Introduction

Ethereum pioneered smart contracts and allowed trustless, permissionless compute from anywhere in the world with no central actors. However, Ethereum's severe limitations - small block size and low TPS - have been a perpetual bottleneck in the chain's broader adoption.

Ethereum can be up to 1000x more expensive than alternative L1s. Transactions routinely cost $50+, even going up to $200+ for a simple swap during high-traffic times.

The development experience is made even worse by the high cost of deploying smart contracts. A single deployment can cost upwards of 0.2E. Low TPS has also allowed bad actors to extract value from transacting users in the form of MEV. Hundreds of millions are lost every year to MEV bots frontrunning transactions.

At the same time, the dominant token standard - ERC-20 - relies on third-party tools for most basic functions such as swapping tokens or locking liquidity. This introduces additional layers between the user and the token smart contract, and each layer adds further complexity and vulnerabilities.

The result is prohibitively high gas cost, perpetual threats of sandwich bots, and an increasingly frustrating user experience.

We believe there is a better way: EV Terminal.