Neon
NEON
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
The overall assessment of NEON (Neon EVM) is significantly constrained by severe data gaps and low scores across measurable criteria. Three of the six evaluation sections—Active Development, Team and Governance, and Security and Audit History—could not be scored (-1.0) due to search cross-contamination with unrelated entities sharing the 'Neon' brand (such as Neon serverless PostgreSQL, the Neon call-recording app, and Neon Cyber). Among the evaluable sections, Tokenomics (3.5/10) exhibits substantial centralization risks with ~39% insider allocations, conflicting unlock reporting, and weak token utility. Market and Use Case (3.0/10) highlights low traction, reflected in a tiny market capitalization of ~$5.81M and thin liquidity ($164K 24h volume) amid fierce EVM competition. Community Support (2.0/10) lacks evidence of organic engagement or active governance. With weights proportionally redistributed across the three valid sections (Tokenomics: 40%, Community: 30%, Market: 30%), the resulting score is 2.90.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Neon (NEON)
Neon (NEON) is the utility token for Neon EVM, an Ethereum Virtual Machine execution environment operating on the Solana blockchain. Developed by Neon Labs, the platform is designed to allow Solidity smart contracts to run on Solana's high-throughput parallel architecture. The NEON token is integrated into a documented decentralized autonomous organization (DAO) framework where token holders can stake tokens to participate in governance votes.
The token has a maximum supply of 1,000,000,000 units, with an initial funding raise totaling $45.00 million. Distribution of the token supply reflects significant insider concentration, with approximately 39% allocated to insiders and 5% designated for public sale. The token structure lacks dynamic deflationary mechanisms such as token burns or buyback programs, and exhibits limited evidenced staking or protocol revenue-sharing features.
Neon faces market adoption challenges within a competitive virtual machine sector, characterized by a market capitalization of approximately $5.81 million and 24-hour trading volume around $164,000. The project also exhibits data transparency limitations, including conflicting unlock metrics across tracking platforms (reporting between 23.95% and 93% unlocked as of July 2025) as well as limited verifiable documentation regarding team operations, ongoing technical development, and smart contract audit history.