Injective today is introducing the launch of inEVM, the first-ever Ethereum Virtual Machine capable of achieving true composability across Cosmos and Solana. The inEVM network was developed in collaboration with Caldera, a L2 rollup infrastructure platform backed by Sequoia.
With inEVM, Ethereum developers gain unprecedented access to Injective’s global network and user base, offering a new realm of opportunities to expand the reach of their protocols.
inEVM touts several major benefits for developers including ultra-fast speeds due to a parallelized structure, instant transaction finality, a modular toolkit, shared liquidity, and composability across the Cosmos IBC universe alongside Solana.
This latest development follows the recent release of Injective’s inSVM (formerly known as “Cascade”), the first Solana Virtual Machine (SVM) rollup solution integrated into the larger Inter-Blockchain Communication (IBC) ecosystem. This innovation has empowered Solana developers to effortlessly migrate their applications to Injective, extending their reach to a broader audience without the need for significant code modifications.
dApps launched on the inEVM layer would be able to compose directly with Cosmos and Solana applications. As a result, both inter and intra VM interoperability would be achieved by builders on the inEVM layer. This in turn results in far more seamless development experience devoid of traditional complexities and barriers.
Injective has long been pioneering groundbreaking technology in Web3, and its latest creation, inEVM, is poised to redefine the way Ethereum developers interact with the broader blockchain universe. With inEVM, Ethereum developers can harness the power of solidity to seamlessly deploy their applications into the Injective ecosystem.
Injective’s overarching mission is to democratize the financial future by fostering decentralization across the blockchain landscape. The rise of Layer 1 solutions requires different networks to work together smoothly, and Injective’s rollup environment acts as the conduit that dynamically connects these networks. By enabling developers to swiftly launch their applications on multiple VM environments and simplifying user interaction with Web3, Injective is forging a cohesive, user centric Web3 environment, where collaboration prevails over competition. Moving forward, there are also plans to decentralize sequencers and validators using novel solutions such as Altlayer and Espresso Systems.
“inEVM will enable Ethereum developers to effortlessly deploy applications on across Injective rollups while also tapping into an expansive network of users and liquidity,” said Eric Chen, co-founder and CEO of Injective Labs. “This marks a significant stride forward for Web3, as we work towards creating a fully integrated ecosystem, where developers and users can maximize the benefits of an optimized infrastructure stack without being hindered by barriers between networks.”
Injective’s launch of inEVM underscores its dedication to driving innovation and collaboration in the blockchain space. As the global financial landscape evolves, Injective continues to stand at the forefront, facilitating the growth and development of Web3 finance.
About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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About Caldera
Caldera is a rollup development platform that allows for the release of dedicated blockchains. Caldera offers unprecedented performance, low fees and gas customization capabilities. Caldera is backed by leading investors including Sequoia and Dragonfly.