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Ethereum's Resurgence: A Roundup of EVM-Compatible Chains with Mainnet Launches Expected in the Second Half of the Year

Biteye

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With the successive launch of projects, the EVM public chain ecosystem is revitalizing.

Original Article Title: "Ethereum Great Again? Second Half of the Year Big Reveals of EVM Public Chains"

Original Article Authors: Viee, Biteye

Ethereum, as a pioneer in the blockchain industry, has experienced multiple fluctuations and challenges in recent years. However, with projects launching one after another, the EVM public chain ecosystem is rejuvenating. This article will take stock of some EVM public chains expected to launch coins in the second half of the year.

01 Project Inventory

1. Monad: Total funding of $2.44 billion, backed by Paradigm, Dragonfly, OKX Ventures, among others.

A high-performance blockchain platform, compatible with the Ethereum Virtual Machine (EVM), aimed at significantly improving transaction speed and scalability through parallel execution technology, processing over 10,000 transactions per second.

2. Aleo: Total funding of $2.28 billion, supported by a16z, Polychain, among others.

A privacy-focused public chain based on zero-knowledge proof technology, designed to provide highly private smart contracts and decentralized applications.

3. Berachain: Total funding of $1.42 billion, backed by Framework Ventures, Polychain, OKX, among others.

A high-performance EVM-compatible blockchain utilizing the Proof-of-Liquidity consensus mechanism to promote the development of the decentralized finance (DeFi) ecosystem.

4. Aztec Network: Total funding of $1.19 billion, supported by Paradigm, a16z, among others.

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

5. Fuel: Total funding of $81.5 million, with investments from Blockchain Capital, CoinFund, among others.

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

6. Scroll: Total funding of $80 million, invested by Polychain, Robot Ventures, and others.

An EVM-compatible zk-Rollup based on zero-knowledge proof technology, aiming to support the development of decentralized applications by enhancing Ethereum's scalability and privacy. It allows users to verify transactions without revealing the original data and achieve seamless compatibility with the existing Ethereum infrastructure.

7. Eclipse: Total funding of $65 million, invested by Polychain, OKX Ventures, and others.

A high-performance Ethereum-based Layer 2 solution, leveraging the Solana Virtual Machine (SVM) for fast execution. It combines Ethereum's security with Celestia's data availability to support high transaction throughput and low-cost decentralized application development.

8. Espresso Systems: Total funding of $60 million, invested by a16z, Electric Capital, and others.

An EVM-compatible blockchain project that utilizes zk-Rollup and PoS consensus mechanism to provide scalability and privacy, offering high-performance and secure infrastructure for Web3 application development.

9. Succinct: Total funding of $55 million, invested by Paradigm, Robot Ventures, and others.

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

10. Karak: Total funding of $51.3 million, invested by Pantera Capital, Framework Ventures, and others.

A Layer 2 blockchain network focusing on re-staking, aiming to incentivize users for re-staking to achieve compounded returns, while supporting asset interaction between the Ethereum mainnet and multiple other blockchain protocols.

11. Movement: Total funding of $41.4 million, invested by Polychain, Binance Labs, OKX Ventures, and others.

Move-based zk-Rollup, aims to build and deploy infrastructure and applications based on the Move programming language for a distributed environment, compatible with the Ethereum ecosystem, promoting liquidity and interoperability across different blockchains.

12. Lava Network: Raised a total of $26 million, backed by Animoca Brands, Jump Capital, and others.

A modular blockchain data marketplace that provides flexible data storage and management solutions by connecting blockchains and decentralized applications with node providers, aiming to enhance data access efficiency and scalability.

13. Caldera: Raised a total of $24 million, backed by Founders Fund, Dragonfly, and others.

Focused on building a high-performance, customizable Layer 2 blockchain network to provide decentralized applications with high throughput and low latency, enabling developers to quickly create blockchain applications for specific use cases.

14. Particle Network: Raised a total of $23.5 million, backed by Binance Labs, The Spartan Group, and others.

A modular blockchain project aiming to achieve cross-chain interoperability through chain abstraction, allowing users to seamlessly manage and transact assets across different blockchains, thereby simplifying user experience.

15. MegaETH: Raised a total of $20 million, backed by Dragonfly, Robot Ventures, and others.

A real-time blockchain fully compatible with Ethereum, aiming to deliver Web2-like performance experience through ultra-high transaction throughput and low-latency processing, supporting over 100,000 transactions per second.

16. Reya Network: Raised a total of $16 million, backed by Framework Ventures, Coinbase Ventures, and others.

A modular Layer 2 solution focused on transaction scenario optimization, aiming to enhance liquidity and capital efficiency for cryptocurrency exchanges through a unique liquidity pool mechanism.

17. Initia: Raised a total of $7.5 million, with investment from Delphi Digital, Binance Labs, and others.

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

18. Bitfinity Network: Raised a total of $7 million, with investment from Polychain, ParaFi Capital, and others.

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

19. Artela: Raised a total of $6 million, with investment from Shima Capital, SevenX Ventures, and others.

An scalable blockchain network that enhances scalability and performance through parallel execution stacks and elastic block space technology, enabling developers to build feature-rich dApps in an EVM environment and dynamically add WASM native extensions to support complex use cases.

20. Linea: Raised an undisclosed amount, with investment from 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) to enhance scalability and development efficiency for decentralized applications.

21. Zircuit: Raised an undisclosed amount, with investment from Binance Labs, Robot Ventures, and others.

A zero-knowledge Rollup network fully compatible with the EVM, combining Optimistic Rollups with zero-knowledge proofs to provide developers with a high-performance and secure solution.

22. ALIENX: Raised an undisclosed amount, with investment from OKX Ventures and others.

A high-performance blockchain powered by AI nodes, aiming to be the infrastructure for NFTs and gaming, supporting users to earn rewards by staking various crypto assets, and committed to enhancing network security and data credibility.

23. Namada: The total funding amount is undisclosed, with investment from Perridon Ventures, among others.

A proof-of-stake-based Layer 1 cross-chain privacy platform, utilizing the CometBFT consensus mechanism, supporting private transfers of multiple assets, and fully compatible with the IBC protocol to enhance privacy protection in a multi-chain ecosystem.

02 Summary

With the continuous development of these EVM-based public chains, confidence in the Ethereum ecosystem is gradually being restored.

Despite facing challenges such as technical compatibility and security, the emergence of new public chains has injected new vitality into Ethereum's future.

Overall, the second half of the year will be a key period for EVM-based public chains to launch their native tokens, and Ethereum's renewed greatness may be realized with the support of these emerging public chains.

Risk Warning: Cryptocurrency investment carries high risk, the above is for information sharing only and not investment advice.