With the upcoming NEO 3.0 upgrade, the network speed will increase remarkably which will enhance the number of transactions per second (TPS). Currently, NEO's TPS is 1,000, which is already much higher Ethereum's or Bitcoin's TPS.

A sports-betting decentralized exchange (DEX)  known as Block Sports is built on the NEO blockchain. The platform wants to enable head-to-head betting functionality and formalize real-life wagers between two individuals on the NEO network.