- Injective announces launch of inEVM is live on mainnet.
- inEVM allows Ethereum developers to launch their apps on Injective without having to change the code.
- Injective Protocol’s successful launch of the inEVM Layer 2 on its mainnet is highlighted as a groundbreaking achievement, positioning it as the first Ethereum Virtual Machine (EVM) rollup capable of achieving true composability across Cosmos and Solana.
- The article emphasizes that this strategic move aligns with Injective’s broader goal of establishing a network of “Electro Chains” to expand its Layer 2 ecosystem and improve interoperability with other blockchains.
Injective announced it is introducing inEVM Layer 2 rollup solution on mainnet after concluding a “successful” testnet.
Ethereum developers may launch their apps on Injective, including decentralised exchanges, without having to change the code thanks to Injective’s inEVM.
Designed to create the best Web3 finance applications, Injective is a layer one blockchain that is incredibly fast and interoperable. With Injective, developers can create unrivalled dApps with powerful plug-and-play modules. The native resource that drives Injective and its quickly expanding ecosystem is called INJ.
1/ Injective #inEVM is live on mainnet, the first ever rollup designed to supercharge concurrent VM development.
inEVM enables Ethereum developers to build dApps that leverage blazing fast speeds & near zero fees while achieving composability across WASM and EVM
Read on 👇 pic.twitter.com/OXtPQTVnvx
— Injective 🥷 (@injective) March 7, 2024
inEVM was developed in cooperation with the rollup provider Caldera and the interoperability protocols Hyperlane and Layer Zero, inEVM was developed.
Caldera enables the release of specific blockchains. Caldera provides unmatched performance, inexpensive costs, and the ability to customise gas.
Injective #inEVM is live on mainnet, the first ever rollup designed to supercharge concurrent VM development. inEVM enables Ethereum developers to build dApps that leverage blazing fast speeds & near zero fees while achieving composability across WASM and EVM.
The rollup will use Celestia as the Data Availability (DA) layer and Pyth Network as the oracle provider.
Ethereum developers can now create apps that can take advantage of Injective’s lightning-fast speeds and almost no costs thanks to its inEVM, all while achieving composability with both the WASM and EVM worlds.
This makes Injective the only L1 blockchain that can combine the speed of Solana, the developer access of Ethereum, and the interoperability of Cosmos.
The way Ethereum developers engage with the larger blockchain community is expected to change as a result of inEVM. Developers in a sandbox environment can take advantage of Injective’s benefits such as unmatched transaction times, reduced fees, and connectivity to the IBC network.
They can simultaneously open up their dApps across layers and protocols, such as Ethereum and Solana, by using the same Solidity language as that on Ethereum.
Recently, Injective had become the first non-Ethereum blockchain to include Ethena’s USDe is Injective (INJ). In contrast to conventional stable assets, USDe depends on cutting-edge innovations like delta-hedging and well-established assets like ETH to sustain its peg to the dollar. It is also completely backed on-chain and free to compose on other protocols.
Injective Protocol’s recent launch of the inEVM Layer 2 on its mainnet marks a significant stride towards achieving true composability across Cosmos and Solana. Positioned as the first Ethereum Virtual Machine (EVM) rollup with such capabilities, Injective aims to foster a network of “Electro Chains,” expanding its Layer 2 ecosystem and bolstering interoperability with other blockchains.
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.
