Neon EVM: November Highlights And Monthly Recap!

Gm Neonauts,

November has been a thrilling month of progress and innovation at Neon EVM! From the launch of our Solana-native whitepaper to dynamic engagements at Devcon and ETHGlobal in Thailand, we are accelerating our mission to fast-track EVM dApps into the heart of the Solana ecosystem. Our journey as a Solana Network Extension continues to evolve, delivering a more robust and accessible Neon EVM experience for developers and users alike.

Here’s a glimpse into what’s been happening at Neon EVM ↓🌐👇

Solana-Native Whitepaper: Enabling Solana Users to Access EVM dApps on Neon EVM

The release of our Solana-native whitepaper marks a significant step in enabling EVM dApps to fast-track to Solana’s ecosystem. This comprehensive whitepaper outlines key innovations, including Solana signature functionality for signing Neon transactions with native Solana wallets, an enhanced transaction validation process to support Solana's ed25519 signatures, and the mapping of Solana wallet addresses to EVM-compatible accounts, ensuring unified asset management.

These advancements empower Solana users to interact with Neon EVM dApps directly from their existing wallets, such as Phantom, Backpack, or Solflare, without needing to migrate funds or switch wallets. The integration keeps SOL as the gas token, leverages Solana’s native RPC, and offers a frictionless user experience by maintaining assets within the familiar Solana wallet environment.

The whitepaper also introduces an on-chain mempool, a decentralized solution for scheduling and controlling Neon transactions on Solana, enabling advanced functionalities like deferred execution and larger transaction handling. We detail a controlled tree of Neon transactions that allows atomic and parallel execution of complex interactions between EVM dApps and Solana programs, seamlessly managing state changes and aggregation. It also speaks to intent-based execution, designed to enhance interoperability between EVM contracts and Solana programs.

Discover our Solana-native approach! 🚀
Read Whitepaper

Technical Advancements: Building Solana-Native Infrastructure

Our technical team made significant strides this month, bringing us closer to realizing the Solana-native vision. The Solana signature functionality is complete on the EVM side and partially implemented on the Proxy side—currently in testing and audits. To complement this, we are building the Solana Signature SDK, that translates the whitepaper into practical dApp infrastructure.

We have enabled dynamic priority fees on the Operator’s side to optimize transaction execution and the block.timestamp fix has been deployed to devnet, enhancing dApp reliability. Additionally, Solana's recent increase of the transaction account lock limit from 64 to 128 has resolved a critical constraint for Neon EVM. In parallel, the account lock limit on Neon EVM devnet has also been extended to 128 accounts, allowing the ability to handle state-intensive operations. Developers can now test more robust use cases, unlocking new possibilities for dApp functionality.

In a bid for a more adaptive gas fee structure, allowing the network to better manage gas fees by adjusting fees dynamically, and preventing unnecessary gas consumption, especially in cases of transaction failure, we are rigorously working on implementing EIP-1559. The feature is already live on our devnet and is undergoing a security audit before deployment on the mainnet. Once live on mainnet, EIP-1559 will not just reduce costs but also improve transaction reliability by allowing users to set priority fees.

Explore infrastructural and technical innovations 🤝
See our Docs

Major Events: Devcon, ETHGlobal, and Solana Ignition Week

November was an action-packed month for Neon EVM with participation at industry-leading events. Our Head of Product, Florian Munoz, presented at the DeFi World Panel 2024 on Neon EVM, discussing the Solana Network Extensions vertical. He made a compelling case for why it is the right time to join the Solana ecosystem and how Neon EVM can help EVM dApps achieve this via their Solidity codebase.

At ETHGlobal, Neon EVM DevRel Daria Agadzhanova presented a workshop in which she highlighted how Ethereum-like transactions are processed on Solana through Neon EVM and how to build and perform Solana instructions inside Solidity! Exciting, ain’t it? We also organized a hackathon that attracted developers eager to explore new possibilities, alongside a bounty pool of $10,000 for building “Memecoin & Degen toolbox” and “Neon EVM-Optimized Protocols and dApps”.

The winners included a multichain meme coin launchpad offering secure ERC-20 creation (EVMeme), a decentralized platform for on-chain P2P predictions on crypto prices utilizing the power of multiple oracles (NeonDotFun) and an SDK bridging Solana SPL balance data with EVM-based blockchains, enabling token gating and access control (GateSync). Neon EVM Growth Lead, Ken Bassig, was at the forefront of Solana Ignition Week in Singapore and interacted with Superteam members from across the globe.

Locate us next in your local dev meetups🤝
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Research Advancements: Enhancing Product Market Fit

As part of our ongoing efforts to enhance the Neon EVM experience and carve beyond the boundaries of innovation, the product team is exploring the hypothesis on Chain abstraction, ERC—4626, and AI agents. Additionally, exploratory discussions have been initiated around meme coins, launchpad infra, and toolkits.

A significant area of exploration has been the testing and optimization of a functionality enabling the execution of a series of actions within the same transaction on Neon EVM. Initial implementations demonstrate the ability to perform flash loans using ERC20 tokens on Neon EVM devnet. While current functionality excludes composability calls, iterative composability—once live—will potentially open doors for testing complex operations, such as simultaneous flash loan repayment and composability requests and advance DeFi use cases.

Another prime focus has been our new onboarding portal, which simplifies and streamlines user access. The portal is test-ready and will soon provide developers and users with a gateway to Neon EVM. Changes are being implemented to the website to make it more user-friendly and ensure easier information accessibility.

Stay updated with our latest research and tech advancements. ⚙️
Explore Neon EVM Docs

Podcasts and Mentions: Featuring the Neon EVM Brand

Sonke Busch, Neon EVM Senior Product Manager, was on an X Spaces alongside MagicBlock and Arcium, speaking on “Pioneers of Solana Network Extensions and New Infra.” Sonke shared insights on how Neon EVM is leading and paving the way for EVM dApps to extend into the Solana environment technologically, infrastructurally, and with a focus on enhanced user experience.

Neon EVM Senior Integrations Lead, Simeon Kotashki, was on Genzio Media X Spaces where he discussed the challenges and opportunities of building cross-chain solutions. In another X Spaces hosted by Zypto, Daria Agadzhanova, DevRel, did a deep dive into Neon EVM and spoke of the various developer tooling available for EVM builders. We hosted an exciting X Space on “Building a Thriving Developer Community: Best Practices,” inviting the devrel teams from Arbitrum and Chainbase alongside our devrel, Daria. The Space was well-received on X. Take a listen!

In our latest initiative for deeper and more meaningful community connect, we have started regular Discord Town Halls. This month, we hosted two town halls with our Marketing Manager, Shailey Singh, Growth Lead, Ken Bassig, and Head of Community, Ivan Ponyuk, answering various questions in an open live stream about partnerships, events, new technological developments, and more.

As we build, we are happy for the love we receive from supporters across continents and will continue to deliver best-in-class technology.

Stay tuned and keep those community vibes strong! ❤️
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In the meantime…. The Neon EVM Points Program is running strong. Join our super fun community initiatives—a Holiday Meme contest, Galxe Telegram Mini App quest, and an Earn bounty with Superteams—for a chance to win exciting prizes!

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