Neon EVM today announced an integration with deBridge to connect the Solana mainnet to Ethereum and other EVM-compatible chains, such as BNB, Polygon, Arbitrum and Optimism. So users can exchange native tokens between Solana and EVM-based networks.
With this integration, Neon EVM leverages deBridge’s core functionalities, such as direct asset transfer between chains, cross-chain communications and asset custody. The solution went through a test period from January 1 to 30, with more than $150 million traded across nine blockchains.
“Adding the right tools and building distributed infrastructure support increases the resilience and efficiency of blockchain ecosystems. This partnership does just that: it fosters the growth of a multi-chain ecosystem, provides developers with seamless access to a global liquidity network, and fosters innovation within the EVM ecosystem,” said Marina Guryeva, CEO of Neon Foundation.
Neon EVM is an Ethereum virtual machine that works as a smart contract on Solana and accepts transaction requests via public PRC endpoints.
This collaboration between Neon EVM and deBridge aims to address the challenges associated with bridging and exchanging tokens between different chains. This initiative is expected to improve the user experience by removing the complexity associated with traditional token wrapping and multiple intermediate steps.
For developers, this integration provides a direct connection to Ethereum’s significant Total Value Locked (TVL), which stands at over $42 billion at the time of writing, and facilitates interoperability with other EVM-compatible chains. The partnership is designed to enrich the Neon EVM DeFi ecosystem by providing it with liquidity from both Ethereum and Solana networks.
Additionally, the partnership brings deBridge’s cross-chain solutions and Infrastructure-as-a-Service (IaaS) to Neon EVM developers, with tools such as dePort for asset custody across networks and services for secure cross-chain data transfer.
Alex Smirnov, CEO of deBridge, says Neon EVM understood the vision and value of deBridge IaaS from day one. “We are extremely excited to see what the broader DeFi ecosystem will unlock from Neon EVM, now that builders and users can leverage and cross-compose Neon EVM using any chain,” concludes Smirnov.