Summary
TLDR: A report by Flipside Crypto shows that over 637 million EVM smart contracts have been deployed on layer-2 blockchains since January 2022. DeFi smart contracts are the most popular, with Optimism being the leading deployment chain. NFT smart contracts have decreased in popularity. “Other” smart contracts make up the majority of deployments, indicating increased experimentation and diversification in the space.
Key Points
1. A Flipside Crypto report shows that over 637 million Ethereum Virtual Machine (EVM) smart contracts have been deployed across seven layer-2 blockchains since January 2022.
2. EVM-compatible smart contracts refer to software that the computing state of the Ethereum blockchain can understand.
3. With scaling solutions becoming more efficient and accessible, fewer EVM contracts are directly deployed on the Ethereum blockchain. With the Dencun update around the corner — which will introduce blob transactions and other infrastructure upgrades — this trend is likely to accelerate.