March 10, 2024

Injective's inEVM Mainnet Integration Bridges Ethereum, Solana, and Cosmos

Injective's latest milestone sees the launch of inEVM, a layer 2 rollup solution leveraging the Ethereum Virtual Machine. This integration heralds a new era of interoperability, connecting Ethereum with Solana and Cosmos blockchains.

Injective (INJ), a pioneering blockchain platform, has achieved a significant breakthrough with the launch of inEVM, its layer 2 solution. This advancement enables seamless connectivity between Ethereum, Solana, and Cosmos ecosystems.

Technologically, inEVM represents a rollup scalability solution built atop the Ethereum Virtual Machine. It promises economical transactions and innate compatibility between WebAssembly (WASM) and EVM environments.

Injective's distinction lies in its ability to offer developers an interconnected environment for financial application development without necessitating code modifications — a feat made possible by its interoperability across multiple programming languages, a first among L1 chains.

Integral to inEVM's architecture are messaging layers like Hyperlane and LayerZero, facilitating uninterrupted data and resource flow. Celestia serves as the data availability layer, while Pyth functions as the decentralized oracle.

Injective's inEVM launch follows the successful completion of the Caldera testnet phase, validating the network's functionality and reliability. With the mainnet release, Injective advances towards its overarching goal of establishing a network of 'electro chains', enhancing ecosystem expansion and blockchain interoperability.

This development empowers native Ethereum dApps to operate seamlessly on networks such as Cosmos and Solana, unlocking the full potential of the Web3 realm.

Eric Chen, CEO and co-founder of Injective Labs, emphasized the revolutionary nature of inEVM, envisioning it as a pivotal component in scaling on-chain finance globally, both within traditional and decentralized finance realms.

Although the mainnet launch deviated from the original roadmap timeline, the decision was deliberate, aiming to ensure a robust ecosystem with a diverse array of dApps. Notable among these are TimeSwap, a lending protocol, and Thetanauts, an on-chain options protocol, both attracting significant investments from prominent firms like Polychain Capital, Delphi Digital, and Bain Capital Crypto, among others.

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