The parallel EVM track is crowded, and the founders can't sit still

Written by: Kaori

Source: BlockBeats

Recently, meme coins have been shining in the market, and sector rotation is now measured in hours. It's evident that everyone is getting more anxious, but there are also some interesting things worth sharing. In recent days, Sei founder Jay and Eclipse founder Neel Somani have been sparring multiple times, attracting attention.

On March 21, Jay posted on social media expressing his "deep skepticism towards projects that raise large amounts of funding (over $50 million) from venture capital. There is a lot of hype before the launch, but there are very few examples of successfully established ecosystems afterward."

Subsequently, Neel retweeted, stating "I have always had deep skepticism towards projects that raise large amounts of funding (over $30 million) from venture capital. There is a lot of hype before the launch, but there are very few examples of successfully established ecosystems afterward," accompanied by a screenshot of Sei's announcement of funding, which added fuel to the fire.

This morning, Jay posted that "Sei v2 will combine the best parts of Solana and Ethereum," to which Neel retweeted the tweet replying, "This wording sounds a bit familiar." We know that Eclipse just completed a $50 million funding round in March, and its main selling point is bringing Solana's SVM into the Ethereum ecosystem.

Both are working on parallel EVMs, and there are bound to be conflicts in narrative, but this is not the first time Jay has made "spicy comments" about other projects. On March 20, Jay posted, "I will always have deep skepticism towards anyone claiming infinite horizontal scalability. Either they don't know what they're talking about, or it's purely a marketing gimmick."

This was aimed at Fantom's recently launched Fantom Sonic, which claims to achieve "infinite parallel horizontal scalability based on ZK proofs." Jay even went to the comments section of AC to directly confront, asking, "Can you elaborate on how to achieve infinite horizontal scalability without sacrificing synchronous composability?" The level of competition in the parallel EVM track is evident.

Sei's V2 version has yet to be launched, while Monad, which went live on the internal testnet on March 12, is on its way. Eclipse's previous high funding also proves that capital is betting on this track. Meanwhile, Paradigm is negotiating a round of funding exceeding $200 million for leading Monad Labs.

In addition to these well-known major projects entering the field, some older projects are also making parallel-related upgrades. Solana utilizes its Sealevel technology to achieve parallel smart contract processing, Sui enhances throughput through Narwhal and Bullshark components, Fuel achieves parallel transaction execution through the UTXO model, and Aptos uses the Block-STM engine to improve transaction processing capabilities, all showcasing different implementations and advantages of parallel technology in the blockchain field.

It is clear that the competition in the parallel EVM track is becoming increasingly fierce.