Ethereum

Orbit

Arbitrum

Injective

<h4><strong>This stellar performance was followed by a significant downturn this year.&nbsp; Undeterred by recent market fluctuations, Injective is now gearing up for a major expansion.&nbsp;</strong></h4> 
<p>Injective is launching its layer-3 network within the Ethereum ecosystem, leveraging technology from the Arbitrum layer-2 project.</p> 
<h5><strong>Injective’s Ethereum Expansion</strong></h5> 
<p>This ambitious project, named “inEVM,” aims to create a more interconnected blockchain environment. inEVM is compatible with Ethereum’s EVM, essential for running smart contracts.&nbsp;It will connect Ethereum, Cosmos, and Solana, promoting interoperability across major blockchains.</p> 
<p>The backbone of inEVM will be <a href="https://arbitrum.io/orbit" target="_blank" rel="noopener">Arbitrum’s Orbit toolkit</a>. Arbitrum offers scalable layer-2 solutions for developers to customize chains. This integration boosts Injective’s scalability and efficiency while ensuring blockchain network interoperability. Developers using the Orbit toolkit can leverage Arbitrum’s robust infrastructure to create tailor-made solutions while maintaining the ability to interact with a broad array of ecosystems.</p> 
<p><img decoding="async" class="wp-image-140983 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hthfdew-297x300.jpg" alt="" width="516" height="521" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hthfdew-297x300.jpg 297w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hthfdew-150x150.jpg 150w, https://www.altcoinbuzz.io/wp-content/uploads/2024/05/hthfdew.jpg 394w" sizes="(max-width: 516px) 100vw, 516px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://x.com/injective/status/1788215217316315592" target="_blank" rel="noopener">X</a></strong></h6> 
<p>The strategic decision to adopt Arbitrum’s technology could rejuvenate interest and activity around the <a href="https://www.coingecko.com/en/coins/injective" target="_blank" rel="noopener">INJ token</a>. Last year, the token’s exceptional performance set it apart in the digital asset markets. The introduction of inEVM might rekindle some of that enthusiasm, providing a fresh impetus for both developers and investors.</p> 
<h5><strong>More about Injective</strong></h5> 
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     The Injective community, in collaboration with <a href="https://x.com/Dojo_Swap" target="_blank" rel="noopener">DojoSwap</a>, is embarking on a joint venture to develop Injera and USDi. These initiatives aim to create a decentralized synthetic dollar token using Injective’s finance-focused Web3 infrastructure.
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    <h6 style="text-align: center;"><strong>Source: <a href="https://x.com/InjeraOfficial/status/1792714795541737653" target="_blank" rel="noopener">X</a></strong></h6> 
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           <p>The overarching goal is to establish a decentralized synthetic dollar token fully supported by Injective’s capabilities. This ensures its stability and reliability within the broader blockchain landscape.</p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/injective-unveils-ethereum-layer-3-network/">Injective Unveils Ethereum Layer-3 Network</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Injective Unveils Ethereum Layer-3 Network

Altcoin Buzz

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