The Solana-powered Neon EVM and Web3 knowledge lake and question engine Subsquid have introduced an upcoming collaboration that may make it easier for dApp builders to entry the on-chain knowledge of Neon EVM. The collaboration is the primary part of Subsquid’s a lot anticipated Solana blockchain growth.
Subsquid is a cutting-edge question engine and decentralized knowledge lake designed with scalability and usefulness in thoughts. A protected substitute for centralized infrastructure corporations akin to API suppliers is obtainable by Subsquid.
Its companions embody Manta Community, Parity, and Enjin. It offers blockchain indexing, app growth, and analytics. With Neon EVM’s help, the community will now assist Solana along with Ethereum, its L2s, and Substrate (Polkadot and Kusama).
Subsquid will combine Neon EVM on-chain knowledge into its decentralized knowledge lake, which is secured by ZK proofs, as a part of the settlement. Builders can have a better time growing dApps on Neon on account of this quick access to present info.
A sensible contract constructed on Solana, Neon EVM offers an atmosphere solely appropriate with Ethereum. It offers Ethereum options, akin to infrastructure and instruments, accounts and signatures, and token requirements (ERC-20 tokens), with none of the drawbacks which have traditionally include Ethereum, akin to excessive gasoline prices, a scarcity of liquidity, and protracted wait occasions.
Neon EVM provides quicker transactions, diminished prices, extra liquidity, scalability, and unique capabilities not discovered on Ethereum because it runs on Solana.
Subsquid’s roadmap for the primary quarter of 2024 included the important thing step of increasing to the Solana community. Subsquid nonetheless goals to disclose additional upgrades this 12 months, together with because the launch of a mainnet, Cosmos assist, and permissionless dataset submission, even whereas Solana growth is crossed off its to-do record for 2024.
