Neon EVM Launches Feature to Pay Transaction Fees With Different Tokens on Testnet
Neon EVM, an Ethereum Virtual Machine on Solana, has announced its testnet support for several tokens as an alternative payment for gas fees.
JUST IN: Neon EVM is working on letting users pay transaction fees with different tokens
— Crypto Chiefs News (@CryptoChiefNews) November 17, 2023
According to an exclusive report by TheBlock on November 17, users can now utilize SOL and stablecoins such as USDC and USDT to cover transaction fees rather than the platform’s native token, NEON.
Furthermore, developers can bridge tokens from Ethereum to Solana for integration into the Neon EVM ecosystem’s decentralized applications (dApps) without requiring the NEON token.
This update provides users with various tokens for payment and simplifies the overall experience in the Neon EVM ecosystem.
The payment feature is set to go live on Devnet in the following weeks and on Mainnet in quarter 1 (Q1) of 2024.
Going forward, Neon decentralized autonomous organization (DAO) will determine whether Neon EVM will integrate additional support for more tokens as payment for transaction fees.
Marin Guryeva, the director of Neon Foundation, noted that the firm is excited to introduce a significant improvement to the Neon EVM platform.
She added that the new development would reinforce the platform’s commitment to providing dApps with unparalleled flexibility and users with lower transaction costs and convenience.
On July 17, 2023, Neon Labs introduced a technology that enables dApps, originally built on Ethereum, to operate on the Solana blockchain seamlessly.
Exciting news! Our mainnet has officially launched on @Solana Discover more at @TheBlock__ https://t.co/wG0gtKSdvE #NeonEVM #Solana #Etherum
— Neon (@Neon_EVM) July 17, 2023
Guryeva noted that Ethereum
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