Ethereum

Injective

when

Cosmos

After completing a "successful" testnet, Injective announced it is launching inEVM Layer 2 rollup solution on mainnet, according to a statement.
The launch of inEVM, which the company says is the first Ethereum Virtual Machine rollup "capable of achieving true composabiity across Cosmos and Solana," fits into Injective's strategy of establishing a network of "Electro Chains" that can expand its Layer 2 ecosystem and enhance blockchain interoperability.
Injective's inEVM allows Ethereum developers to deploy their applications, such as decentralized exchanges, on Injective, without the need for code alterations.
"inEVM is a revolutionary solution bringing forth the first truly composable layer for scaling on-chain finance on traditional finance’s (TradFi) global scale,” Eric Chen, Injective Labs CEO and co-founder, said in the company's statement. “We’re setting the foundation for more collaboration among the blockchain community."
Last September, Injective released the testnet of inEVM in partnership with Caldera, allowing Ethereum applications to run natively on the network. "The benefit of being able to simply deploy your contract without having to make modifications to your existing contract elsewhere has had a lot bigger impact than we thought,” said Chen, when asked about what Injective learned from the testnet.

Injective Launched inEVM Layer 2 Rollup Achieving Composability Across Cosmos and Solana

TokenInsight

Other articles published on Mar 8, 2024

Fed’s Powell allays digital dollar anxiety as nations ramp up CBDC efforts

Zircuit Staking Program Breaks $500M TVL And Adds Ethena Integration

Jerome Powell Makes Crucial Statement for Crypto Market: Details

SEC Delays Decision on Bitcoin ETF Options

Philippines Advances Plans for Wholesale CBDC with Project Agila

NFT Sales Pump 20% This Week, As Bitcoin & Ethereum NFT Sales Explode +10%

Join our free newsletter for daily crypto updates!