Injective, a revolutionary blockchain platform designed for lightning-fast, cross-chain compatibility, has announced the debut of inEVM. This development marks the birth of the very first Ethereum Virtual Machine (EVM) with the ability to achieve true composability across two prominent blockchain ecosystems, Cosmos and Solana.
According to the protocol, inEVM emerging as a beacon of innovation in blockchain technology is a testament to the joint effort between Injective and Caldera, a roll-up platform that enables the release of dedicated blockchain via the backing of Sequoia and Dragonfly. The introduction of inEVM reaffirms Injective’s commitment to fostering seamless interoperability and empowering developers to build the future of Decentralized Finance (DeFi).
inEVM Ushers in an Era of Limitless Possibilities
In a world where blockchain ecosystems often operate in isolation, inEVM is set to break down these barriers. By harnessing the power of Injective’s composability, developers can now harness the EVM’s capabilities while seamlessly integrating with both Cosmos and Solana networks.
Meanwhile, composability, the ability for smart contracts and decentralized applications (dApps) to interact seamlessly across different blockchains, has long been a challenging endeavor. Traditional EVMs were confined to their respective networks, limiting the potential for cross-chain collaboration.
In contrast, developers, using the inEVM protocol can leverage the vast Ethereum (ETH) ecosystem, tapping into its extensive library of smart contracts and dApps, while enjoying the scalability and performance advantage of Cosmos and Solana. Interestingly, this amalgamation of technologies opens up a myriad of opportunities for DeFi applications, Decentralized Exchanges (DEXs), Decentralized Autonomous Organizations (DAOs), and more.
Notably, Injective’s commitment to pushing the boundaries of blockchain technology is evident in the introduction of inEVM. With its unparalleled ability to bridge ETH, Cosmos, and Solana, the protocol has set a new standard for interoperability, inviting developers and enthusiasts alike to come experience a new dawn.
Injective Launch Cascade Interoperability Solutions
Recall that in April, Injective introduced SVM (Solana Virtual Machine), previously known as Cascade into the Inter-Blockchain Communication (IBC) ecosystem. This innovation allowed Solana developers to migrate their applications to injective without stress.
Also in May, the blockchain network announced the activation of the Avalon upgrade on its mainnet, ushering in a wave of new use cases into the crypto community. One key aspect of the Avalon upgrade is its impact on the Proof-of-Stake (PoS) delegation mechanism, empowering users with greater control over their staked assets.