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What is Flow EVM?

Flow EVM is a fast EVM equivalent blockchain with low fees, making it an ideal Ethereum alternative for apps that need both performance and affordability. With EVM equivalency, Solidity developers can deploy existing contracts on Flow without rewriting code, instantly gaining access to Flow’s ultra-fast transactions, low costs, and mainstream scalability. Builders can tap into Flow’s unique IPs and large user base with no implementation risk.

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Key Features

  • EVM Equivalence: Full compatibility with Ethereum smart contracts and tooling
  • Ultra-Fast Performance: Transaction throughput peaked to 2M daily transactions during 2023
  • Low Gas Fees: Ultra-low cost gas fees with support for gasless experiences through sponsored transactions
  • MEV Resilience: Robust design offering improved market efficiency, fairness, and trust for DeFi apps
  • Cross-VM Integration: Seamless token transfers between EVM and Cadence environments
  • Account Linking: Advanced account abstraction model enabling smooth user onboarding

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Performance & Scalability

  • Daily Transaction Volume: Sustained similar average transaction volume as Ethereum
  • Scalability: Currently scalable to 5x more transactions with further performance optimizations
  • State Space: Extensible to petabyte scale for onchain application data storage
  • Multi-Node Architecture: Innovative distributed consensus with flexible transaction model
  • Parallel Execution: Further throughput optimization capabilities coming soon

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Technical Architecture

  • EVM Transactions: Composed and executed within Cadence transactions
  • Native VM Token Bridge: Instant cross-VM token transfers in single atomic transactions
  • Shared Gas Token: Both EVM and Cadence environments use FLOW as gas
  • Hybrid Capabilities: Expand EVM limitations using Cadence’s powerful account model
  • Multi-Role Node Architecture: Heterogeneous node roles ensuring MEV resilience

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Ecosystem Highlights

  • Seamless integration for Ethereum developers with existing toolchain
  • Best-in-class UX through Account Linking and account abstraction
  • Support for both EVM and Cadence smart contract environments
  • Novel use-cases through VM integration patterns
  • Strong economic disincentives for collusion and frontrunning attacks

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Data on Dune

Raw Data

Access to raw blockchain data including blocks, transactions, logs, and traces

Decoded Data

Human-readable contract interactions and events

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Resources

Flow EVM Documentation

Official documentation for developers building on Flow EVM