Discover how USDY, a yield-bearing stablecoin from Ondo Finance, offers secure, regulated returns backed by US Treasuries across multiple blockchains.

, which are crypto assets pegged to a major fiat asset, have gained tremendous popularity and are helping investors deal with the typical volatility of the market. For many years, stablecoin cryptocurrencies have been used for payments, principal value storage, B2B transactions and more. However, traditional stablecoins have always lacked the ability to generate yield. These assets are fixed at a certain rate (e.g., $1) and, due to inflation, they don’t protect against your funds’ value erosion. 

 have started to gain traction over the past several years. These "new generation" stablecoins, unlike their traditional counterparts, not only provide rate stability but also generate yields, growing your investment over time. One of the leading assets among yield-bearing stablecoins is US Dollar Yield (USDY), issued by Ondo USDY LLC, part of 

Backed by low-risk traditional finance (TradFi) reserves, USDY generates yields and is a fully composable asset that can be used throughout the DeFi ecosystems of multiple blockchains. The reserves and issuance of the stablecoin are also subject to high regulatory controls. In the world of yield-bearing stablecoins, USDY is among the top choices in terms of popularity, regulation and security.

What is the Ondo US Dollar Yield (USDY) Token?

 (USDY) is a yield-bearing stablecoin offered by Ondo USDY LLC, part of the Ondo Finance DeFi solutions provider. 

USDY’s value tracks that of the US dollar, and it’s backed by Treasury bills and demand deposit reserves. The coin issuer’s parent company, Ondo Finance, specializes in institutional-grade crypto solutions. Ondo aims to make on-chain institutional-grade finance tools and infrastructure accessible to anyone.

USDY was launched in August 2023. As of April 2025, the stablecoin has become available on 

 — a level of multichain coverage that few other stablecoins can match.

While USDY’s price tracks the US dollar’s, its rate is typically somewhat higher than $1 because yields earned by each unit of the stablecoin are added to it, increasing its nominal value.

 (RWAs), primarily Treasury bills, although some portion of the reserves may also be represented by bank demand deposits. Both of these financial asset types are considered cash equivalents.

To ensure the Ondo ecosystem's security, Ondo backs each $100 equivalent of USDY with reserves worth $104, maintaining a 4% overcollateralization rate at all times.

Ondo Finance takes the transparency of USDY seriously. The company has established a bankruptcy-remote mechanism, with a separate corporate entity controlling the issuance and oversight of the stablecoin in various ways, including a board of directors with an independent director, and segregation of assets and reporting from Ondo.

USDY is a fully composable asset that can be used in the DeFi ecosystems of its host blockchains for various purposes, such as collateral, 

USDY provides several significant benefits for its holders. First, it allows eligible individual and institutional investors to earn dollar-denominated yield. This is in contrast to traditional stablecoins, which provide no yield opportunities at all. While other yield-bearing stablecoins also generate returns for holders, some of these pay the yields in volatile cryptocurrencies, rather than high-quality assets.

Thanks to its dollar peg, USDY offers both yield and relative stability. Additionally, it’s fully composable, creating opportunities for use across various DeFi protocols. USDY is available on seven blockchains, providing access to more DeFi opportunities than most yield-bearing stablecoins.

The coin may also be used for passive holding, growing in value over time as yields accrue. In this capacity, USDY represents a good low-risk, on-chain investment opportunity.

Finally, USDY’s overcollateralization and backing by high-quality TradFi assets, Treasury bills and demand deposits make it one of the most secure yield-bearing stablecoins on the market.

How does Ondo US Dollar Yield (USDY) work?

Individuals and institutional entities need to undergo an onboarding process to acquire USDY, during which they submit relevant identity, legal and tax documents. Ondo diligently applies 

 (AML) checks in order to adhere to US securities laws, the Investment Company Act of 1940 and other relevant regulations.

US and UK residents cannot apply to buy USDY, although you may be eligible if you’re a US or UK citizen and reside abroad.

If your application is approved, you can be issued USDY 40 to 50 days after your initial deposit date, although you’ll start earning yield from the first day of your investment. The minimum amount for investment or redemption is $500. You can buy USDY from Ondo using the 

 stablecoin. US dollar wire transfers are also supported for amounts over $100,000.

Redemptions are only transferred in US dollars to bank accounts outside the US. You can redeem your USDY investment at any time, and the typical timeline to receive your funds is about 2–3 business days from the date of your request.

USDY accrues yield daily. The stablecoin’s yields are structured not to incur any US federal tax obligations. Ondo doesn’t charge any performance or management fees for USDY yields. However, the company earns income from a portion of yields generated by the underlying assets backing USDY.

As noted earlier, USDY’s yields accrue to each unit of the token. Therefore, the value of one USDY is usually above $1. For instance, the average value of USDY as of the time of this writing (Apr 30, 2025) is $1.11.

For investors who prefer a fixed $1 rate for the stablecoin, Ondo offers the rebasing version, called rUSDY. Yields for rUSDY are paid to your wallet in the form of additional tokens by increasing the supply of the crypto, while the principal remains at (or very close to) $1. This is known as rebasing. USDY and rUSDY are freely convertible between each other.

The rebased version of the coin might be useful to those who need to ensure rate stability (for example, for B2B payments of agreed-upon contractual amounts) while also earning yields from their investments.

 as a swap pair with the USDT stablecoin.

USDY boasts numerous benefits for investors — low-risk yields from high-quality traditional assets, wide multichain coverage, regulatory compliance, transparency, composability and rate stability. The combination of all these benefits is quite rare in the crypto market, and the investor community is definitely taking note: USDY is already the third-highest-ranked yield-bearing stablecoin by market cap as of late April 2025. 

Since the yield-bearing stablecoin niche is expanding, the advantages of the USDY are likely to attract further interest, both among the institutional crowd and with individuals keen to access high-quality, institutional-grade crypto products.

Intermediate

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What is Ondo US Dollar Yield (USDY) and how does it work?

Discover the 7 top Sui meme coins in 2025, from MIU to HIPPO, as they gain traction with fast growth, strong communities, and unique use cases.

 blockchains, have continued to rally as investors make bold moves with renewed risk appetites. As a 

 blockchain, Sui has continued to attract crypto enthusiasts — especially meme coin lovers, who appreciate the platform's speed and affordability.

Recent surges in trading volumes and market caps of SUI meme coins — such as MIU, LOFI and BLUB — highlight growing investor interest. For instance, BLUB experienced an 88% increase in just 24 hours from Apr 22–23, 2025, contributing to the broader rally of SUI as its price surged over 63% in April 2025.

These coins often incorporate unique themes and philanthropic efforts, such as HIPPO's wildlife conservation donations, that foster strong community support.

Let's look at the top Sui meme coins making waves in the crypto market.

​Sui-based meme coins are rapidly gaining traction due to a combination of technological advantages and vibrant community engagement. The 

 parallel transaction execution and unique gas pricing mechanism enable ultrafast transaction speeds and minimal fees. This makes Sui an ideal platform for the high-volume, speculative trading that meme coins often entail. Sui’s scalability and secure Move programming language attract developers seeking efficient and safe environments for launching their new tokens.​

 (DeFi) further supports meme coin growth, providing avenues for increased utility beyond mere speculation. Following are the top ​Sui meme coins based on market cap, as of Apr 30, 2025.

 is currently the leading ​Sui-based “cat meme coin,” with a market cap of $70.6 million. It draws in investors with its fun, energetic branding and community-driven spirit. MIU also features expanded utility beyond its cute cat hype, allowing users to access DeFi and 

 (NFT) opportunities on its platform. It also promotes long-term commitment via its 

 process, as stakers can earn up to 15% APR with 12 months of staking.

The project frequently launches community events and contests, strengthening its dedicated holder base. MIU’s success highlights the growing appetite for meme tokens on scalable blockchains like Sui. Its playful appeal and strong tokenomics have positioned it at the top of the ​Sui meme sector. MIU is a 

 coin: its total supply is 9 trillion tokens, of which 55% are dedicated to a 

, 15% allocated to staking rewards, 15% to ecosystem development, 10% to community and 5% reserved for the team.

MIU continues to ride the wave of growing meme adoption, aiming to become a lasting force within the Sui ecosystem and beyond.

With a market cap of $35.86 million and over 50 million app users, 

 (MEMEFI) is an ambitious Telegram project that blends the world of memes with SocialFi utilities. Unlike typical meme coins that rely solely on hype, MemeFi aims to engage Telegram users with an interactive web3 meme-themed clicker game that offers daily giveaways and incentivizes ad creations for enterprises.

Its native token, MEMEFI, is more than just a mere meme coin, and has use cases for 

You can trade MEMEFI on Bybit’s Spot trading platform (

 is a rising ​Sui meme coin known for its chill "lofi vibes" branding that resonates with a younger, internet-native audience. Beyond its fun appearance, LOFI has demonstrated solid growth by tapping into communities through music, lifestyle and crypto.

The project also ties in eco-conscious initiatives, focusing on providing clean water sources for global communities and addressing the impact of ocean waste and plastic on marine health, giving it a mission-driven angle not typically seen in meme coins. Besides direct donating, minting LOFI Mystic Yetis NFTs also helps contribute to the cause, with 20% of the proceeds going to the LOFI Foundation.

Lofi’s accessible vibe and shrewd marketing strategy continue to attract new supporters, helping LOFI to stand out in the increasingly crowded ​Sui meme scene. 

 (commonly known as HIPPO) is a community favorite in the ​Sui meme world. The HIPPO token mixes humor with philanthropy, donating a portion of its revenues to wildlife conservation initiatives, starting with Thailand’s Khao Kheow Open Zoo that houses Moo Deng, the adorable pygmy hippopotamus that inspired this viral meme coin. This feel-good approach has helped build an extremely loyal community around the HIPPO token.

Sudeng’s dual focus on memes and real-world impact gives it staying power. The project’s growing community engagement ensures that HIPPO remains relevant in a fast-moving crypto space.

You can buy HIPPO as a USDT Perpetual contract on Bybit (

 is making waves in the ​Sui meme coin ecosystem with its aquatic-themed branding and integration of meme culture. Known for its friendly, community-first approach, BLUB frequently hosts giveaways, meme competitions and liquidity incentives to maximize engagement.

The coin’s fun branding and its steady increase in active users have helped BLUB climb the ranks quickly. Its strong online presence and viral meme campaigns have attracted crypto enthusiasts who are looking for the next breakout meme project. As it continues building partnerships and expanding its reach, BLUB demonstrates strong potential to become a staple in the Sui meme scene.

 (TOILET) is a rising meme coin on ​Sui that embraces humor and absurdity in a way that resonates with crypto culture. Its branding focuses on being intentionally ridiculous, tapping into the viral tone of meme coins that don't take themselves too seriously.

The project’s organic, community-driven growth has made it one of the most talked-about newer entrants in the ​Sui meme space. Frequent meme contests, community raids and spontaneous airdrops help fuel engagement. One of its biggest events is the distribution of Toilet Club Alpha Pass NFTs to the top 100 TOILET holders (as indicated by the Apr 21, 2025 screenshot), which gives holders access to all of Toilet Dust's projects and events and the right to vote on Toilet Dust's future development.

Despite its humorous façade, TOILET’s strong holder base and active marketing tactics suggest it may remain relevant as Sui’s meme coin ecosystem continues to expand.

 (FUD), another top project in the ​Sui meme coin category, is built around an adorable pug mascot battling FUD (fear, uncertainty and doubt) in the crypto world. With a humorous tone and clever marketing, FUD has built a vibrant community of holders who embrace both its memes and its mission.

FUD leverages trending memes, contests and airdrop rewards to keep its community marketing fresh and viral, helping it steadily grow in popularity. Its deep integration of ​Sui apps like 

 — as well as its deflationary tokenomics, whereby 20% is dedicated to token burning — makes FUD a strong contender for future growth in the meme space.

Buying ​Sui meme coins on Bybit can be exciting. Nevertheless, it's important to recognize the risks and rewards involved. 

, and their prices can swing wildly and quickly, offering chances for sizeable gains as well as sudden losses.

Always approach these investments with caution, never risking more than you can afford to lose. That said, the fast-growing ​Sui ecosystem and meme culture can create rewarding opportunities for traders who stay informed and manage their risk properly.

Currently, you can buy MEMEFI as a Spot pair and Perpetual contract on Bybit. HIPPO is also available as a Perpetual contract. This gives traders the flexibility to choose the type of exposure they want — simple buying and holding with Spot, or leveraged trading with Perpetual contracts.

Spot trading is the most straightforward way to buy ​Sui meme coins, as you directly purchase the coin and own it outright. On Bybit, the process is simple. After choosing the Spot pair, such as MEMEFI/USDT, select your preferred order type — e.g., 

(you set the price you're willing to pay) — and confirm the trade to make your purchase.

Spot trading is ideal for beginning traders, as well as anyone who prefers a more straightforward, lower-risk approach as compared to 

Buying Sui meme coins as Perpetual contracts

Bybit offers MEMEFI and HIPPO as USDT Perpetual contracts for those seeking more advanced trading options. With Perpetual trading, you don’t own the actual coins; instead, you speculate on their price movement. Key points to understand include the following:

Perpetual contracts can offer significant rewards, but require a strong understanding of 

. Always start with lower leverage and practice solid trading discipline.

Whether you prefer the simplicity of Spot or the strategy of Perps, Bybit provides flexible ways to explore the booming ​Sui meme coin market.

The rapid rise of meme coins on the Sui blockchain highlights the power of community-driven projects when they’re paired with innovative technology. Thanks to Sui’s high-speed transactions, low fees and developer-friendly environment, Sui meme coins like MIU, LOFI and HIPPO have found a perfect ecosystem in which to thrive. Each project brings something unique to the table — whether humor, philanthropy, DeFi innovation or pure meme culture — creating a vibrant and diverse ​Sui meme coin landscape.

Beginner

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7 top Sui meme coins to pay attention to in 2025

Mastercard has partnered with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. 

Daily top performer — Drift Protocol (DRIFT)

The S&P 500 rose 0.58% for a sixth straight gain as markets await key inflation and GDP data, alongside earnings from Meta and Microsoft. Gold fell 0.60% to $3,323 as a stronger USD and improved risk appetite limited safe-haven demand. Prices remained range-bound, with key levels at $3,260 support and $3,400 resistance. The Coindesk Indices, which tracks the broader crypto market, rose 0.51%, with Bitcoin and Ether up 0.55% and 1.31%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is DRIFT, which surged 28.7% following the introduction of Amplify, Drift's tool for simplified leverage that boosts yields with increased risk.

Drift Protocol (DRIFT), founded in 2021, is a decentralized exchange (DEX) on Solana offering spot trading, perpetuals, and market-making tools. Drift v2 builds on this by improving trading efficiency, security, and user-centric features, incorporating community feedback to enhance the platform. 

 by Drift automates leveraging strategies for higher yields by recursively borrowing against yield-generating assets. It simplifies the process, making leverage accessible with one click. However, risks such as liquidation, changing interest rates, and oracle failures exist. Amplify is designed for users with JLP or SOL LSTs seeking to boost yields with minimal complexity but comes with increased risk.

Check out the latest prices, charts, and data of 

 with Circle, Paxos, and Nuvei to allow 150 million merchants to accept stablecoin payments. The company aims to make it easier for both merchants and consumers to use stablecoins, promoting blockchain technology's mainstream adoption. Additionally, Mastercard has launched a crypto payments card with MetaMask, enabling self-custodied fund transactions with fast processing speeds. Stablecoin market growth is expected to reach $3.7 trillion by 2030.

Yesterday, Bitcoin spot ETFs saw $43.9 million in net outflows, all from non-GBTC funds, while GBTC recorded zero flows.

, a Layer-1 blockchain focused on AI agents and user-owned IP, is offering a limited-time free ticket to its Summit Series for the next 18 hours. Users can also join the Camp Points Program by completing simple tasks to earn points, which may qualify them for a future $CAMP token airdrop. A minimum of 30 points is required to be eligible. Daily check-ins earn bonus points. VPN use may be needed for access.

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Mastercard partners with Circle, Paxos, and Nuvei to enable stablecoin payments for 150 million merchants

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. 

Gold's meteoric rise in 2025 is closely tied to broader macroeconomic factors, particularly the performance of the US dollar and global stock markets. A weakening dollar, combined with disappointing equity returns, has created a fertile environment for gold to thrive. With gold priced in dollars, any depreciation in the US currency enhances gold's relative value, attracting both domestic and international investors.

Year-to-date, gold has gained 26%, while the S&P 500 has declined by 11%. This inverse relationship underscores gold's role as a traditional 

 during periods of economic uncertainty and market volatility.

Adding to the bullish momentum, inflationary pressures are remaining persistent, further eroding the purchasing power of fiat currencies and boosting gold's appeal as a hedge against currency devaluation.

Geopolitical uncertainty and tariff risks

Trade policies under U.S. president Trump have reignited fears of global tariff wars. The uncertainty surrounding tariffs has prompted investors to seek refuge in gold, considered the "global currency" during times of economic disruption. Concerns about tariffs on key commodities, including gold itself, have added another layer of complexity to market dynamics.

Potential tariffs on gold could mirror the recent surge in copper prices, as supply constraints and increased demand drive costs higher. Exporters and importers, wary of volatile exchange rates, are increasingly opting to hold gold instead of more vulnerable currencies like the Canadian dollar (CAD), Japanese yen (JPY), euro (EUR), Chinese yuan (CNY) and Mexican peso (MXN).

By serving as a neutral reserve asset, gold provides much-needed stability amid shifting trade patterns and geopolitical tensions. As global commerce adapts to new tariff structures, the demand for gold as a "store of value" is likely to intensify.

Interestingly, the ongoing trade war dynamics suggest that for the first time in decades, gold may be emerging as the 

. As U.S. imports become more expensive due to tariffs, exporting countries earn less revenue and, consequently, reduce their investments in US Treasuries. This dynamic has led to selling pressure on Treasuries, weakening their traditional role as a safe-haven asset — and with Treasuries losing their appeal, investors are increasingly parking their capital in gold, reinforcing its unique position during this period of heightened trade tensions.

From a technical standpoint, gold's rally appears robust. The 

 (MACD) indicator remains positive, signaling that bullish momentum is intact. Notably, the 12-day moving average is above the 26-day moving average, confirming that short-term price action is outpacing longer-term trends.

 (RSI) stands at 60, indicating that while gold is nearing overbought territory, momentum hasn’t yet faded. This technical setup suggests that gold could continue its upward trajectory in the near term, especially if macroeconomic and geopolitical factors remain supportive.

The next upside technical target is pegged at $3,500, with analysts projecting a potential move toward $4,000 by year end if current momentum holds.

China's role in supporting gold prices cannot be overstated. Amid a deepening economic slowdown and strict capital controls, Chinese investors are increasingly turning to gold to preserve their wealth. With over 1.4 billion citizens seeking alternatives to a weakening yuan, demand for gold within China has surged.

This trend is reflective of a broader shift in emerging markets, whereby gold is viewed not just as an investment but as a critical safeguard against economic instability and currency depreciation. Intensifying Chinese demand provides an additional tailwind to global gold prices.

While gold commands the spotlight, silver presents an intriguing complementary opportunity. Historically correlated with gold, silver remains significantly below its ATH of $50, which was set in 2011. Given the momentum in precious metals, silver's relative undervaluation offers considerable upside potential for investors seeking diversification.

With industrial demand also supporting silver prices, silver could benefit from both safe-haven inflows and economic recovery scenarios, making it a compelling addition to a diversified precious metals portfolio.

In conclusion, gold's impressive surge to record highs is being driven by a combination of macroeconomic headwinds, geopolitical uncertainty and strong technical indicators. Trade policy risks, the weakening dollar and growing demand from China reinforce gold's role as a premier safe-haven asset.

Because technical momentum remains positive and investor sentiment strong, gold appears well positioned to continue its ascent toward the $3,500 mark by year end. Investors seeking to hedge against economic instability and currency volatility will likely find gold — and potentially silver — to be attractive additions to their portfolios in 2025.

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Bybit X FXStreet Report: Gold could reach US$4,000 per ounce by 2025

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Altcoins

The Neon EVM is an Ethereum virtual machine (EVM) built on the Solana blockchain. Learn more about how it works in this article.

, Neon EVM emerges as a trailblazer, ingeniously integrating the scalability and liquidity of Solana with the robust infrastructure of Ethereum. This article will delve into the intricacies of Neon EVM, a platform that has revolutionized the deployment of Ethereum decentralized applications (

) by offering a seamless scaling solution on the Solana blockchain.

The platform's compatibility extends to popular Ethereum-based tools like 

, making the transition to Neon EVM even smoother for Ethereum developers.

The benefits of Neon EVM are manifold. It offers the ease of smart contract adaptation, the opportunity to be a first-mover on Solana and the scalability advantages of Solana's low gas fees and high transaction speeds. Moreover, it opens up access to Solana's burgeoning ecosystem, which includes SOL, native Solana assets (

But Neon EVM isn't solely about technical prowess; it also places a strong emphasis on governance. The platform operates on a fee-based economy, with its utility token, NEON, playing a pivotal role in governance. Upon its mainnet launch, governance will be managed by a decentralized protocol known as 

, providing a transparent and user-friendly process for proposing and voting on protocol improvements.

 in Q2 2021. The primary objective of NeonLabs is to merge the scalability and cost-efficiency and high throughput of Solana with the expansive ecosystem of Ethereum DApps, developers and end users. This initiative is driven by the core values of NeonLabs, which include openness, transparency, innovation and diversity.

Neon EVM aims to bridge the gap between the Ethereum and Solana ecosystems, leveraging the strengths of both to create a more efficient and scalable blockchain environment.

At its core, Neon EVM seeks to achieve its primary objective (described above) by providing a fully Ethereum-compatible environment on Solana, allowing Ethereum DApps to run seamlessly on the Solana blockchain without any need for reconfiguration.

Furthermore, Neon EVM aims to foster innovation and diversity in the blockchain space. By supporting familiar smart contract languages like Solidity and Vyper, as well as popular Ethereum-based tools like MetaMask and Truffle, Neon EVM makes it easier for Ethereum developers to transition to the Solana ecosystem — thus encouraging the development of new and innovative DApps.

Neon EVM uniquely brings the high throughput, rapid block speeds and cost-effective gas prices of Solana to Ethereum contracts. It communicates directly with Solana nodes to execute transactions on the Solana blockchain. The service comprises three primary components: Neon EVM, Neon Proxy and Neon DAO, each of which play a crucial role within the Neon Ecosystem.

The Neon EVM program is a smart contract deployed on the Solana blockchain. It receives Ethereum-style transactions and processes them on Solana, adhering to Ethereum's rules. These Ethereum transactions, directed toward the Neon EVM, are referred to as Neon Transactions, a subset of Ethereum's 

 serving as inputs for targeted Neon clients.

Neon Proxy is a key component that enables the porting of Ethereum DApps to Neon with minimal reconfiguration. It packages a Neon transaction into a Solana transaction. Neon operators run these Neon Proxy servers, facilitating the smooth execution of Ethereum-like transactions on Solana. The operators accept payments in NEON and make payments within the Solana Ecosystem in SOL.

 by providing custodial services and guiding future research and development. It operates as a series of contracts deployed on Solana, offering a governance layer to control the functionality of Neon EVM. 

 participants use a web interface to allow the community (i.e., NEON token holders) to suggest and vote on proposals that will affect the functioning of the Neon EVM.

Neon EVM provides several tools and integrations, including NeonScan, NeonPass and Neon Faucet. 

 serves as a block explorer and analytics platform for the Neon EVM ecosystem. It allows users to examine and analyze Neon transactions within the Solana blockchain.

NeonScan users can track and investigate mainnet transactions, blocks and tokens associated with the Neon EVM. It provides a transparent view of the network's activity to verify transactions, monitor token movements and understand block information.

 is a tool that facilitates the transfer of 

 tokens between Solana and Neon EVM. It's important to note that each transaction results in a gas fee, payable in either NEON or SOL tokens (depending upon the originating network). For instance, if you're transferring tokens from Neon EVM to Solana, you'll need to execute two transactions — one on the Neon EVM network (incurring a fee in NEON) and another on the Solana network (incurring a fee in SOL).

To successfully transfer ERC-20 tokens, the following steps must be taken.

Ensure you have an account on the network from which you're transferring, with a sufficient balance of the token you wish to move. More specifically,

Utilize noncustodial browser-based wallet applications, such as MetaMask and Phantom, which are currently compatible with NeonPass.

Access the NeonPass page via a browser that has your wallet applications installed.

 is a service designed to assist users in obtaining NEON or other ERC-20 test tokens. These tokens are primarily used for testing applications on the 

By providing test tokens, Neon Faucet enables developers to test their applications in a risk-free environment before deploying them on the main network. This helps ensure the functionality and security of applications, contributing to a more robust and reliable Neon EVM ecosystem.

To use Neon Faucet, users need to connect their wallet to the service.

Neon EVM first debuted in Q2 2021. It launched its pre-alpha Solana DevNet, which introduced Neon EVM proof-of-concept as well as Neon EVM stabilization. A year later, Neon EVM entered its alpha stage, in which it tested key DApps, passed a security audit and offered ERC-20 support. It was also during this stage that NeonPass and NeonScan were launched.

In Q2 2023, Neon EVM was production-ready with early DApps deployment. The Neon EVM team launched a closed beta, 

, on Jun 22, 2023. Neon EVMβ functions just like Neon EVM but with one key difference: the support for fee-free transactions. It rolled out its governance feature with the establishment of Neon DAO and integrated with 

, Pyth Network and Chainlink. In addition, it also whitelisted operators.

Moving forward, Neon EVM intends to grow the Neon ecosystem, introduce interoperability with Solana smart contracts, launch the Grants program and have a decentralized operators’ network in place by the end of 2023. Neon EVM then aims to feature full compatibility by 2024 and become one of the top industry ecosystem tools and services. 

NEON is the native token of Neon EVM. It primarily serves dual purposes, functioning as a 

As a utility token, NEON is used to facilitate transactions on Neon’s platform. This includes transfers, DApp deployment and interaction with DApps, mirroring the role ETH plays in the Ethereum ecosystem. 

When a user wishes to execute a transaction, they engage a Neon operator. This operator's role is twofold: they encapsulate the Neon transaction into a Solana transaction for iterative execution on a Solana cluster, and they bear the cost of each iteration of the Neon transaction. This system is designed with the user experience in mind, aiming to streamline the payment process for Neon transactions. 

For each iteration of a Neon transaction, the operator disburses SOL tokens to both the Solana validator and the Neon DAO Treasury. The payment made to the Neon DAO Treasury is recognized as the Neon EVM platform fee. Then, in order to compensate the operator for these costs, the Neon user remits payment in NEON tokens. This payment is comprehensive, encompassing the Solana validation fee, the Neon EVM platform fee and a commission for the operator's services.

As a governance token, NEON empowers its holders to participate in the decentralized community governance of the Neon DAO. NEON holders can propose changes to the Neon protocol and cast votes on proposals that impact the Neon protocol.

The NEON token made its debut on Jul 18, 2023, with an initial price of $0.180649. On the day it launched, it soared to its highest recorded value of $0.244256, only to experience a sharp decline to its lowest point of $0.118762 the following day (Jul 19, 2023).

 for the NEON token. They forecast that the token's value will ascend to $0.27 by the close of 2023. Further growth is anticipated, with its price expected to double to $0.44 in 2025 and rise to $0.65 in 2028. By 2030, their analysts predict that the NEON token will surpass the $1 threshold, reaching a value of $1.29.

While these predictions paint an optimistic picture for the future of the NEON token, it's crucial to remember the inherently volatile nature of cryptocurrencies. This volatility can make it challenging to fully trust such forecasts. Therefore, potential investors are always advised to approach with caution, conducting 

 and considering their financial situation and risk tolerance before making any investment decisions in the cryptocurrency market.

Looking to trade NEON tokens? Look no further — as Bybit has recently listed the NEON/USDT Spot trading pair on its platform. To get started, you’ll need to first create a Bybit account, fund it with cryptocurrency and navigate to the 

To celebrate this listing, Bybit is also holding 

 that give both new and existing users the opportunity to earn more NEON tokens.

The first event is exclusively for new users, who can deposit and share a 50,000 USDT prize pool. In order to be eligible, you’ll need to complete the following two steps, from now through Jul 31, 2023:

The first 1,000 new users to complete these two steps will each receive 50 USDT.

The second event is for existing users, who can deposit and share a 25,000 USDT prize pool. 

If you’re already an existing Bybit user before Jul 17, 2023, 10:00AM UTC, you can earn 10 USDT by depositing a minimum of 1,500 NEON, or depositing 100 USDT and buying NEON using your Bybit account.

Please note that rewards will be distributed on a first come, first served basis to 2,500 users.

Neon EVM is a unique project that aims to bring the scalability and low transaction costs of Solana to the Ethereum ecosystem. It has a clear use case and solves a real problem in the blockchain space, which is a positive contribution. 

Furthermore, NEON, the native token of Neon EVM, serves as both a utility and governance token. It's used to pay for transactions and allows holders to participate in the governance of the platform. Price predictions also show that NEON’s value is likely to grow in the long term. 

However, the price of cryptocurrencies can be highly volatile and often be influenced by broader market conditions. Investors are advised to look at the overall trend in the cryptocurrency market when making investment decisions. 

Neon EVM represents a significant advancement in the blockchain space, bringing together the strengths of two prominent ecosystems — Ethereum and Solana. By providing a fully Ethereum-compatible environment on Solana, Neon EVM allows Ethereum DApps to leverage the scalability, high throughput and low transaction costs of Solana, thereby creating a more efficient and user-friendly blockchain experience.

The project's commitment to openness, transparency, innovation and diversity — as well as its support for popular Ethereum-based tools and languages — positions it as a promising platform for developers and end users alike. With its utility and governance token, NEON, playing a pivotal role in the platform's operations and governance, Neon EVM also offers potential opportunities for investors.

However, as with any venture in the rapidly evolving and inherently volatile world of blockchain and cryptocurrencies, it's crucial to conduct thorough research and consider the associated risks. The future of Neon EVM, while promising, is subject to the broader trends and developments in the blockchain space.

Neon EVM (NEON): Scaling Ethereum DApps on Solana

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