The Ethereum Virtual Machine (EVM) is the core of the Ethereum network and the heart of smart contract deployment and execution. EVM to Ethereum is like a CPU to a computer.
Currently, 80% of the top 10 chains are compatible with the EVM, and even Non-EVM chains like Terra and Solana are making EVM-compatible solutions or can already operate with Ethereum’s account system (NEAR’s Aurora, Solana’s Neon, Polkadot’s Moonbeam, etc.)
Why Is EVM compatibility so Important?
For developers, an EVM-compatible chain creates a code execution environment similar to the EVM. It means that Ethereum developers can easily and quickly deploy protocols to the chain without having to write code from scratch.
For users, the advantages of an EVM-compatible chain include lower gas fees, faster settlement, and the same address format as Ethereum, making for a more user-friendly environment.
Apart from that, EVM compatibility can drive traffic acquisition and ecosystem expansion because Ethereum users
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