Neon EVM Price
(NEON)
USD($)
Neon EVM (NEON) Live Price Chart
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FAQ
Neon EVM Live Price Data
The live price of Neon EVM is $0.3771, with a total trading volume of $ 112,525 in the last 24 hours. The price of Neon EVM changed by -12% in the past day, and its USD value has decreased by -17.9% over the last week. With a circulating supply of 57,651,000 NEON, the market cap of Neon EVM is currently 22.47M USD, marking a --% increase today. Neon EVM currently ranks #-- in market cap.
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Note: This data is for reference only.
Neon EVM(NEON) Profile
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Contract
- Solana NeonTjSj...t44
Audited By
- --
Code & Community
Investors
- --
$0.3765
$0.4287
- ATH
- $3.86
- Price Change (1h)
- -0.71%
- Price Change (24h)
- -12.00%
- Price Change (7d)
- -17.90%
- Market Cap
- $22.47M
- 24h Volume
- $112,525
- Circulating Supply
- 57,651,000
- Max Supply
- 1B
About NEON
How can I buy Neon EVM (NEON)?
Buying NEON on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Neon EVM (NEON) for more information. What Is Neon EVM (NEON) Crypto?
Neon EVM (NEON) is an innovative platform designed to integrate the Ethereum and Solana blockchains, offering a bridge between these two networks. It operates as a fully Ethereum-compatible environment on the Solana blockchain.
Neon EVM allows Ethereum dApps (decentralized applications) and smart contracts to leverage Solana's high-speed transactions and low fees without needing significant reconfiguration. This makes it particularly attractive for Ethereum developers who want to take advantage of Solana's benefits while continuing to use familiar tools and programming languages like Solidity.
One of the key features of Neon EVM is its use of Neon Proxy, which facilitates the transfer of Ethereum-like transactions to the Solana network. This process involves wrapping these transactions in Solana's format, enabling them to be processed quickly and efficiently. Additionally, Neon EVM introduces tools like NeonScan, a block explorer and analytics platform, and NeonPass, which aids in the transfer of ERC-20 tokens between Solana and Neon EVM.
NEON, the platform's native token, serves dual purposes. It functions as a utility token, being used for transaction fees within the Neon platform, and also acts as a governance token in the Neon DAO (Decentralized Autonomous Organization). This governance aspect allows NEON holders to participate in decision-making processes about the platform's future.
How Does Neon EVM Work?
Neon EVM creates a bridge between the Ethereum and Solana blockchains, enabling the execution of Ethereum-compatible smart contracts on Solana's high-speed and low-cost network. Here's a simplified explanation of its working mechanism:
1. Transaction Initiation: Developers initiate transactions using Ethereum tools and languages for dApps or smart contracts initially developed for Ethereum.
2. Neon Proxy: These initiated transactions are sent to a Neon Proxy, which acts as an intermediary. The Neon Proxy packages these Ethereum transactions into Solana's transaction format. This involves estimating gas usage and preparing the transactions for execution on the Solana blockchain.
3. Execution on Solana: The wrapped transactions are then processed by the Neon EVM program on the Solana blockchain. Here, the transactions are executed following Ethereum rules but benefit from Solana's speed and lower costs via its Sealevel parallelization. This execution includes checking user signatures, loading the EVM state from Solana, and updating the state post-transaction.
4. Neon Transactions and Results: After execution, the results are relayed back as Neon transactions, providing users with receipts and details similar to what they would expect on the Ethereum network.
Neon EVM offers a scalable, cost-efficient, and easily integrable platform for Ethereum developers seeking improved performance while maintaining a familiar development environment.
History of Neon EVM (NEON) Coin
Neon EVM’s project team includes experienced professionals such as Konstantin Goldstein (COO), Andrey Falaleyev (CTO), Yuriy Yurchenko (CPO), and others, all contributing to its development and growth. The CEO and founder of Neon Labs, Marina Guryeva, has been active in the blockchain space since 2015. She previously served as the Director of CyberFund, an investment platform for blockchain startups, and was the Director at Commun, a blockchain-based social network, before founding Neon Labs in 2021.
The development of Neon EVM began with its proof-of-concept phase in Q2 2021, focusing on establishing the foundational aspects of the platform on Solana's Devnet. Here’s a look at the Neon EVM roadmap:
1. Alpha Phase (Q2 2022): This phase included key dApps testing, ERC-20 support, security audit, the roll-out of NeonPass, and the launch of NeonScan.
2. Beta Phase (Q2 2023): Marked the launch on Solana's Mainnet with a production-ready Neon EVM, early dApps deployment, governance roll-out, and integration with major blockchain services.
3. Post-Beta (2023): Focused on the growth of the Neon ecosystem, interoperability with Solana smart contracts, and the launch of a grants program.
4. Gamma Phase (2024): Aims for full compatibility of Neon EVM and integration with top industry ecosystem tools and services.
What Is NEON Token Used for?
The NEON token, native to the Neon EVM ecosystem, serves two primary roles: as a utility token and as a governance token.
1. Utility Token
In its utility role, NEON facilitates transactions on the Neon platform. This includes a variety of operations, such as:
> Paying Transaction Fees: Like ETH is used for gas fees in the Ethereum network, NEON is used for paying transaction fees within the Neon EVM environment.
> Facilitating dApp Operations: It is used for operations like deploying dApps, interacting within dApps, and other transactional activities on the platform.
2. Governance Token
NEON also functions as a governance token, playing a crucial role in the decentralized decision-making process within the Neon DAO. This aspect empowers NEON holders to:
> Propose Changes: Token holders can propose changes or improvements to the Neon EVM protocol.
> Vote on Proposals: They can participate in voting on various proposals, influencing the direction and development of the Neon EVM ecosystem.
In addition, you can trade Neon EVM crypto on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell NEON or HODL if you believe in the future potential of the Neon EVM bridge. Remember to undertake any trade in the crypto market only after doing your own research (DYOR).
Neon EVM (NEON) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $-0.0456 | -10.78% |
| 7 Days | $-0.0824 | -17.92% |
| 30 Days | $0.0379 | 11.20% |
| 3 Months | $-0.034 | -8.26% |
24H Investment Barometer
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- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Neon EVM Conversion Rate
FAQ
How much is 1 Neon EVM (NEON) worth?
KuCoin provides real-time USD price updates for Neon EVM (NEON). Neon EVM price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time NEON to USD exchange rates. Is Neon EVM (NEON) a Good Investment?
Investing in Neon EVM (NEON) offers several potential advantages, primarily stemming from its unique position as a bridge between Ethereum and Solana ecosystems:
1. Scalability and Efficiency: Neon EVM leverages the Solana blockchain's high transaction speeds and low gas fees. Ethereum dApps running on Neon EVM can operate more efficiently, potentially leading to increased use and value.
2. Familiar Development Environment: It offers a familiar environment for Ethereum developers, allowing them to write dApps in languages they are accustomed to, like Solidity. This ease of transition could attract more developers to the platform.
3. Ecosystem Access: By being the first EVM on Solana, Neon EVM provides access to Solana's growing ecosystem, including SOL and native Solana assets (SPL tokens), which could benefit investors looking to diversify their portfolios.
4. Governance Participation: As a governance token, NEON allows holders to participate in decision-making processes about the platform's future, giving investors a say in its development.
5. Market Performance Potential: According to some analyses, NEON has shown potential for growth in value. However, it's important to note that cryptocurrency investments are subject to market risks, and predictions can be speculative.
6. Diverse Applications: Neon EVM supports a range of applications, from dApp deployment to transactions, and participates in governance through the Neon DAO.
7. First-Mover Advantage: Being the first Ethereum-compatible environment on Solana, Neon EVM could benefit from first-mover advantages, capturing a unique market segment before potential competitors.
What Is Neon EVM Price Prediction?
While we cannot offer an accurate NEON crypto price prediction over any timeframe owing to the volatile nature of the crypto market, monitoring the following factors could help you better understand the price changes in Neon EVM coin:
1. Market Demand for NEON Tokens: The basic principle of supply and demand drives the NEON token price. Increased demand for NEON, possibly due to its unique features or growing popularity, can lead to a rise in the Neon EVM price.
2. Overall Crypto Market Trends: The broader cryptocurrency market trends significantly impact the $NEON price. If the general market is bullish, NEON, like other cryptocurrencies, may increase the NEON to USD price and vice versa.
3. Future Developments in the Neon EVM Roadmap: Advances in Neon EVM's technology, successful updates, or new feature rollouts can positively influence investor sentiment, thereby potentially increasing the NEON crypto price.
4. Level of Adoption of Neon EVM Bridge: The extent to which Neon EVM is adopted for real-world applications can impact the NEON coin price. Higher adoption by developers and users for deploying dApps on the network can increase the Neon EVM value.
5. Partnerships and Collaborations: Strategic partnerships with other blockchain projects or companies can enhance the token's credibility and utility, influencing the Neon EVM price.
6. Community and Developer Support: A strong, active community and continuous development can increase trust and sustained growth, positively impacting the NEON EVM token price.
Who Are Neon EVM’s Partners and Investors?
Neon EVM raised $40 million in a private token sale round. This funding round was led by Jump Capital, with significant contributions from other prominent investors such as Three Arrows Capital, Solana Capital, Rockaway Blockchain Fund, Ethereal Ventures, and IDEO CoLab Ventures.
Neon EVM has collaborated with Swing to enable cross-chain liquidity between Solana and Ethereum via EVM networks. This partnership is significant as it aims to facilitate the transfer and trading of assets between these two major blockchain ecosystems, potentially enhancing the DeFi (Decentralized Finance) landscape by providing more fluidity and interoperability in asset trading.
What is the all-time high price of Neon EVM (NEON)?
The all-time high price of Neon EVM (NEON) is $3.8600. The current price of NEON is down 90.24% from its all-time high.
What is the all-time low price of Neon EVM (NEON)?
The all-time low price of Neon EVM (NEON) is $0.0537. The current price of NEON is up 602.34% from its all-time low.
How much Neon EVM (NEON) is there in circulation?
As of 12 22, 2024, there is currently 57,651,000 NEON in circulation. NEON has a maximum supply of 1B.
What is the market cap of Neon EVM (NEON)?
The current market cap of NEON is $22.47M. It is calculated by multiplying the current supply of NEON by its real-time market price of $22.47M.
How do I store Neon EVM (NEON)?
You can securely store your Neon EVM in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your NEON include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Binance Chain Native Token (BNB) to cash?
You can instantly exchange your Binance Chain Native Token (BNB) for cash using KuCoin's Fast Trade feature. This feature enables you to convert BNB to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.