Neon EVM is an Ethereum Virtual Machine built as a smart contract on the Solana blockchain, enabling Ethereum dApps and smart contracts to run seamlessly on Solana without rewriting code. Developers can use familiar Ethereum tools like Solidity, Hardhat, and MetaMask while enjoying Solana’s speed and low fees. This creates a powerful bridge between two major ecosystems.

Beyond transaction fees, NEON tokens power governance through the Neon DAO, where token holders can propose and vote on upgrades. They’re also used for operator commissions and platform fees, aligning incentives for all participants in the ecosystem.