Ethereum’s resurgence: A review of EVM public chains expected to issue tokens in the second half of the year

Original title: "Is Ethereum Great Again? The Secret of EVM Public Chain Coin Issuance in the Second Half of the Year"

Original author: Viee, Biteye

As a pioneer in the blockchain industry, Ethereum has experienced many fluctuations and challenges in recent years. However, as projects are launched one after another, the EVM public chain ecosystem is regaining new vitality. This article will review some EVM public chains that are expected to issue coins in the second half of the year.

01 Project Inventory

1. Monad:Total financing of US$244 million, invested by Paradigm, Dragonfly, OKX Ventures, etc.

A high-performance blockchain platform compatible with Ethereum Virtual Machine (EVM), designed to significantly improve transaction speed and scalability through parallel execution technology, and can process 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 the Proof-of-Liquidity consensus mechanism and aims to promote the development of the decentralized financial (DeFi) ecosystem.

4. Aztec Network: Total financing of US$119 million, invested by Paradigm, a16z, etc.

The first private ZK-rollup on Ethereum, designed to provide privacy protection and scalability for decentralized applications.

5. Fuel: Total financing of US$81.5 million, invested by Blockchain Capital, CoinFund, etc.

A modular execution layer designed for Ethereum, designed to achieve efficient blockchain scalability through parallel transaction execution and flexible throughput.

6. Scroll: Total financing of US$80 million, invested by Polychain, Robot Ventures, etc.

Based on zero-knowledge proof technology, EVM is compatible with zk-Rollup, which aims to support the development of decentralized applications by improving the scalability and privacy protection of Ethereum. It allows users to verify transactions without leaking original data and achieve seamless compatibility with existing Ethereum infrastructure.

7. Eclipse: Total financing of US$65 million, invested by Polychain, OKX Ventures, etc.

A high-performance Layer 2 solution based on Ethereum, using the Solana Virtual Machine (SVM) for fast execution. It combines the security of Ethereum and the data availability of Celestia to support the development of decentralized applications with high transaction volume and low fees.

8. Espresso Systems:Total financing of US$60 million, invested by a16z, Electric Capital, etc.

A blockchain project compatible with EVM, using zk-Rollup and PoS consensus mechanisms to provide expansion and privacy protection, and providing high-performance and secure infrastructure for Web3 application development.

9. Succinct:Total financing of US$55 million, invested by Paradigm, Robot Ventures, etc.

A project that aims to establish an initial decentralized and permissionless interoperability layer for Ethereum, using proof-based cross-chain communication to enable developers to safely integrate the technology into upcoming dApp projects.

10. Karak: Total financing of US$51.3 million, invested by Pantera Capital, Framework Ventures, etc.

A Layer 2 blockchain network focused on re-staking, which aims to incentivize users to re-stake through points to achieve multiple benefits, while supporting asset interactions between the Ethereum mainnet and multiple other blockchain protocols.

11. Movement: Total financing of US$41.4 million, invested by Polychain, Binance Labs, OKX Ventures, etc.

The zk-Rollup based on Move is designed to build and deploy infrastructure and applications based on the Move programming language for distributed environments, compatible with the Ethereum ecosystem, and promote 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 market that provides flexible data storage and management solutions by connecting blockchains and decentralized applications with node providers, aiming to improve the efficiency and scalability of data access.

13. Caldera: Total financing of US$24 million, invested by Founders fund, Dragonfly, etc.

A Layer2 blockchain network focused on building a high-performance, customizable solution for decentralized applications, which aims to provide high throughput and low latency solutions, enabling developers to quickly create blockchains for specific applications.

14. Particle Network: Total financing of $23.5 million, invested by Binance Labs, The Spartan Group, etc.

A modular blockchain project that aims to achieve cross-chain interoperability through chain abstraction, enabling users to seamlessly manage and trade assets on different blockchains and simplify user experience.

15. MegaETH: Total financing of $20 million, invested by Dragonfly, Robot Ventures, etc.

A real-time blockchain fully compatible with Ethereum, designed to provide a Web2-like performance experience through 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, etc.

A modular Layer 2 solution focusing on trading scenario optimization, aiming to improve the liquidity and capital efficiency of cryptocurrency exchanges through a unique liquidity pool mechanism.

17. Initia: Total financing of US$7.5 million, invested by Delphi Digital, Binance Labs, etc.

A modular full-chain Rollup network that aims to simplify the user experience in a multi-chain environment and optimize developers' application building capabilities by combining application-specific L2 infrastructure with innovative L1 blockchains.

18. Bitfinity Network: Total financing of US$7 million, invested by Polychain, ParaFi Capital, etc.

An EVM-compatible blockchain built on the Internet Computer (IC), which ensures security with a threshold signature scheme and brings new applications and use cases to the Bitcoin ecosystem through compatibility with the Ethereum ecosystem.

19. Artela: Total financing of US$6 million, invested by Shima Capital, SevenX Ventures, etc.

A scalable blockchain network that improves scalability and performance through parallel execution stack and elastic block space technology, enabling developers to build feature-rich dApps in the EVM environment and dynamically add WASM native extensions to support complex application scenarios.

20. Linea: The total amount of financing is unknown, invested by ConsenSys and others.

A high-performance Layer 2 network developed by ConsenSys, combining zero-knowledge proof technology and full compatibility with the Ethereum Virtual Machine (EVM), aims to improve the scalability and development efficiency of decentralized applications.

21. Zircuit: The total amount of financing is unknown, invested by Binance Labs, Robot Ventures and others.

A zero-knowledge Rollup network that is fully compatible with EVM, combining Optimistic Rollups with zero-knowledge proofs, aims to provide developers with high-performance and security solutions.

22. ALIENX:The total amount of financing 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, supporting users to earn income by staking multiple crypto assets, and committed to improving network security and data credibility.

23. Namada:The total amount of financing is unknown, invested by Perridon Ventures and others.

A Layer 1 cross-chain privacy platform based on proof of stake, using the CometBFT consensus mechanism, supporting hidden transfers of multiple assets, and compatible with the full IBC protocol to enhance the privacy protection of the multi-chain ecosystem.

02 Summary

With the continuous development of these EVM public chains, the market's confidence in the Ethereum ecosystem is gradually recovering.

Although facing 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 EVM public chain coin issuance. Ethereum's greatness again may be achieved with the help of these emerging public chains.

Risk warning: Crypto assets have higher risks. The above is only for information sharing, not investment advice.

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