, taking full advantage of the functionality native to Solana, including parallel execution of transactions. As such, Neon EVM allows dApps to operate with the low gas fees, high transaction speed, and high throughput of Solana, as well as offering access to the growing Solana market.
In the case of Neon EVM, an intermediary proxy server that can be run by anybody wraps up Ethereum-like transactions into Solana transactions and sends them to Neon EVM that executes them in parallel. To ensure the parallel execution of smart contracts, Neon EVM implements several strategies. In particular, each contract keeps its data in its own Solana storage and account balances used to pay for Neon transactions are also separated. The solution allows any Ethereum application to be run on Solana without any changes to its codebase, including UniSwap, SushiSwap, 0x, and MakerDAO. All key tools for Ethereum dApps can work on Solana, including Solidity, Metamask, Remix, Truffle, and others.
Neon EVM is best suited to developers that want to enjoy a first-mover advantage and reach new customers on Solana, or those who want to scale with the low gas fees and high throughput that Solana provides. It is also good for those developers who are looking to tap into liquidity on Solana.
