Neon EVM, an Ethereum environment on the Solana chain, adopts network expansion as a new product category

Neon EVM has officially adopted "Network Extensions" as a new product category, aiming to expand the functionality of Solana. Neon EVM is a fully compatible Ethereum environment built on the Solana blockchain.
The team stated: "Unlike traditional L1 or L2 blockchains, Neon EVM runs directly on Solana as a program, enhancing the experience for developers and users. By abstracting the complexity of the EVM layer, Neon EVM can be seamlessly deployed on Solana, while users can benefit from native Solana gas fees and unified DApp experiences." (CoinDesk)