Neon EVM

What Neon EVM does

Neon EVM, operated by Neon Software Ltd (BVI), is a blockchain infrastructure protocol that enables Ethereum Virtual Machine (EVM) smart contracts to execute natively on the Solana blockchain. Its core product comprises the Neon EVM Program (an on-chain engine running inside Solana's BPF runtime that executes EVM bytecode and can invoke Solana programs) and the Neon Proxy (an off-chain component providing Ethereum-compatible JSON-RPC, gas estimation and emulation). The platform targets Solidity developers and cross-chain dApp builders, allowing them to deploy existing Ethereum code using familiar tooling (Hardhat, Foundry, Remix, Truffle, MetaMask) without rewriting in Rust, and to interact with Solana wallets such as Phantom via the Solana Signature SDK.

The product surface extends beyond the core EVM runtime to a set of supporting modules: NeonPass for token transfers between Solana and Neon EVM accounts; ERC-20-for-SPL for exposing Solana tokens through an Ethereum token interface without wrapping; five composability libraries (System, SPL Token, Associated Token, Metaplex, Raydium CPMM) that allow Solidity contracts to call Solana programs atomically; the Solana Native SDK for Solana-wallet users; and educational resources including the Developer Bootcamp and Dev Playbook. A new sub-brand, Parasol, was unveiled at Solana Breakpoint 2025 as a zero-knowledge-powered engine for on-chain perpetual futures on Solana.

Neon EVM monetizes via its native NEON token, used for gas and transaction fees on the protocol; validators and operators process transactions and earn fees. The go-to-market is developer-led and self-serve: documentation, GitHub repositories, a Devnet faucet, Chainlist-listed RPC endpoints, Discord, and recurring presence at Solana conferences such as Breakpoint. The company is privately held, fully remote, and serves a global developer base subject to standard sanctions-based restrictions.

Name

Neon EVM

Legal name

Neon Software Ltd

Website

https://neonevm.org

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Neon EVM enables Ethereum-compatible smart contracts to execute on the Solana blockchain, letting Solidity developers deploy dApps without Rust rewrites using familiar tools like Hardhat and MetaMask. The protocol serves Ethereum developers and cross-chain builders via a NEON-token gas-fee model.

Ownership category

akta.pro rank

Product category

Blockchain Infrastructure

NAICS

Computer Systems Design Services (541512)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Smart Contract Execution Environments (EVM/WASM, runtimes, precompiles) (FSAPABAA)

akta.pro secondary industry

Deployment, Automation & DevOps (build pipelines, contract deployment tools) (FSAPABAH)

Keywords

• EVM compatibility
• Solana infrastructure
• Blockchain interoperability
• Smart contract platform
• Web3 development

Headquarters

HQ city

Road Town, Tortola

HQ country

British Virgin Islands

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Protocol/Network Fees: Neon EVM is a decentralized protocol enabling EVM execution on Solana. Transaction fees are paid in NEON tokens for EVM transactions executed on Solana. Operators/validators process transactions and earn fees.
2. NEON Token: Native protocol token used for gas/fees on the Neon EVM network. Developers and users pay transaction fees in NEON for deploying and executing smart contracts.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels9 records

Core offering

Neon EVM enables Ethereum-style smart contracts to execute natively on the Solana blockchain, letting developers deploy existing Solidity dApps without writing Rust and without bridges or Layer-2 rollups. Its architecture combines an off-chain Neon Proxy (handling Ethereum-format transactions, JSON-RPC, and gas estimation) with an on-chain Neon EVM Program that runs EVM bytecode within Solana's runtime. Surrounding modules — NeonPass, ERC-20-for-SPL, composability libraries, and the Parasol zk perps engine — enable token movement, native token experience, and direct Solidity-to-Solana program calls.

Product overview

Neon EVM is a platform offering EVM compatibility on Solana, consisting of the core Neon EVM product (a parallel-processing Ethereum Virtual Machine running on Solana) plus ecosystem tools and modules. The core product enables developers to deploy existing Solidity smart contracts to Solana without code rewrites or learning Rust. Supporting modules include: NeonPass for token bridging between Solana and Neon EVM; ERC-20-for-SPL for exposing Solana tokens through ERC-20 interfaces; Composability Libraries enabling Solidity contracts to call Solana programs natively; Solana Native SDK for Solana wallet integration; and Developer Bootcamp/Playbook for education. The platform provides developer tooling integration with Hardhat, Foundry, Remix, and Truffle, plus block explorer (Blockscout) and faucet services.

Differentiator

Problem solved

Functional benefit

Brands

• Parasol: A zk-powered engine for on-chain perps on Solana, unveiled at Breakpoint 2025.

Products and services

• Neon EVM Core platform providing EVM compatibility on Solana; lets Ethereum developers deploy and run Solidity smart contracts on the Solana blockchain using existing tooling, gaining access to Solana's throughput, low fees, and liquidity without rewriting in Rust.
• NeonPass Standalone token-transfer tool that moves SPL tokens between Solana accounts and Neon EVM ERC-20 accounts without wrapping assets, available for both Devnet and Mainnet.
• ERC-20-for-SPL Interface contract exposing SPL tokens through the ERC-20 standard so Ethereum wallets like MetaMask can transact with native Solana tokens; offered in standard and mintable variants.
• Composability Libraries (System, SPL Token, Associated Token, Metaplex, Raydium CPMM) Five Solidity libraries that let EVM contracts directly call Solana programs (System, SPL Token, Associated Token, Metaplex, Raydium CPMM) atomically, without bridges or Rust rewrites.
• Solana Native SDK SDK that allows Solana wallets to interact with Neon EVM programs, enabling Solana dApps to use EVM functionality while keeping a native Solana user experience.
• Neon Transfer SDK SDK for programmatically transferring tokens between Solana and Neon EVM via NeonPass; distributable as an npm package for integration into dApps and backend services.
• Parasol zk-powered engine for on-chain perpetuals on Solana, introduced as a new product line leveraging Neon EVM's zero-knowledge technology for derivatives trading.

Quantifiable outcome

• ~400ms block times and 3,000-5,000 TPS sustained (Solana performance)
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core.

• Phantom WalletcoreTechnology or IntegrationPhantom wallet integration enables Solana wallet connection to EVM dApps on Neon. Users can interact with smart contracts using native Solana assets and wallets.
• MetaMaskcoreTechnology or IntegrationMetaMask is the primary wallet for interacting with Neon EVM dApps. Developers connect MetaMask to Neon Devnet and Mainnet via standard EVM connection methods.
• RaydiumcoreTechnology or IntegrationRaydium CPMM Program Library enables Solidity contracts to create liquidity pools, add/remove liquidity, lock positions, collect fees, and perform swaps using Raydium's concentrated liquidity pools directly from Solidity.
• ChainlinkcoreTechnology or IntegrationChainlink data feeds implemented as smart contracts on Neon EVM, making price feeds from Solana network available for EVM smart contracts. Supports multiple currency pairs including BTC/USD, ETH/USD, SOL/USD, USDC/USD.
• MetaplexcoreTechnology or IntegrationMetaplex Program Library enables Solidity contracts to create and manage token metadata using the Metaplex standard. Includes createMetadataAccountV3 and updateMetadataAccountV2 functions.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• Sei Network: Sei is a parallelized Layer 1 with EVM-compatible execution. It targets the same developer need for high-throughput EVM, overlapping with Neon's performance-driven thesis.
• Monad: Monad is a high-performance, parallelized EVM L1. It competes with Neon for Ethereum developers seeking throughput, but uses its own L1 rather than running EVM bytecode inside Solana.
• Astar: Astar is an EVM-compatible smart contract hub (originally on Polkadot) offering EVM and Wasm execution. It overlaps with Neon as a multi-VM EVM platform, though on a different base chain.
• Solang: Solang is a Solidity compiler that targets Solana BPF. It overlaps with Neon EVM in the 'Solidity on Solana' developer experience but takes a compile-to-SVM approach rather than an EVM-on-Solana execution model.

Broad incumbents

• Hyperledger: Hyperledger is an enterprise-grade permissioned blockchain framework. It overlaps with Neon only at the edges — both serve EVM-compatible contract workloads — but Hyperledger is consortium/governed rather than public Solana execution.
• zkSync: zkSync (Matter Labs) offers a zkEVM L2 with EVM compatibility, overlapping with Neon on the goal of bringing Solidity developers to a higher-performance environment. Different execution substrate but comparable developer pitch.
• Arbitrum: Arbitrum is the largest EVM L2 by TVL. It competes with Neon for Ethereum developer adoption but is a rollup on Ethereum rather than a parallel execution environment on Solana.
• Optimism: Optimism's OP Stack powers a large EVM L2 ecosystem. It competes for the same Ethereum developer pool as Neon EVM, but through Ethereum-aligned rollups rather than Solana-based execution.
• Polygon: Polygon operates a broad suite of EVM scaling solutions (PoS, zkEVM, CDK) and competes for the same Ethereum-developer mindshare as Neon, but as a multi-chain incumbent rather than a Solana-native execution environment.

Direct peers

• Eclipse: Eclipse is building an EVM-compatible execution layer on Solana using the SVM. It is the closest direct competitor to Neon EVM, targeting Ethereum developers who want Solana-grade performance with familiar tooling.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/neonevm/neon-evm
• Xx.com/Neon_EVM

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Neon EVM