With the recent launch of inEVM, Layer 2 Protocol Injective (INJ), has achieved a major milestone. Layer 2 rollup Mainnet solution. This technology introduces a Ethereum Virtual Machine (EVM), which opens up new possibilities for developers, and allows blockchain interoperability.
InEVM integrates with Ethereum (ETH), Cosmos ATOM, and Solana SOL to create a multi-chain eco-system that combines advantages from different virtual machine environments.
InEVM for Ethereum, Cosmos and Solana
According to the March 7, announcementInEVM (inEVM layer 2 rollup solution) allows developers to create applications using Ethereum’s programming language Solidity on Injective’s platform.
This technology is able to connect different blockchain networks through the use of Cosmos and Solana. InEVM uses Caldera for the rollup, Hyperlane for the messaging layer and LayerZero to transfer data and assets. Celestia is used as the Data Availability layer and Pyth, as an Oracle provider.
The collaborations were designed, according to reports, to ensure that “secure and robust” Developers can deploy their projects using the environment.
Injective has also enabled Ethereum to be able to use inEVM. developers To onboard to its platform, while maintaining compatibility with the wider blockchain space.
Developers can now benefit from Injective, which offers benefits such as fast transaction speeds, low fees and access to Inter-Blockchain Communication Network (IBC).
InEVM is also claimed to be a sandbox that will allow developers to familiarize themselves with Injective, bridging the gap between Ethereum’s EVM and Injective. WebAssembly (WASM) backbone.
TimeSwap & Thetanauts Create Waves in Injective Platform
Injective inEVM also boasts its integration with Caldera and Hyperlane. It is compatible with existing infrastructure and smart contract standards.
This integration is designed to enable interoperability across virtual machine environments and facilitate collaboration, thus paving the path for a “unified blockchain ecosystem.”
According to the release, developers will benefit from being able to leverage the strengths and synergies of Ethereum, Cosmos and Solana, while still maintaining true modularity. interoperability.
Lastly, it was announced by the protocol that several projects had already adopted inEVM on the Injective platform. Notable is the TimeSwap protocol which raised over $200 million in funding from investors such as Polychain Capital Delphi Digital and Bain Capital Crypto. Thetanauts is an on-chain option protocol that has chosen to use the inEVM.
Injective’s native token INJ, has experienced a noticeable uptick after stagnating and losing 3% in the past week. INJ is currently trading at $43.20. It has increased by over 13% after Injective launched its inEVM.
The token has continued to rise over the remaining time frames. The token’s price has risen by over 120% since the beginning of the year. It also grew by 37% within the last 30 days and 23% during the past 14-day period. The 2nd of March is a day to celebrate.
Chart from TradingView.com, image from Shutterstock
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