Neon (NEON) is an
EVM-compatible
Layer-2 protocol on Solana, allowing Ethereum developers to deploy dApps with Solana's speed and low fees using familiar Solidity tooling without code changes. Founded by Marina Guryeva and a team from Neon Labs, it processes Ethereum transactions in parallel on Solana's PoH consensus, bridging assets seamlessly for unified
liquidity. The NEON token pays
gas fees, stakes for validators, and governs the ecosystem, enabling high-throughput
DeFi, gaming, and
NFT applications in a hybrid EVM-Solana environment.
When Did Neon Launch?
Neon was founded in 2022 by Marina Guryeva and Neon Labs team, launching devnet in 2022, mainnet in July 2023, and NEON token TGE in December 2023 with airdrops and listings. Milestones include 2024 expansions for dApp migrations and 2025 partnerships boosting TVL and volume by December 2025.
What Are the Key Features of Neon?
Neon features full EVM compatibility for direct Ethereum
dApp deployment on Solana, parallel processing for thousands of TPS, low fees via Solana infrastructure, seamless asset bridging, staking for security and rewards, governance for protocol upgrades, and developer-friendly tools like Solidity support in a scalable hybrid ecosystem.
What Is NEON Used For?
NEON is used for paying gas fees on the EVM L2, staking validators for rewards, voting on governance proposals, providing liquidity for yields, bridging assets between Ethereum and Solana, and accessing incentives for dApp builders.
What Is the NEON Token Utility?
NEON secures validators via staking, powers governance votes, covers L2 fees with burns, incentivizes operators through rewards, and funds treasury for EVM-Solana integrations and ecosystem growth.
What Blockchain Does Neon Operate On?
Neon is an EVM Layer-2 on Solana, using Solana's PoH for execution and Ethereum compatibility for tooling, with bridges for asset flows.
What Are NEON Tokenomics?
NEON has a maximum supply of 1 billion tokens, with ~500 million circulating as of December 2025 from unlocks. Allocation: ecosystem incentives, staking rewards, team vested, liquidity, treasury; deflationary via fee burns.
How To Securely Store NEON
NEON works with the most popular crypto wallets that support EVM-based assets. The easiest way to engage with NEON is through
BingX Spot Market where users can buy, sell, and hold tokens securely without managing private keys or additional wallet setups. This approach offers exchange-level security, a custodial wallet service, and instant trading access, making it convenient for new and experienced users alike. This token is also compatible with leading self-custody wallets such as
MetaMask and
Trust Wallet along with other major EVM-compatible wallets and hardware options like
Ledger. These wallets give users full control over their private keys and allow direct participation in decentralized applications, platform features, staking, governance, and cross-network transactions within the Neon ecosystem. By adding the Neon network and importing the NEON token using its contract address, users can enjoy secure and seamless access to all platform utilities and rewards.
Is NEON a Good Investment?
Neon bridges EVM dApps to Solana with 1B capped supply and fee burns for scalability. As of December 2025, ~500M circulating supports mid-cap valuation with staking yields, benefiting from Solana growth and Ethereum migrations, though faces competition from other L2s. Hybrid model offers edge; mid-cap cross-chain play for diversified holdings with independent research recommended.