Reviving Ethereum: EVM Chains Set to Launch Tokens This Year

BeginnerSep 03, 2024
This article introduces several EVM-compatible blockchain projects expected to issue tokens in the second half of the year, including Monad, Aleo, Berachain, and others. These projects have total funding amounts ranging from tens of millions to several hundred million dollars, covering high-performance blockchains, privacy public chains, Layer 2 solutions, and more. They aim to advance the Ethereum ecosystem by increasing transaction speeds, enhancing privacy protection, and scalability.
Reviving Ethereum: EVM Chains Set to Launch Tokens This Year

Forward the Original Title‘以太坊再次伟大?下半年 EVM 公链发币大揭秘’

Ethereum, as a pioneer in the blockchain industry, has faced numerous fluctuations and challenges in recent years. However, with projects launching one after another, the EVM public chain ecosystem is experiencing a revival. This article will review some EVM blockchains expected to issue tokens in the second half of the year.

01 Project inventory

  1. Monad: Total funding of $244 million, backed by Paradigm, Dragonfly, OKX Ventures, and others.

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

  1. Aleo: Total funding of $228 million, supported by a16z, Polychain, and others.

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

  1. Berachain: Total funding of $142 million, invested by Framework Ventures, Polychain, OKX, and others.

A high-performance EVM-compatible blockchain adopting a Proof-of-Liquidity consensus mechanism, aimed at promoting the development of decentralized finance (DeFi) ecosystems.

  1. Aztec Network: Total funding of $119 million, with investments from Paradigm, a16z, and others.

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

  1. Fuel: Total funding of $81.5 million, funded by Blockchain Capital, CoinFund, and others.

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

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

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

  1. Eclipse: Total funding of $65 million, with investments from Polychain, OKX Ventures, and others.

A high-performance Layer 2 solution based on Ethereum, utilizing the Solana Virtual Machine (SVM) for fast execution. It combines Ethereum’s security with Celestia’s data availability, supporting high-volume transactions and low-cost decentralized application development.

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

An EVM-compatible blockchain project utilizing zk-Rollup and PoS consensus mechanisms for scalability and privacy protection, providing a high-performance and secure infrastructure for Web3 application development.

  1. Succinct: Total funding of $55 million, with investments from Paradigm, Robot Ventures, and others.

Aiming to establish an initial decentralized and permissionless interoperability layer for Ethereum, this project uses proof-based cross-chain communication to enable developers to securely integrate this technology into upcoming dApp projects.

  1. Karak: With a total funding of $51.3 million, invested by Pantera Capital, Framework Ventures, and others.

It is a Layer 2 blockchain network focusing on re-staking, aiming to achieve multiple returns by incentivizing users through points for re-staking. It supports asset interaction with the Ethereum mainnet and other blockchain protocols.

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

Based on Move’s zk-Rollup, Movement aims to build and deploy infrastructure and applications in distributed environments using the Move programming language, compatible with the Ethereum ecosystem, promoting liquidity and interoperability between different blockchains.

  1. Lava Network: With a total funding of $26 million, invested by Animoca Brands, Jump Capital, and others.

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

  1. Caldera: With a total funding of $24 million, invested by Founders Fund, Dragonfly, and others.

Caldera focuses on building high-performance, customizable Layer 2 blockchain networks, aiming to provide solutions with high throughput and low latency for decentralized applications, enabling developers to quickly create blockchains for specific applications.

  1. Particle Network: Total financing is 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 and trade assets on different blockchains and simplify the user experience.

  1. MegaETH: Total financing is US$20 million, invested by Dragonfly, Robot Ventures and others.

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

  1. Reya Network: Total financing is US$16 million, invested by Framework Ventures, Coinbase Ventures and others.

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

  1. Initia: Total financing is US$7.5 million, invested by Delphi Digital, Binance Labs and others.

The modular omnichain Rollup network aims to simplify user experience in multi-chain environments and optimize developers’ application building capabilities by combining application-specific L2 infrastructure with innovative L1 blockchains.

  1. 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 bringing new applications and use cases to the Bitcoin ecosystem through compatibility with the Ethereum ecosystem.

  1. 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 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 Application scenarios.

  1. 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 and full compatibility with the Ethereum Virtual Machine (EVM) to improve the scalability and development efficiency of decentralized applications.

  1. Zircuit: The total financing amount is unknown, invested by Binance Labs, Robot Ventures, etc.

A fully EVM-compatible zero-knowledge Rollup network that combines Optimistic Rollups with zero-knowledge proofs to provide developers with high-performance and secure solutions.

  1. 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 committed to improving network security and data credibility.

  1. 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 the multi-chain ecosystem.

02 Conclusion

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

Although it faces challenges such as technical compatibility and security, the emergence of new public chains is injecting new vitality into Ethereum’s future.

Overall, the second half of the year will be a critical period for the token issuance of EVM public chains, and Ethereum’s resurgence may be realized with the help of these emerging blockchains.

Risk Warning: Crypto assets carry significant risk, and the above is for informational purposes only and not investment advice.

Disclaimer:

  1. This article is reprinted from [Biteye]. Forward the Original Title‘以太坊再次伟大?下半年 EVM 公链发币大揭秘’. All copyrights belong to the original author [Biteye 核心贡献者 Viee]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
  2. Liability Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute any investment advice.
  3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.

Reviving Ethereum: EVM Chains Set to Launch Tokens This Year

BeginnerSep 03, 2024
This article introduces several EVM-compatible blockchain projects expected to issue tokens in the second half of the year, including Monad, Aleo, Berachain, and others. These projects have total funding amounts ranging from tens of millions to several hundred million dollars, covering high-performance blockchains, privacy public chains, Layer 2 solutions, and more. They aim to advance the Ethereum ecosystem by increasing transaction speeds, enhancing privacy protection, and scalability.
Reviving Ethereum: EVM Chains Set to Launch Tokens This Year

Forward the Original Title‘以太坊再次伟大?下半年 EVM 公链发币大揭秘’

Ethereum, as a pioneer in the blockchain industry, has faced numerous fluctuations and challenges in recent years. However, with projects launching one after another, the EVM public chain ecosystem is experiencing a revival. This article will review some EVM blockchains expected to issue tokens in the second half of the year.

01 Project inventory

  1. Monad: Total funding of $244 million, backed by Paradigm, Dragonfly, OKX Ventures, and others.

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

  1. Aleo: Total funding of $228 million, supported by a16z, Polychain, and others.

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

  1. Berachain: Total funding of $142 million, invested by Framework Ventures, Polychain, OKX, and others.

A high-performance EVM-compatible blockchain adopting a Proof-of-Liquidity consensus mechanism, aimed at promoting the development of decentralized finance (DeFi) ecosystems.

  1. Aztec Network: Total funding of $119 million, with investments from Paradigm, a16z, and others.

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

  1. Fuel: Total funding of $81.5 million, funded by Blockchain Capital, CoinFund, and others.

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

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

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

  1. Eclipse: Total funding of $65 million, with investments from Polychain, OKX Ventures, and others.

A high-performance Layer 2 solution based on Ethereum, utilizing the Solana Virtual Machine (SVM) for fast execution. It combines Ethereum’s security with Celestia’s data availability, supporting high-volume transactions and low-cost decentralized application development.

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

An EVM-compatible blockchain project utilizing zk-Rollup and PoS consensus mechanisms for scalability and privacy protection, providing a high-performance and secure infrastructure for Web3 application development.

  1. Succinct: Total funding of $55 million, with investments from Paradigm, Robot Ventures, and others.

Aiming to establish an initial decentralized and permissionless interoperability layer for Ethereum, this project uses proof-based cross-chain communication to enable developers to securely integrate this technology into upcoming dApp projects.

  1. Karak: With a total funding of $51.3 million, invested by Pantera Capital, Framework Ventures, and others.

It is a Layer 2 blockchain network focusing on re-staking, aiming to achieve multiple returns by incentivizing users through points for re-staking. It supports asset interaction with the Ethereum mainnet and other blockchain protocols.

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

Based on Move’s zk-Rollup, Movement aims to build and deploy infrastructure and applications in distributed environments using the Move programming language, compatible with the Ethereum ecosystem, promoting liquidity and interoperability between different blockchains.

  1. Lava Network: With a total funding of $26 million, invested by Animoca Brands, Jump Capital, and others.

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

  1. Caldera: With a total funding of $24 million, invested by Founders Fund, Dragonfly, and others.

Caldera focuses on building high-performance, customizable Layer 2 blockchain networks, aiming to provide solutions with high throughput and low latency for decentralized applications, enabling developers to quickly create blockchains for specific applications.

  1. Particle Network: Total financing is 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 and trade assets on different blockchains and simplify the user experience.

  1. MegaETH: Total financing is US$20 million, invested by Dragonfly, Robot Ventures and others.

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

  1. Reya Network: Total financing is US$16 million, invested by Framework Ventures, Coinbase Ventures and others.

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

  1. Initia: Total financing is US$7.5 million, invested by Delphi Digital, Binance Labs and others.

The modular omnichain Rollup network aims to simplify user experience in multi-chain environments and optimize developers’ application building capabilities by combining application-specific L2 infrastructure with innovative L1 blockchains.

  1. 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 bringing new applications and use cases to the Bitcoin ecosystem through compatibility with the Ethereum ecosystem.

  1. 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 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 Application scenarios.

  1. 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 and full compatibility with the Ethereum Virtual Machine (EVM) to improve the scalability and development efficiency of decentralized applications.

  1. Zircuit: The total financing amount is unknown, invested by Binance Labs, Robot Ventures, etc.

A fully EVM-compatible zero-knowledge Rollup network that combines Optimistic Rollups with zero-knowledge proofs to provide developers with high-performance and secure solutions.

  1. 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 committed to improving network security and data credibility.

  1. 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 the multi-chain ecosystem.

02 Conclusion

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

Although it faces challenges such as technical compatibility and security, the emergence of new public chains is injecting new vitality into Ethereum’s future.

Overall, the second half of the year will be a critical period for the token issuance of EVM public chains, and Ethereum’s resurgence may be realized with the help of these emerging blockchains.

Risk Warning: Crypto assets carry significant risk, and the above is for informational purposes only and not investment advice.

Disclaimer:

  1. This article is reprinted from [Biteye]. Forward the Original Title‘以太坊再次伟大?下半年 EVM 公链发币大揭秘’. All copyrights belong to the original author [Biteye 核心贡献者 Viee]. If there are objections to this reprint, please contact the Gate Learn team, and they will handle it promptly.
  2. Liability Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute any investment advice.
  3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.
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