TL;DR
- Injective launches its Layer-3 network, inEVM, with Arbitrum’s Orbit technology. It will provide more interoperability and enhanced functionalities.
- The main goal is to strengthen connectivity between Ethereum, Cosmos, and Solana.
- A mechanism to burn a portion of protocol fees will be implemented, increasing transaction processing efficiency and contributing to economic sustainability.
Injective, a blockchain technology platform, has launched its Layer-3 network, known as inEVM. Powered by the powerful Orbit tool of Arbitrum, it represents a key advancement in the quest for increased interoperability and enhanced functionalities in the blockchain ecosystem.
The inEVM network’s main goal is to strengthen connectivity between some of the major blockchain networks, including Ethereum, Cosmos, and Solana. Such a focus on interoperability is crucial for overcoming current barriers and enabling assets and liquidity to operate smoothly and efficiently across different ecosystems.
inEVM is unveiling its integration with @arbitrum today!
By customizing Arbitrum’s unique Orbit stack, inEVM unlocks new frontiers for developers everywhere, empowering them with lightning fast speeds and robust interoperability.
Details 👇https://t.co/NTnWHrFfQx
— Injective 🥷 (@injective) May 8, 2024
One of the most important features of the inEVM network is its ability to integrate with the Ethereum Virtual Machine (EVM), making it easier for developers to create customizable chains using Arbitrum’s technology. This integration ensures strong compatibility between various protocols and opens up new opportunities for innovation.
Eric Chen, co-founder of Injective, stated that the integration “goes beyond just building networks or blockchain infrastructure. We’re actually bridging the gap between Ethereum, Cosmos, and other widely adopted L1s, allowing assets and liquidity to seamlessly interchange.”
Injective Proposes a More Efficient and Gapless Blockchain
In addition to the benefits in terms of interoperability, the integration with Arbitrum also becomes relevant in the tokenomics of the Injective ecosystem. A mechanism to burn a portion of protocol fees is implemented, increasing transaction processing efficiency and contributing to the long-term economic sustainability of the ecosystem.
The underlying technology and source of integration is Arbitrum’s Orbit, developed by Offchain Labs. This suite of tools offers scalable, secure, and efficient Layer-2 solutions that are critical to the success and functionality of the inEVM network.
Injective and Arbitrum are working diligently to improve interoperability between different networks and lay the groundwork for a more efficient and sustainable ecosystem in the long run.
