Parallel EVM: A New Direction to Break Through Blockchain Performance Bottlenecks

Parallel EVM is a new narrative that emerges after on-chain transaction volumes reach a certain level. It is mainly divided into two categories: monolithic blockchains and modular blockchains, with monolithic blockchains further divided into L1 and L2. Currently, it is in the early stages of development, with broad market prospects.

The technical implementation of the parallel EVM is mainly divided into two aspects: the virtual machine and the parallel execution mechanism.

• The virtual machine is a virtual process virtual machine for distributed state machines, used to execute smart contracts.
• Parallel execution refers to executing multiple transactions simultaneously, ensuring that the final state is consistent with serial execution.

The parallel execution mechanism is divided into three main categories:

1. Message Passing
2. Shared memory ( memory lock model and optimistic parallelization )
3. Strict State Access List

Various mechanisms have increased technical complexity.

The narrative of parallel EVM has both intrinsic drivers for industry growth and requires attention to potential security issues. Each target project provides parallel execution ideas in different ways, having both technical commonalities and unique contributions.

Main projects include:

• L1 Blockchain: Sei, Monad, Canto, etc.
• L2 Solutions: Neon, Eclipse, Lumio, etc.
• Modular: Fuel

The future of parallel EVM still has great room for development and is worth continuous attention. For investors, in addition to focusing on technology, it is also necessary to analyze various factors such as market capitalization and liquidity to uncover potential projects.