On November 1st, in their blog, the Neon EVM team announced a collaboration with deBridge's Infrastructure as a Service (IaaS), enabling cross-chain compatibility between the EVM and SVM ecosystems.
The partnership between deBridge and Neon EVM is a significant step towards functional compatibility of different blockchain ecosystems, commented Marina Guryeva, Director of Neon Foundation.
Neon EVM is a virtual Ethereum machine that operates as a smart contract on the Solana network. With Neon EVM, developers can deploy decentralized applications on Ethereum without the need to modify their code.
DeBridge is a protocol that facilitates decentralized data exchange between blockchain networks.
Infrastructure as a Service (IaaS) from deBridge offers the following capabilities:
- Data exchange between EVM and SVM.
- Secure asset transfer from other networks.
- Asset storage between networks using dePort.
- Minimal slippage regardless of order size.
- The ability to trade local assets without liquidity lockup risks on the cross-chain DLN exchange.
Earlier, Neon EVM also launched the decentralized autonomous organization Neon DAO on the Solana mainnet.
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