Ethereum, as a pioneer in the blockchain industry, has experienced many fluctuations and challenges in recent years. However, as projects are launched one after another, the EVM public chain ecosystem is taking on new vitality.
This article will take stock of some EVM public chains that are expected to issue coins in the second half of the year.
01 Project Inventory
1. Monad: Total financing is US$244 million, invested by Paradigm, Dragonfly, OKX Ventures and others.
A high-performance blockchain platform compatible with the Ethereum Virtual Machine (EVM), designed to significantly increase transaction speed and scalability through parallel execution technology , capable of processing more than 10,000 transactions per second.
2. Aleo: Total financing of US$228 million, invested by a16z, Polychain, etc.
A privacy public chain based on zero-knowledge proof technology, designed to provide highly private smart contracts and decentralized applications.
3. Berachain: Total financing of US$142 million, invested by Framework Ventures, Polychain, OKX, etc.
A high-performance EVM-compatible blockchain that adopts a Proof-of-Liquidity consensus mechanism and aims to promote decentralized finance (DeFi). ) ecosystem development.
4. Aztec Network: Total financing of US$119 million, invested by Paradigm, a16z and others.
The first private ZK-rollup on Ethereum, designed to provide privacy protection and scalability for decentralized applications.
5. Fuel: Total financing is US$81.5 million, invested by Blockchain Capital, CoinFund and others.
A modular execution layer designed specifically for Ethereum to enable efficient blockchain scalability through parallel transaction execution and flexible throughput .
6. Scroll: Total financing of US$80 million, invested by Polychain, Robot Ventures and others.
EVM based on zero-knowledge proof technology is compatible with zk-Rollup and aims to support the development of decentralized applications by improving the scalability and privacy protection of Ethereum . Allows users to verify transactions without leaking original data and achieves seamless compatibility with existing Ethereum infrastructure.
7. Eclipse: Total financing of US$65 million, invested by Polychain, OKX Ventures and others.
High-performance Layer 2 solution based on Ethereum, leveraging the Solana Virtual Machine (SVM) for fast execution. It combines the security of Ethereum with the data availability of Celestia, enabling decentralized application development with high transaction volumes and low fees.
8. Espresso Systems: Total financing of US$60 million, invested by a16z, Electric Capital and others.
An EVM-compatible blockchain project that uses zk-Rollup and PoS consensus mechanisms to provide expansion and privacy protection, and provides high performance and privacy for Web3 application development. Secure infrastructure.
9. Succinct: Total financing of US$55 million, invested by Paradigm, Robot Ventures and others.
Project that aims to build an initial decentralized and permissionless interoperability layer for Ethereum, using proof-based cross-chain communication to enable developers to securely Integrate this technology into upcoming dApp projects.
10. Karak: Total financing of US$51.3 million, invested by Pantera Capital, Framework Ventures and others.
A Layer 2 blockchain network focused on re-staking, aiming to motivate users to re-stake through points to achieve multiple benefits while supporting the Ethereum main network Interact with assets of multiple other blockchain protocols.
11. Movement: Total financing is US$41.4 million, invested by Polychain, Binance Labs, OKX Ventures and others.
Zk-Rollup based on Move is designed to build and deploy infrastructure and applications based on the Move programming language for distributed environments. It is compatible with the Ethereum ecosystem and promotes Liquidity and interoperability between different blockchains.
12. Lava Network: Total financing of US$26 million, invested by Animoca Brands, Jump Capital, etc.
A modular blockchain data marketplace that provides flexible data storage and management solutions by connecting blockchain and decentralized applications with node providers The solution is designed to improve the efficiency and scalability of data access.
13. Caldera: Total financing of US$24 million, invested by Founders fund, Dragonfly and others.
A focus on building high-performance, customizable Layer 2 blockchain network, aiming to provide high throughput and low latency solutions for decentralized applications , enabling developers to quickly create application-specific blockchains.
14. Particle Network: Total financing of US$23.5 million, invested by Binance Labs, The Spartan Group and others.
A modular blockchain project that aims to achieve cross-chain interoperability through chain abstraction, allowing users to seamlessly manage on different blockchains and trade assets, simplifying the user experience.
15. MegaETH: Total financing of US$20 million, invested by Dragonfly, Robot Ventures and others.
A real-time blockchain fully compatible with Ethereum, designed to provide a Web2-like performance experience with ultra-high transaction throughput and low-latency processing capabilities , supporting more than 100,000 transactions per second.
16. Reya Network: Total financing of US$16 million, invested by Framework Ventures, Coinbase Ventures and others.
A modular Layer 2 solution focused on optimization of trading scenarios, aiming to improve the liquidity and capital of cryptocurrency exchanges through a unique liquidity pool mechanism efficiency.
17. Initia: Total financing of US$7.5 million, invested by Delphi Digital, Binance Labs and others.
Modular full-chain Rollup network designed to simplify multi-chain environments by combining application-specific L2 infrastructure with innovative L1 blockchains improve user experience and optimize developers’ application building capabilities.
18. Bitfinity Network: Total financing of US$7 million, invested by Polychain, ParaFi Capital and others.
An EVM-compatible blockchain built on the Internet Computer (IC), using a threshold signature scheme to ensure security, and through compatibility with the Ethereum ecosystem. The Bitcoin ecosystem brings new applications and use cases.
19. Artela: Total financing of US$6 million, invested by Shima Capital, SevenX Ventures and others.
A scalable blockchain network that improves scalability and performance through parallel execution stack and elastic block space technology, allowing developers to run in an EVM environment Build feature-rich dApps in it and dynamically add WASM native extensions to support complex application scenarios.
20. Linea: The total financing amount is unknown, invested by ConsenSys and others.
A high-performance Layer 2 network developed by ConsenSys that combines zero-knowledge proof technology with full compatibility with the Ethereum Virtual Machine (EVM), aiming to improve Scalability and development efficiency for decentralized applications.
21. Zircuit: The total financing amount is unknown, invested by Binance Labs, Robot Ventures and others.
A zero-knowledge Rollup network that is fully compatible with EVM, combining Optimistic Rollups and zero-knowledge proofs, aiming to provide developers with high-performance and secure solutions .
22. ALIENX: The total financing amount is unknown, invested by OKX Ventures and others.
A high-performance blockchain driven by AI nodes, designed to become the infrastructure for NFTs and games, allowing users to earn income by staking a variety of crypto assets , and is committed to improving network security and data credibility.
23. Namada: The total financing amount is unknown, invested by Perridon Ventures and others.
A Layer 1 cross-chain privacy platform based on proof of equity, using the CometBFT consensus mechanism, supporting concealed transfers of multiple assets, and compatible with the complete IBC protocol to Enhance the privacy protection of multi-chain ecology.
02 Summary
With the continuous development of these EVM public chains, the market's confidence in the Ethereum ecosystem is gradually recovering.
Although it faces challenges such as technical compatibility and security, the emergence of emerging public chains has injected new vitality into the future of Ethereum.
In general, the second half of the year will be a critical period for the EVM public chain to issue coins. Ethereum’s greatness again may be due to the development of these emerging public chains. Achieved with help.
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