Crypto VM competition comes to an end From the previous cycle's WASM, SVM, MoveVM, etc. to this cycle's RISC-V, etc. In the previous cycle, we could see many EVM compatible products, but we could also see many challengers, such as the @ cososhub ecosystem hovering between WASM and EVM compatible products, and @ polkadot officially promoting WASM in the previous cycle. Recently, we have seen that these two teams are focused on EVM compatibility. In the financial scenario, in the context of liquidity first, it is difficult for anyone to challenge the entire developer infrastructure of ETH. It has become the de facto standard, leaving a small share of the market to the svm (solana) system and the movevm (aptos, sui) system. And the new spark of stars, Risc-v, is still too early (including some emerging public chain layouts Risc-v and some zk projects that are mainly based on Risc-v, but most of them are compatible with EVM series) The Cosmos decision is: -EVM is the core development support, and Wasm has been assigned to a chain team in the ecosystem, providing partial financial support. @Polkadot's decision is: By achieving 100% compatibility with EVM through REVM, a preview version of PVM (Risc-v VM) will be released (this is the future, not the present, and a more practical strategy. The greater value of PVM lies not only in its performance and system advantages, but also in the future, rather than the present, if non-financial scenarios in web3 become prosperous) -Polkadot Hub will support 100% EVM compatibility in mid December! Improve the speed of Ethereum developers and third-party services accessing Polkadot -And continue to build PVM preview support at the same time . Main decisions and changes -Full focus on EVM compatibility development. EVM compatibility is based on the widely used and audited REVM implementation, balancing speed and security. The goal is to deliver complete EVM compatibility and PVM preview support (dual stack coexistence compatible Hardhat/Foundry toolchain) by mid December 2025 -REVM+pallet live: Supports coexistence of EVM and PVM dual stack, compatible with Hardhat/Foundry toolchain, --Developers can deploy Solidity contracts natively, supporting advanced features such as Anvil development nodes, XCM precompilation, and cross contract calls Roadmap: The first phase of PVM preview (Kusama) has been launched Kusama will launch PVM preview phase two in September, including ERC20 and basic XCM Kusama Hub launches 100% EVM compatible REVM in late October Mid December: Polkadot Hub launches REVM and PVM preview versions Partial @ Polkadot information from @ alice_und-bob @ polkaworld_org