Coinbase Announces Support for Neon EVM (NEON) on Solana Network

🔸Neon EVM is the first-ever solution allowing Ethereum-based applications to run directly on Solana.

🔸This integration will significantly reduce transaction costs and increase speed for Ethereum apps.

🔸The move aims to bring more developers and users to the Solana ecosystem.

🔸The decision follows Solana's recent growth; its native token SOL has become one of the top ten cryptocurrencies by market cap in 2024.

🔸Neon Labs, the team behind Neon EVM, expressed excitement about this development and potential future collaborations with Coinbase.

🔸This announcement marks another significant step in bridging the gap between Ethereum and other blockchain networks.

#SOL $SOL