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	<title>NEON EVM Archives - Coin Engineer</title>
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		<title>NEON EVM To Use SOL Instead Of Local Token</title>
		<link>https://coinengineer.net/blog/neon-evm-to-use-sol-instead-of-local-token/</link>
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		<dc:creator><![CDATA[admin]]></dc:creator>
		<pubDate>Sun, 19 Nov 2023 22:56:24 +0000</pubDate>
				<category><![CDATA[Crypto News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[ethereum]]></category>
		<category><![CDATA[Marina Guryeva]]></category>
		<category><![CDATA[NEON EVM]]></category>
		<category><![CDATA[sol]]></category>
		<category><![CDATA[USDC]]></category>
		<category><![CDATA[usdt]]></category>
		<guid isPermaLink="false">https://coinengineer.io/blog/?p=6677</guid>

					<description><![CDATA[<p>Neon EVM is working to allow users to pay transaction fees with tokens other than the platform&#8217;s native token. The new feature is currently live on the test network. It is planned to be launched on the Neon EVM&#8217;s Devnet in the coming weeks, as well as Mainnet support will be in 2024. The platform</p>
<p>The post <a href="https://coinengineer.net/blog/neon-evm-to-use-sol-instead-of-local-token/">NEON EVM To Use SOL Instead Of Local Token</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p><strong>Neon EVM</strong> is working to allow users to pay transaction fees with tokens other than the platform&#8217;s native token.</p>
<p>The new feature is currently live on the test network. It is planned to be launched on the <strong>Neon</strong> <strong>EVM&#8217;s</strong> Devnet in the coming weeks, as well as Mainnet support will be in <strong>2024</strong>.</p>
<p>The platform is an Ethereum-based smart contract layer on Solana. According to the announcement from the platform, the new feature offers users transacting with Solana-based tokens such as <strong>SOL</strong>, <strong>USDC</strong>, and <b>USDT</b> the option to pay transaction fees with the transacting token instead of the native token. The platform will soon start supporting more tokens.</p>
<p>This feature also means that users can bridge tokens from Ethereum to Solana for use in <strong>Neon EVM</strong> ecosystem Dapps or services without the need for the <strong>NEON</strong> token.</p>
<p>The foundation&#8217;s director, <strong>Marina Guryeva</strong>, said in her statement,</p>
<p>We are excited to bring this significant development to the Neon EVM. This progress strengthens our commitment to providing unique flexibility to Dapps and lower transaction costs and convenience to users.</p>
<blockquote><p>You might like: <a href="https://coinengineer.net/blog/what-is-solana-where-can-we-sol-coin/" target="_blank" rel="noopener"><em><strong>What is Solana? Where can we buy $SOL coin?</strong></em></a></p></blockquote>
<h2>The Birth of Neon</h2>
<p>Neon EVM opened to access in <strong>July</strong>, allowing developers to create Ethereum-specific applications on Solana, and high-speed blockchain offered more scaling opportunities.</p>
<p>Neon’s application works as a smart contract built on top of <strong>Solana</strong> to deploy <strong>Ethereum EVM</strong>, something that was not previously possible on the network. The company aims to expand and grow its ecosystem by integrating more tokens in 2024.</p>
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<p>The post <a href="https://coinengineer.net/blog/neon-evm-to-use-sol-instead-of-local-token/">NEON EVM To Use SOL Instead Of Local Token</a> appeared first on <a href="https://coinengineer.net/blog">Coin Engineer</a>.</p>
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