As blockchain technology evolves, so does the Ethereum network—the world’s leading programmable blockchain. However, Ethereum’s limitations in terms of scalability and transaction costs have become evident as the platform has gained mainstream traction. To address these challenges, EVM (Ethereum Virtual Machine) compatible chains have emerged, promising enhanced performance and lower transaction fees while maintaining compatibility with Ethereum’s ecosystem.
In this comprehensive overview, we delve into the top 10 EVM-compatible chains that are capturing the industry’s attention and discover Fluid3, an innovative liquidity layer designed to bring seamless efficiency to EVM chains.
Top 10 EVM-Compatible Chains you should know about
Binance Smart Chain (BSC)
Developed by Binance, one of the world’s largest cryptocurrency exchanges, BSC aims to offer a more efficient alternative to Ethereum. Prioritizing low transaction fees and high-speed smart contract execution, BSC has seen rapid adoption thanks to its compatibility with Ethereum’s toolset.
Oasis Network
Specializing in confidential smart contracts that keep data private while being processed, Oasis Network is tailor-made for DeFi (Decentralized Finance) applications. Its scalability and comparatively lower gas fees make it an attractive alternative to Ethereum.
Avalanche
Avalanche offers a highly scalable blockchain platform that executes smart contracts swiftly while maintaining low transaction costs. Designed to be a versatile platform, it’s fully compatible with Ethereum’s existing tools and applications.
Polygon
Previously known as Matic Network, Polygon serves as a Layer 2 scaling solution for Ethereum, aiming to alleviate congestion and provide faster, more affordable transactions. It has quickly garnered attention for enhancing Ethereum’s scalability and usability.
Near Protocol
A high-performance, developer-friendly EVM chain, Near Protocol promises fast transaction speeds and lower fees. With strong community support and significant backing from leading venture capital firms, it is a formidable player in the realm of decentralized applications.
Solana
Solana has built a bridge that allows decentralized applications and transactions from Ethereum to be processed on its blockchain. This enables more efficient scaling and provides a gateway to the Solana ecosystem.
Harmony
Focusing on cross-chain compatibility and high throughput, Harmony employs sharding to partition its network, increasing efficiency. This makes it a seamless environment for decentralized applications.
Celo
Celo prioritizes mobile compatibility and aims to provide financial inclusion through its blockchain platform. Designed to support mobile-first decentralized applications, it targets the underserved populations of the financial world.
Fantom
Distinguishing itself as the world’s first DAG (Directed Acyclic Graph)-based smart contract platform, Fantom offers rapid consensus and high scalability. It is well-suited for complex applications such as DeFi and supply chain management.
Arbitrum
Built on the principle of zk-rollups, Arbitrum offers a scalable, secure solution to Ethereum’s limitations. It promises faster transaction speeds while maintaining a high level of security.
Shaping the future: Introducing Fluid3
In an increasingly interconnected blockchain landscape, Fluid3 emerges as a game-changing liquidity layer for EVM chains. Aggregating liquidity from various protocols into a unified, developer-friendly API, Fluid3 resolves the inefficiencies associated with managing multiple protocols.
Fluid3’s distinctive value proposition lies in its adaptability and continuous improvement. Learning from every transaction, its decision-making algorithm fine-tunes over time, ensuring optimal route selection for maximizing output while minimizing costs. For anyone looking to engage with DeFi protocols efficiently, Fluid3 provides a user-centric, cost-effective solution.
Delve deeper into how Fluid3 is revolutionizing the EVM chain landscape, read the Fluid3 whitepaper to learn more.
Final thoughts
The rise of EVM-compatible chains is more than a trend; it is an evolution that brings about interoperability, scalability, and efficient contract execution to the blockchain space. These alternative chains are not just competitors but collaborators in enriching the Ethereum ecosystem and advancing the industry as a whole.
For developers and users alike, understanding these leading EVM chains is essential in navigating the rapidly evolving world of blockchain technology. Whether it’s leveraging Fluid3’s advanced liquidity layer or selecting the optimal EVM chain for your project, the options for efficient, secure blockchain interaction have never been better.