Subsquid to Collaborate with Neon EVM for Expansion into Solana Blockchain
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 enlargement.
Subsquid is a cutting-edge question engine and decentralized knowledge lake designed with scalability and usefulness in thoughts. A secure substitute for centralized infrastructure corporations resembling API suppliers is obtainable by Subsquid.
Its companions embrace Manta Community, Parity, and Enjin. It gives blockchain indexing, app improvement, and analytics. With Neon EVM’s help, the community will now help 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 may have a better time creating dApps on Neon on account of this quick access to current info.
A sensible contract constructed on Solana, Neon EVM gives an atmosphere totally appropriate with Ethereum. It gives Ethereum options, resembling infrastructure and instruments, accounts and signatures, and token requirements (ERC-20 tokens), with none of the drawbacks which have traditionally include Ethereum, resembling excessive gasoline prices, an absence of liquidity, and protracted wait occasions.
Neon EVM affords quicker transactions, lowered 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 help, and permissionless dataset submission, even whereas Solana enlargement is crossed off its to-do checklist for 2024.
