9 OUT OF 10 MULTICHAIN DEVS WORK ON AN EVM CHAIN — ELECTRIC CAPITAL

Last updated: June 19, 2025, 19:59 | Written by: Naval Ravikant

The blockchain ecosystem is a vibrant and ever-evolving landscape, with new networks and technologies emerging constantly.But amidst this flurry of innovation, one thing remains remarkably consistent: the dominance of the Ethereum Virtual Machine (EVM). Offchain Labs, the original developer of Arbitrum blockchain and Stylus, announced the mainnet launch of Arbitrum Stylus, a backward-compatible virtual machA recent developer report from Electric Capital sheds light on just how pervasive the EVM has become, revealing that a staggering 9 out of 10 multichain developers are actively building on at least one EVM-compatible chain.This isn't just a trend; it's a fundamental characteristic of the current Web3 development environment. BTCUSD Bitcoin 9 out of 10 multichain devs work on an EVM chain: Electric Capital. EVM-compatible chains remain the network of choice for crypto developers, with 87% of all active developersThe report, an expansive analysis of crypto development activity over the past year (specifically analyzed Q4 2025 developer activity), confirms the EVM's central role. EVM-compatible networks attract the vast majority of active multichain developers 9 out of 10 specialists are involved in at least one EVM project. In Q4 2025, 30% of all Web3 devs worked on at least two blockchain networks each month.This dominance points to the ease of use, tooling, and established community surrounding EVM-based blockchains. Offchain Labs, the original developer of Arbitrum blockchain and Stylus, announced the mainnet launch of Arbitrum Stylus, a backward-compatible virtual machine designed to remove common barriersBut what does this mean for the future of Web3?Is this concentration a strength or a potential weakness?And what opportunities exist for developers looking to leverage the power of EVM-compatible chains?

This article will delve into the findings of Electric Capital's report, explore the reasons behind the EVM's popularity, discuss the implications for the broader blockchain ecosystem, and provide insights for developers looking to navigate this landscape.From understanding the core principles of EVM compatibility to exploring the latest advancements and opportunities, we'll uncover what it means to be an EVM developer in today's multichain world.

The Undisputed King: EVM's Reign in Multichain Development

The data is clear: the Ethereum Virtual Machine is the network of choice for the vast majority of crypto developers, especially those working across multiple blockchains. 9 out of 10 multichain devs work on an EVM chain: Electric Capital EVM-compatible chains remain the network of choice for crypto developers, with 87% of all active developers working on at least one EVM network, according to new data. 4 Total views Listen to article 0:00 News Ethereum Virtual Machine-based (EVM) blockchain networks are [ ]According to Electric Capital, a remarkable 87% of all active multichain developers are involved in at least one EVM-compatible project.This overwhelming preference highlights several key factors that contribute to the EVM's continued success.

What makes the EVM so attractive to developers? 9 out of 10 multichain devs work on an EVM chain: Electric Capital. crypto-developer-report-ethereum-network-q electric-capital 뉴스 multichain geth.Let's explore some of the critical reasons:

Familiarity and Tooling: Ethereum was one of the first widely adopted blockchain platforms, and as such, it boasts a mature ecosystem of development tools, libraries, and frameworks. 9 out of 10 multichain devs work on an EVM chain: Electric Capital. crypto-developer-report-ethereum-network-q electric-capital Cyvers：Multichain已This means developers can leverage their existing skills and knowledge to build on EVM-compatible chains, significantly reducing the learning curve and accelerating development cycles.
Community Support: The Ethereum community is vast and vibrant, offering a wealth of resources, documentation, and support channels. Coin Telegraph 9 out of 10 multichain devs work on an EVM chain Electric Capital Funding Round Shadow raised $9,000,000 / Seed from Coinbase Ventures and 4 other investorsThis collaborative environment fosters innovation and helps developers overcome challenges more easily.
Interoperability: EVM compatibility allows developers to easily port their applications and smart contracts between different EVM-based chains. EVM-compatible chains remain the network of choice for crypto developers, with 87% of all active. World One News Page: WednesdayThis interoperability opens up new opportunities for cross-chain collaboration and allows developers to reach a wider audience.
Network Effects: As more developers and users flock to EVM-compatible chains, the network effects become stronger, creating a positive feedback loop that further reinforces the EVM's dominance.

The Electric Capital report underscores these factors, highlighting the critical mass of developers working on EVM chains and the resulting ecosystem benefits. 9 out of 10 multichain devs work on an EVM chain: Electric Capital EVM-compatible chains remain the network of choice for crypto developers, with 87% of all active mutlichain developers working onThis dominance has shaped the landscape of decentralized applications (dApps), decentralized finance (DeFi), and other Web3 innovations.

Decoding EVM Compatibility: What Does It Really Mean?

EVM compatibility isn't just a buzzword; it's a technical specification that defines how a blockchain network executes smart contracts. Ethereum Virtual Machine-based (EVM) blockchain networks are the most popular networks for builders, with nearly nine out of 10 multichain developers working on at least one EVM-compatibleAt its core, it means that a blockchain can interpret and execute the same bytecode that runs on the Ethereum network. Ethereum Virtual Machine-based (EVM) blockchain networks are the most popular networks for builders, with nearly 9 out of 10 multichain developers working on at least one EVM-compatible chain, according to a developer report from Electric Capital.This compatibility opens up a world of possibilities, allowing developers to seamlessly deploy their existing Ethereum-based applications to other compatible chains.

Here's a breakdown of what EVM compatibility entails:

Smart Contract Execution: EVM-compatible chains can execute smart contracts written in Solidity, the primary programming language for Ethereum. Ethereum Virtual Machine-based (EVM) blockchain networks are the most popular networks for builders, with 87% of all multichain developers working on at least one EVM-compatible chain, according to a developer report from Electric Capital.This means developers can reuse their existing Solidity code without significant modifications.
Gas Model: The gas model, which governs transaction fees on the network, is typically similar to Ethereum's, although some chains may implement optimizations or variations.
Account Structure: The account structure, including address formats and key management, is generally consistent with Ethereum, making it easier for users to interact with different EVM-compatible chains.
Tooling and Libraries: EVM compatibility ensures that developers can use the same tools and libraries they're accustomed to using on Ethereum, such as Truffle, Remix, and Web3.js.

However, it's crucial to note that EVM compatibility isn't always a binary concept. Ethereum Virtual Machine-based (EVM) blockchain networks are the most popular networks for builders, with nearly nine out of 10 multichain developers working on at least one EVM-compatible chain, according to a developer report from Electric Capital.There are different levels of compatibility, ranging from full compatibility (where applications can be deployed with minimal changes) to partial compatibility (where some modifications may be required).Developers need to carefully evaluate the specific level of compatibility offered by a chain before deploying their applications.

Exploring the EVM Landscape: A Multitude of Chains

The EVM ecosystem is incredibly diverse, encompassing a wide range of blockchain networks, each with its own unique characteristics and features.These chains are often categorized based on their consensus mechanisms, scaling solutions, and target use cases.Here are some notable examples of EVM-compatible chains:

Layer-2 Scaling Solutions:
- Arbitrum: Arbitrum, developed by Offchain Labs, is a popular optimistic rollup that offers faster transaction speeds and lower gas fees compared to Ethereum mainnet.Recently, Arbitrum launched Arbitrum Stylus, a new virtual machine that supports WebAssembly languages, enhancing DApp development and reducing gas fees even further.
- Optimism: Similar to Arbitrum, Optimism is another optimistic rollup that aims to improve Ethereum's scalability.
- Polygon (formerly Matic): Polygon is a sidechain that provides a separate blockchain with its own consensus mechanism, but it's still compatible with the EVM.
Alternative Layer-1 Blockchains:
- Binance Smart Chain (BSC): BSC is a proof-of-stake blockchain that offers faster block times and lower transaction fees than Ethereum.
- Avalanche: Avalanche is a highly scalable blockchain platform that supports multiple virtual machines, including the EVM.
- Fantom: Fantom is a fast and scalable blockchain platform that utilizes a directed acyclic graph (DAG) consensus mechanism.

Each of these chains offers its own set of trade-offs, and developers need to carefully consider their specific requirements when choosing a platform for their applications. The Developer Report is a free, open, analysis of open-source contributions in crypto. We analyze over 100M open source code commits to produce these results. Anyone can contribute to our github to help improve the quality of our data.Factors to consider include transaction fees, transaction speed, security, and community support.

Beyond Ethereum: The Benefits of Multichain Development

While Ethereum remains the dominant force in the blockchain space, the rise of EVM-compatible chains has opened up new opportunities for developers to build more scalable, cost-effective, and user-friendly applications.Multichain development offers several key advantages:

Scalability: By deploying applications to multiple chains, developers can distribute the load and avoid congestion on a single network, improving scalability and performance.
Cost Optimization: Transaction fees can vary significantly between different EVM-compatible chains. Related: 9 out of 10 multichain devs work on an EVM chain Electric Capital In the two days after launch, STRK dropped nearly 60% from its Feb. 20 top of $4.41 to trade under $1.90.Developers can choose the chain that offers the most cost-effective solution for their specific use case.
Redundancy and Resilience: Deploying applications to multiple chains provides redundancy and resilience, ensuring that the application remains available even if one chain experiences downtime or network issues.
Access to New Users: By supporting multiple chains, developers can reach a wider audience and tap into new user bases.
Experimentation and Innovation: Multichain development allows developers to experiment with different technologies and features offered by various chains, fostering innovation and pushing the boundaries of what's possible.

For example, a DeFi application might choose to deploy on both Ethereum and Binance Smart Chain to reach a wider range of users and take advantage of BSC's lower transaction fees.Similarly, a gaming application might choose to deploy on a layer-2 scaling solution like Arbitrum to improve performance and reduce gas costs for players.

Navigating the Multichain Landscape: Tips for Developers

Developing for multiple EVM-compatible chains can be challenging, but with the right tools and strategies, it can be a rewarding experience. Ethereum Virtual Machine-compatible chains remain the network of choice for crypto developers, with 87% of all active multichain developers working on at least one EVM network, according to new data.Here are some tips for developers looking to navigate the multichain landscape:

Choose the Right Chains: Carefully evaluate the different EVM-compatible chains and choose the ones that best align with your application's requirements and target audience.Consider factors such as transaction fees, transaction speed, security, and community support.
Use Abstraction Layers: Utilize abstraction layers and libraries that simplify the process of interacting with different chains.This can help you avoid writing chain-specific code and make your application more portable.
Implement Cross-Chain Communication: Explore cross-chain communication protocols that allow your application to interact with other applications and smart contracts on different chains. Strategists predict the TSX will hit 28,000 next DecemThis can unlock new possibilities for interoperability and collaboration.
Monitor and Analyze Performance: Continuously monitor and analyze the performance of your application on different chains.This will help you identify bottlenecks and optimize your code for each environment.
Stay Up-to-Date: The blockchain ecosystem is constantly evolving.Stay up-to-date with the latest developments and best practices in multichain development.

Tools like Hardhat and Truffle offer features that help manage deployments across multiple networks.Consider using these to streamline your development workflow.

Addressing the Concerns: Decentralization and Security

While the EVM's dominance offers many advantages, it's also important to address potential concerns regarding decentralization and security. 原文链接：9 out of 10 multichain devs work on an EVM chain Electric Capital DefiPlot翻译整理，转载请标明出处. 免责声明：本站资源仅用于学习目的，也不应被视为投资建议，读者在采取任何行动之前应自行研究并对自己的决定承担全部责任。The concentration of development activity on EVM-compatible chains could lead to a centralization of power and influence within the blockchain ecosystem.Furthermore, the security of EVM-compatible chains can vary significantly, and developers need to carefully assess the risks before deploying their applications.

Here are some considerations to keep in mind:

Centralization Risks: Some EVM-compatible chains are more centralized than others, with a smaller number of validators controlling the network.This can increase the risk of censorship and manipulation.
Security Audits: Always conduct thorough security audits of your smart contracts before deploying them to any EVM-compatible chain.This will help you identify and mitigate potential vulnerabilities.
Smart Contract Bugs: Smart contract bugs can have devastating consequences, leading to loss of funds or data breaches.Implement robust testing and verification procedures to minimize the risk of bugs.
Cross-Chain Risks: Cross-chain communication protocols can introduce new security risks.Carefully evaluate the security implications of using these protocols and implement appropriate safeguards.

It's crucial to promote a more diverse and decentralized blockchain ecosystem by supporting alternative platforms and technologies. Offchain Labs announces the mainnet launch of Arbitrum Stylus, a new virtual machine that supports WebAssembly languages, enhancing DApp development and reducing gas fees on Arbitrum.However, this should not come at the expense of security and usability.

The Future of the EVM: Innovation and Evolution

The Ethereum Virtual Machine is not static; it's constantly evolving to meet the changing needs of the blockchain ecosystem.Recent advancements, such as the introduction of eWASM (Ethereum WebAssembly) and improvements to the gas model, are making the EVM more efficient and versatile. 9 out of 10 multichain devs work on an EVM chain: Electric CapitalEVM-compatible chains remain the network of choice for crypto developers, with 87% of all active mutlichain developers working on at least one EVM network, according to new data.Additionally, the development of new layer-2 scaling solutions is further enhancing the EVM's capabilities.

The launch of Arbitrum Stylus, supporting WebAssembly languages, represents a significant step forward in EVM evolution.This allows developers to use a wider range of programming languages for DApp development, potentially attracting a new wave of developers to the EVM ecosystem.

Looking ahead, we can expect to see even more innovation and evolution in the EVM space, including:

Improved Scalability: Continued development of layer-2 scaling solutions and other technologies aimed at improving the EVM's scalability.
Enhanced Security: Implementation of new security features and protocols to protect against smart contract vulnerabilities and other threats.
Increased Interoperability: Development of more robust cross-chain communication protocols that enable seamless interaction between different EVM-compatible chains.
Greater Developer Accessibility: Creation of new tools and resources that make it easier for developers to build and deploy applications on EVM-compatible chains.

The future of the EVM is bright, and its continued evolution will play a crucial role in shaping the future of Web3.

Conclusion: The EVM's Enduring Legacy

Electric Capital's report paints a clear picture: the Ethereum Virtual Machine remains the cornerstone of multichain development. Ethereum Virtual Machine-based (EVM) blockchain networks are the most popular networks for builders, with 87% of all multichain developers working on at leaWith 87% of multichain devs working on an EVM chain, it's a testament to its maturity, tooling, and vibrant community.While it's essential to consider the implications of this dominance on decentralization and security, the EVM's ongoing evolution and the benefits of multichain development make it a critical area for developers to focus on.

Key takeaways from the dominance of EVM include:

EVM Remains King: Its wide adoption provides a familiar and well-supported environment.
Multichain Offers Benefits: Scalability, cost optimization, and redundancy are key advantages.
Security is Paramount: Decentralization risks and smart contract vulnerabilities need careful consideration.
Innovation Continues: The EVM is evolving with advancements like Arbitrum Stylus.

For developers looking to make their mark in Web3, understanding and leveraging the power of the EVM is essential.Whether you're building on Ethereum mainnet or exploring the many EVM-compatible chains, the opportunities are vast and the potential for innovation is limitless.Ready to start building? Ethereum Virtual Machine-based (EVM) blockchain networks are the most popular networks for builders, with nearly nine out of 10 multichain developers working on at least one EVM-compatible chain, according to a developer report from Electric Capital. In the expansive Jan. 17 report that looked at cExplore the resources and tools available and join the thriving EVM developer community today!