evm

Ethereum founder Vitalik Buterin stated that currently, a large number of newly created EVM chains are simply replicating existing architectures or connecting to Ethereum through optimistic bridges with a one-week delay. This approach is akin to the governance replication seen in Compound; while it is "comfortable," it depletes innovation in the long run, leading the ecosystem into a dead end.If a new chain does not connect to Ethereum's optimistic bridge (i.e., purely a substitute L1), the situation is even worse. What the ecosystem truly needs are projects that can bring new features, such as privacy protection, application-specific efficiency, or ultra-low latency. The form of "Ethereum connection" must match the actual functionality.For example, prediction market applications can issue and settle markets on L1, manage user accounts, but transaction execution occurs in a Rollup or L2-like system, with L1 verifying signatures and market states. A deeply connected L1 architecture should be prioritized, rather than a formal bridge for recognition.Another type of "application chain" can verify algorithm execution on government, social media, or gaming platforms, ensuring updates are authorized and executed according to pre-committed rules through technologies like STARK. Although these chains are not entirely Ethereum, they can provide algorithmic transparency and minimize trust, facilitating economic activities that were previously impossible.New projects should achieve two points: first, truly bring innovation, not just replicate existing EVM chains; second, ensure that the public relations image matches actual functionality. The project's claimed level of connection to Ethereum should genuinely reflect its technical and ecological dependencies, ensuring ecosystem interoperability and long-term value.

The cryptocurrency trading platform Gate's Gate Wallet has officially launched the Gas Station feature, further strengthening its capabilities in the Web3 multi-chain infrastructure layer. This feature primarily addresses the common issue of insufficient Gas during multi-chain interactions by providing a dedicated Gas account that is 1:1 bound to the user's EVM wallet, automatically covering network fees when native Gas is insufficient, thus preventing transaction interruptions.Currently, the Gas Station supports 10 mainstream EVM networks including Ethereum, BNB Smart Chain, Base, Arbitrum, Avalanche, Polygon, Optimism, Linea, GateChain EVM, and Gate Layer, and supports over 100 types of cryptocurrency assets for recharge, enabling cross-chain and cross-asset Gas payment methods.In addition, the platform has launched a limited-time incentive where new users can receive exclusive Gas subsidies upon completing their first deposit, and active trading users can enjoy cashback based on the recharge amount and high commissions for inviting friends while continuously using the Gas Station feature.The Gas Station helps lower the operational threshold for users in a multi-chain environment, promoting a more everyday experience in Web3. Through underlying experience optimization, Gate is consolidating its hub position in the Web3 ecosystem and providing ongoing support for broader user participation in the on-chain world.

On January 21, Saga discovered and responded to a security incident affecting the SagaEVM chain. The incident involved a coordinated deployment of contract sequences, cross-chain operations, and subsequent liquidity extraction. Based on the principle of prudence, the SagaEVM chain has been paused at block height 6593800, and an active investigation and mitigation work is underway. Approximately $7 million worth of USDC, yUSD, ETH, and tBTC has been transferred to the Ethereum mainnet.The team is collaborating with exchanges and cross-chain bridge platforms to blacklist the attack wallet and recover the stolen tokens, and will repair and strengthen the affected cross-chain and deployment components. This incident did not involve a consensus mechanism failure, validator compromise, or private key leakage.According to previous news from ChainCatcher, the Saga chain was allegedly attacked by hackers, resulting in approximately $7 million in assets being stolen.

The Cosmos application chain Noble, focused on stablecoins, announced its migration from the Cosmos ecosystem to an independent EVM Layer 1 network, planned to launch on March 18. Noble stated that this move aims to leverage the Commonware tech stack written in Rust and the Reth Ethereum client to enhance performance and gain broader support from AI and crypto developers.Since 2023, Noble has processed over 22 billion token transactions, with 30,000 monthly active users. Its native stablecoin, Noble Dollar (USDN), will become a core feature of the new EVM chain, supporting profit distribution to users. During the transition period, the team will continue to support Cosmos-based blockchains, ensuring that existing IBC connections remain unaffected, with the ultimate goal of migrating all liquidity to Noble EVM.

Cosmos ecosystem stablecoin protocol Noble announced the launch of an EVM-based Layer 1, Noble EVM, which is expected to go live on March 18. The new Noble EVM will be specifically designed for stablecoin applications.Noble is not the only Cosmos ecosystem project undergoing transformation in recent months; for example, Sei plans to fully transition to an EVM-only chain in the upcoming upgrade, abandoning its CosmWasm and Cosmos native assets.

The DeFi platform Felix Protocol announced a partnership with Ondo Finance to launch spot stock trading on Hyperliquid's HyperEVM ecosystem.The project will introduce over 100 U.S. stock markets through Ondo Global Markets and plans to expand to over 1,000 stocks in the coming months. The Felix team stated that by integrating with Ondo, these markets will have deep liquidity from day one, without relying on AMM liquidity, and can support stock orders in the millions of dollars.

SVM Layer 1 project Fogo posted on platform X: "We have detected a vulnerability that causes the first season Flames EVM wallet points to not display correctly. We are currently investigating this issue, please check back in 24 hours. If the problem is resolved earlier, we will update the notice promptly."

Helius CEO Mert stated on the X platform that AI has given Solana a significant competitive advantage in development. Solana's program model is more secure for AI compared to the interface model of EVM. On Solana, most operations (especially core functions like token creation, exchange, and movement) do not require writing new contracts, which means developers can reuse existing pipelines on the client side without needing new security audits, thus enhancing development speed.Developers can integrate existing pipelines, exchanges, and Token Hooks with a small set of prompts. Furthermore, the previous disadvantage of Solana, where the low abstraction level of the Rust language made contract writing more difficult, has been effectively mitigated by AI. It is expected that several startups valued between $1 billion and $10 billion will emerge on Solana this year.

Vitalik Buterin stated that the current ZK-EVM has entered the alpha stage, demonstrating production-level performance, with the remaining major work focused on security; meanwhile, PeerDAS has officially launched on the Ethereum mainnet. Vitalik pointed out that this is not a gradual optimization, but rather a transformation of Ethereum into a new type of P2P network that simultaneously possesses decentralization, consensus mechanisms, and high bandwidth.He recalled that BitTorrent has high bandwidth but lacks consensus, while Bitcoin has consensus but is bandwidth-limited due to full replication; with the introduction of PeerDAS (data availability sampling) and ZK-EVM, Ethereum is expected to achieve decentralization, consensus, and high throughput simultaneously, solving the trilemma through "real code running on the mainnet." Among these, PeerDAS is already running on the mainnet, and ZK-EVM has reached production-level performance.Vitalik expects that starting in 2026, with the advancement of mechanisms like BAL and ePBS, the gas limit will gradually increase, and there will be practical opportunities to run ZK-EVM nodes; from 2026 to 2028, there will be gas repricing, state structure adjustments, and execution load entering blobs; by 2027 to 2030, ZK-EVM is expected to become the primary method for validating blocks on the network, further promoting an increase in the gas limit. Additionally, he mentioned the importance of distributed block construction, with the long-term goal of avoiding the complete construction of blocks in any single location and decentralizing block construction power through on-protocol or off-protocol means to reduce the risk of centralized intervention and enhance regional fairness.

Flow Foundation updates on the progress of fixes after the vulnerability incident. The Flow core development team has found a solution to restore EVM functionality during the Cadence fix work, and the EVM network is expected to be back online within 24 hours.Currently, parallel fixes for the second phase (Cadence) and third phase (EVM) are ongoing, followed by the fourth phase to restore bridging and exchange functionalities.

According to monitoring by ZachXBT, currently, hundreds of wallets have been subjected to small-scale thefts (with each victim losing less than $2,000) across multiple EVM chains, but the root cause has yet to be determined.So far, these wallets have been drained of approximately $107,000, and the total losses continue to rise.

According to the announcement from Hyperliquid, USDC has achieved native interoperability between HyperCore and HyperEVM, which is a key advancement for secure cross-chain access. In the future, it will replace the existing Arbitrum cross-chain bridge, and all USDC will be minted natively.The official statement indicates that the relevant features are still being gradually improved, and the migration will proceed under the premise of ensuring security, allowing ample adaptation time for users and developers. Currently, users and developers do not need to make any adjustments and can continue to use the Arbitrum bridge or HyperEVM for deposits and withdrawals. HyperCore has supported one-click deposits from the CCTP ecosystem and can automatically complete the minting process on HyperEVM. Circle has deployed the CCTP path from Arbitrum, and support for other chains will be rolled out successively.

The Ethereum Layer 2 network RISE has announced the acquisition of the team behind the Base network Perp DEX platform, BSX Labs. BSX Labs will assist RISE in developing order book infrastructure components that are composable and based on the Ethereum Virtual Machine (EVM) to connect with traditional financial markets.BSX token holders will be eligible for an airdrop of RISE's upcoming native token, with 1.5% of the total supply of RISE tokens allocated to the currently circulating BSX tokens. The BSX DEX will officially close on November 11, 2025, at 15:00 (UTC).

According to The Block, Injective launched its native EVM mainnet on its Cosmos-based Layer 1 blockchain on Tuesday, bringing full compatibility with Ethereum. This is a key step in Injective's "MultiVM" roadmap, which aims to create a unified multi-virtual machine environment on Layer 1 blockchain for seamless development and execution across multiple smart contract platforms.The ultimate goal is to enable developers to deploy applications on their preferred virtual machines—including WebAssembly, EVM, and Solana virtual machines—without changing the code, while sharing liquidity, assets, state, and modules across the entire ecosystem. Injective began testing its inEVM Layer 2 as early as 2023 and announced earlier this year that it would introduce native EVM support on its Cosmos-based Layer 1. According to Tuesday's announcement, Solana virtual machine support "has been included in the roadmap."

According to official news, Injective announced that the EVM mainnet is now live, enabling real-time trading speeds in a true MultiVM network.

Vitalik Buterin tweeted that the modexp precompile is extremely unfriendly to ZK-EVM, with the worst-case scenario reaching an average of 50 times the computational overhead per block. He called for an EIP to replace it with equivalent EVM code, even if it requires higher gas. He admitted that as the designer of modexp, he feels "ashamed" and pointed out that its usage is very low and increases the risk of consensus failure, stating that the efficiency of the entire Ethereum ecosystem should not be sacrificed for a very small number of needs.