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.

EVM-compatible smart contracts refer to software that the computing state of the Ethereum blockchain can understand.

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.

“With layer-2s able to only publish critical data to ETH layer-1, the costs for interacting with layer-2s should…

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