- Injective introduces inEVM to improve interoperability between Ethereum, Cosmos, and Solana.
- To enhance tokenomics, InEVM has integrated a method for burning tokens.
- The new network improves transaction efficiency and promotes cross-chain asset liquidity.
- Injective declared the opening of the inEVM, a Layer-3 network powered by Arbitrum’s Orbit toolkit.
By enhancing connectivity across the Ethereum, Cosmos, and Solana networks, it seeks to expand the capabilities and interoperability of blockchain technology.
Blockchain Interoperability is Enhanced by Injective and Arbitrum
Integration with the Ethereum Virtual Machine (EVM) is made possible by the inEVM network’s architecture. With Arbitrum’s technology, developers may use it to design chains that are configurable and compatible with a variety of ecosystems.
For Injective, which mostly employs Cosmos technology, this extension is essential. Eric Chen, a co-founder, underlined the significance of this development.
The Injective ecosystem’s tokenomics heavily depend on the integration as well. A portion of all protocol fees are accumulated and methodically destroyed by a burning device. Consequently, by increasing transaction processing efficiency, the new Injective Layer-3 network builds an ecosystem that is economically viable.
It is important to note that the foundation of this integration is Arbitrum’s Orbit toolbox. Offchain Labs has developed a suite of tools that facilitate the development of secure, scalable, and effective Layer-2 solutions.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
