June 22 (Cointime) - Neon EVM is an Ethereum Virtual Machine that allows developers to scale Ethereum dApps using Solana as the settlement layer. It is fully compatible with Ethereum and enables dApps to take advantage of Solana's functionality, including parallel transaction execution, resulting in high transaction speed, low gas fees, and high throughput. Neon EVM offers developers a unique opportunity to access Solana's liquidity, reach new customers, and enjoy a first-mover advantage. The project recently launched a closed beta version, Neon EVMβ Solana's mainnet, which supports fee-free transactions and allows players to deploy and test their services before the official Solana Mainnet launch. The project is still under development, with plans to roll out Neon DAO, integration with The Graph, Chainlinl and Pyth, and launch grant programs.