Neon EVM, a leading Ethereum Virtual Machine (EVM) on Solana, has officially adopted the term 'Solana Network Extension' as a product category. This move aims to clarify the unique position of projects like Neon EVM, MagicBlock, and MetaPlex within the Solana ecosystem.
, a leading Ethereum Virtual Machine on Solana , formally adopts Solana Network Extension as a product category, perfectly capturing the essence of this new category. Network Extensions fill a critical gap in the Solana ecosystem. By offering a formal category for projects that natively extend Solana ’s functionalities, Neon EVM provides clarity to developers, investors, and users alike.
Neon EVM epitomises this concept by enabling Ethereum compatibility for dApps while maintaining an execution environment with Solana. Neon isn’t a typical L2—it runs as an EVM on Solana’s blockchain, providing compatibility with Ethereum-based applications while remaining fully integrated with Solana’s L1.
Davide Menegaldo, CCO of Neon EVM and highlights the importance of network extensions, stating, “Network Extensions offer a powerful way to enhance and augment the capabilities of blockchain networks like Solana without the downsides typically associated with traditional scalability solutions.
Solana Ethereum Virtual Machine (EVM) Neon EVM Network Extensions Blockchain Development
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