Neon EVM, powered by Solana, and Subsquid, a Web3 data lake and query engine, have announced a joint effort to ease dApp developers' access to on-chain data of Neon EVM. This collaboration marks the initial phase in Subsquid's much-anticipated expansion into the Solana blockchain.

Subsquid is an advanced query engine and decentralized data lake designed for scalability and utility, offering an alternative to centralized infrastructure providers like API services. Partnerships with Manta Network, Parity, and Enjin highlight Subsquid's focus on blockchain indexing, app development, and analytics. With the integration of Neon EVM, Solana will be supported alongside Ethereum, L2s, and Substrate.

Under the agreement, Subsquid will incorporate Neon EVM's on-chain data into its decentralized data lake, secured by ZK proofs, to streamline dApp development on Neon by providing ready access to existing information.

Neon EVM, a smart contract platform on Solana, offers full compatibility with Ethereum, providing solutions like infrastructure, accounts, token standards, and more, without the common Ethereum-related issues such as high gas costs and slow transaction times. By operating on Solana, Neon EVM enables faster transactions, lower costs, enhanced liquidity, scalability, and unique features not typically found on Ethereum.

Subsquid's roadmap set for the first quarter of 2024 included expansion into the Solana network. While crossing off the Solana expansion from its 2024 objectives, Subsquid plans to unveil additional enhancements this year, including mainnet launch, support for Cosmos, and permissionless dataset submission.