Neon EVM is engaged on letting customers pay transaction charges with tokens apart from the platform’s native token NEON. This characteristic is at present stay on testnet and it is scheduled to go stay on Neon EVM’s devnet within the coming weeks, with mainnet help anticipated in Q1 2024.
Neon is an Ethereum-based sensible contract layer on Solana. The brand new characteristic give customers transacting in Solana-based tokens, corresponding to SOL, USDC and USDT, the choice to pay transaction charges within the transacting token reasonably than its native NEON token, based on a press release. The Neon DAO will think about which extra tokens to help sooner or later.
The initiative additionally means customers can bridge tokens from Ethereum to Solana to be used in Neon EVM ecosystem dapps or companies with out requiring the NEON token, simplifying the person expertise.
“We’re very excited to introduce this vital enhancement to Neon EVM,” Neon Basis director Marina Guryeva mentioned within the assertion. “This development reinforces our dedication to offering dapps with unparalleled flexibility and customers with decrease transaction prices and comfort.”
Fixing the ’empty tank’ drawback
Neon EVM’s multi-token transaction price funds are designed to assist tackle the frequent “empty tank” difficulty, the place customers might not be capable to make outgoing transactions from their crypto wallets with out first topping it up with a local token from one other pockets to cowl the transaction charges.
Moreover, the replace additionally permits dapps to cowl the charges, enabling software suppliers to supply fee-free transactions as a part of their service choices.
Neon EVM went stay in July, enabling builders to construct Ethereum-native functions on Solana, providing additional scaling alternatives by way of the high-speed blockchain. Neon’s implementation works as a sensible contract constructed on high of Solana to deploy Ethereum Digital Machine code — one thing not beforehand attainable on the community.