Blockchain-focused software company Neon Labs has revealed the launch date of the long-awaited Ethereum Virtual Machine (EVM) solution designed to help decentralized application (dApp) builders benefit from Solana’s core functionalities.
Ethereum EVM Solution to be Launched Next Month
According to the official announcement on Monday, the Neon EVM solution is set to launch on December 12. The new cross-chain software seeks to provide dApp developers with a complete toolkit to deploy their apps directly on Solana without needing to rewrite their code.
Usually, before Ethereum developers could integrate their projects on other networks to make them accessible for users across chains, the creators would restructure their codes to fit the ecosystem. However, with the EVM solution, they can easily migrate their projects from Ethereum to Solana without going through rigorous tasks.
Marina Guryeva, CEO of Neon Labs, noted that the Neon EVM solution was designed to promote multi-chain ecosystem growth by leveraging each blockchain’s strengths and capabilities.
“Neon EVM unites the best of two worlds, Ethereum and Solana, and puts to rest the Ethereum killer narrative once and for all. Ethereum-based projects can, for the first time, tap into the previously inaccessible audience and liquidity of Solana without needing to rewrite their code in Rust. As a result, users will now get to enjoy enhanced user experiences on Solana without losing out on Ethereum’s battle-tested dApps,” Marina said.
Aave and Curve to Start Building on Neon EVM
The CEO further stated that the company is working to develop interoperability with Solana smart contracts, complete ecosystem compatibility, and integrate other significant Ethereum tools with an early grant program.
Some popular Ethereum-based projects, such as Aave, Curve, and Sobal, are already preparing to build on the EVM Solution at launch. The projects were among the selected dApps used to test the software performance.
The company partnered with several crypto firms, including MixBytes, Robonomics Network, and Spoken, to test the EVM’s performance on Ethereum-based projects, including Compound and Uniswap v2.
The firm believes the cross-chain solution will benefit both Ethereum and Solana, as users from both networks will have the opportunity to access the protocols.
Image: neon-labs.org
