The EVM, perhaps crypto's most significant innovation, is not intrinsically bound to Ethereum. Here's three predictions for how app-focused blockchains and Layer 2s may develop in the years ahead, from fekunze. Crypto2023, presented by bitstamp
generally has lower transaction costs than Uniswap on Ethereum – but when you consider that liquidity is fragmented across these multiple versions of the dApp and then consider that developers have to maintain each of these forked applications, the case for multichain deployments isn’t very strong.
Already decentralized derivatives exchange dYdX is building its appchain within the Cosmos ecosystem – a decision its developers made to take greater control over the platform’s entire stack. Other Ethereum-native apps may soon follow.However, different dApps have different amounts of contributor resources and developer expertise behind them, so don’t expect all of them to become appchains overnight.
This expanding collection of EVMs will be diverse and will see the most value creation when they’re fully composable. This would allow dApps on one chain to use and interact with dApps deployed on other chains, effectively creating cross-chain “money legos.” In my mind, this is how Ethereum scaling and Cosmos, each of which has seen rapid growth, will come together in a greater Interchain.Developers will converge on solutions that enable them to launch new EVM blockchains as easily as possible.
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