Is Moonbeam EVM compatible?

Could you please clarify if Moonbeam is indeed EVM (Ethereum Virtual Machine) compatible? This question arises as the compatibility of blockchain platforms with the EVM can significantly impact their interoperability, as well as their ability to support a wide range of decentralized applications and smart contracts that have been developed for the Ethereum network. Additionally, being EVM compatible can also open up opportunities for Moonbeam to tap into the vast ecosystem and user base of the Ethereum network, potentially leading to increased adoption and usage of the platform.