Solana-powered Neon EVM and Web3 data lake and query engine Subsquid have announced an upcoming collaboration that will make it easier for dApp developers to access Neon EVM’s on-chain data. The collaboration is the first phase of Subsquid’s highly anticipated Solana blockchain expansion.
Subsquid is an advanced query engine and decentralized data lake designed with scalability and usability in mind. A secure alternative to centralized infrastructure companies such as API providers is offered by Subsquid.
Partners include Manta Network, Parity and Enjin. It offers blockchain indexing, app development and analytics. With the help of Neon EVM, the network will now support Solana in addition to Ethereum, its L2s and Substrate (Polkadot and Kusama).
Subsquid will integrate Neon EVM on-chain data into its decentralized data lake, which is secured by ZK-proofs, as part of the agreement. Developers will have an easier time developing dApps on Neon as a result of this easy access to existing information.
Neon EVM is a smart contract built on Solana and provides an environment fully compatible with Ethereum. It provides Ethereum solutions, such as infrastructure and tools, accounts and signatures, and token standards (ERC-20 tokens), without the drawbacks historically associated with Ethereum, such as high gas fees, lack of liquidity, and lengthy wait times.
Neon EVM offers faster transactions, lower fees, more liquidity, scalability, and exclusive capabilities not found on Ethereum because it runs on Solana.
Subsquid’s roadmap for the first quarter of 2024 included the key step of expanding to the Solana network. Subsquid is still aiming to unveil further upgrades this year, including the launch of a mainnet, Cosmos support, and permissionless data set submission, even though Solana expansion has been crossed off its 2024 to-do list.