Aurora EVM is a cutting-edge technology that allows Ethereum Virtual Machine (EVM) compatible smart contracts to run on the Aurora blockchain, which is built on top of the NEAR Protocol. This technology enables developers to create decentralized applications (dApps) that are faster, cheaper, and more scalable than those built on the Ethereum network.

The Aurora EVM is designed to be fully compatible with the Ethereum network, which means that developers can easily port their existing Ethereum dApps to the Aurora network without any major modifications. This makes it an attractive option for developers who want to take advantage of the benefits of the Aurora network without having to start from scratch.

One of the key advantages of the Aurora EVM is its scalability. The Aurora network is built on top of the NEAR Protocol, which is a sharded blockchain that can process up to 100,000 transactions per second. This means that dApps built on the Aurora EVM can handle a much higher volume of transactions than those built on the Ethereum network, which is currently limited to around 15 transactions per second.

Another advantage of the Aurora EVM is its low transaction fees. Because the Aurora network is built on top of the NEAR Protocol, which uses a Proof-of-Stake (PoS) consensus algorithm, transaction fees are much lower than those on the Ethereum network, which uses a Proof-of-Work (PoW) consensus algorithm. This makes it more affordable for users to interact with dApps built on the Aurora EVM.

In addition to its scalability and low transaction fees, the Aurora EVM also offers advanced features such as cross-chain interoperability and support for non-fungible tokens (NFTs). This makes it an attractive option for developers who want to create complex dApps that require these features.

Overall, the Aurora EVM represents a significant step forward in the development of blockchain technology. By enabling Ethereum-compatible smart contracts to run on a faster, cheaper, and more scalable network, it has the potential to revolutionize the way we think about decentralized applications.

The data provided by Flipside has been used to handle this analysis.

• In this investigation, first of all, the performance of the Aurora chain has been investigated.
  • Block performance-> Total blocks, average time between blocks, Evolution of blocks over time.
  • Transactions and fee-> Total Transactions, Average transaction per day, Average and median Fee in USD, Share of successful transactions, Maximum and average transaction per second
• After that, the users of the Aurora network were analyzed based on various metrics.
  • Active and new users on Aurora
  • Average transaction per user
  • Time between first two transactions
  • User engagement and Frequency of usage-> Distribution of users based on the count of interactions
  • User Retention-> Count of active days from available days (from the first transaction) on the Aurora network
• Finally, the comparison between Aurora and other L2 chains has been performed.
  • Selected chains-> Arbitrum, Optimism and Aurora
  • Metrics-> Share of transactions, Attraction of new users, Average paid fee in USD, TPS, Success rate of transactions