The Ethereum Virtual Machine (EVM) emerges as the clear winner in the multichain developer arena, according to a recent report by Electric Capital. A staggering 90% of multichain developers prioritize building on EVM-compatible networks, highlighting its dominance in the decentralized application (dApp) development landscape.
Why the EVM’s Appeal?
The EVM’s popularity stems from several key factors:
- Established Ecosystem: Ethereum’s robust and well-developed ecosystem boasts a vast array of tools, resources, and established communities, facilitating easier development and attracting a larger talent pool.
- Interoperability: EVM compatibility fosters connectivity between different blockchain networks, allowing developers to create applications that seamlessly interact with multiple chains.
- Mature Developer Tools: The abundance of mature and readily available developer tools for EVM chains lowers the barriers to entry for new developers and accelerates the building process.
- Solid Security Track Record: Ethereum’s proven security track record inspires confidence in developers, making EVM chains a reliable foundation for building crucial financial and dApp applications.
Starket, Polygon, and Optimism Lead the Charge
Among EVM-compatible chains, Starket, Polygon, and Optimism stand out as particularly popular destinations for multichain developers. Their focus on scalability, low transaction fees, and developer-friendly features attracts numerous teams looking to build innovative dApps and reach wider audiences.
Beyond EVM: A Glimpse of the Future
While EVM currently reigns supreme, the multichain landscape is constantly evolving. Other blockchain platforms like Solana and Polkadot are actively building robust ecosystems and attracting their own developer communities. As interoperability solutions and cross-chain bridges become more sophisticated, the future might see a more diversified landscape where developers leverage multiple chains according to their specific needs.