Injective Deploys Mainnet for Layer-2 inEVM

After six months of deploying the inEVM testnet, Injective officially releases the mainnet for this layer-2.

Azcnews Breaking

According to the announcement on March 7th, the layer-1 blockchain built on the Injective Cosmos infrastructure has initiated the deployment of the inEVM layer-2 onto the mainnet. The company positions its solution as the first Ethereum Virtual Machine rollup capable of truly integrating with Cosmos and Solana.

inEVM is part of Injective’s strategy to establish the “Electro Chain” network, expanding the layer-2 ecosystem and scalability to other blockchains.

Currently, inEVM utilizes Celestia’s DA layer, Pyth Network’s Oracle, and technologies from LayerZero, TimeSwap, Thetanauts. inEVM facilitates Ethereum dApp developers to easily connect and deploy their applications on this layer-2, opening up new opportunities for Injective.

In September 2023, Injective began deploying a testnet for inEVM in collaboration with Caldera, a custom rollup solution developer. Initially, Injective planned to launch the mainnet for inEVM in the fourth quarter of the previous year but decided to postpone it until today.

Also, in the past year, the project raised $40 million from Jump Crypto and introduced a $150 million ecosystem development fund with the participation of Pantera, Jump Crypto, Kraken Ventures, Kucoin Ventures, and Delphi Labs.

Related: What Is Injective Protocol? All About INJ Token?

INJ Chart After the Announcement from Injective

Chart Injective

INJ/USDT chart on Tradingview at 06:33 AM on March 8, 2024 (UTC)

(3 votes)

5.0/5

(3 votes)
  1. Avatar of
    Anonymous

    Wow beautiful

Comments are closed.

Latest

How To Participate In Portal Airdrop (v2)

News | Airdrops | Editor Choice

How to Participate in Portal Airdrop (V2)

Join the airdrop hunt for the Portal Dex project—a DeFi platform on Bitcoin that has successfully raised $42.5 million and has just launched its free Testnet V2 program.

How To Start Mining Interlink

Airdrops | Editor Choice

How to Start Mining InterLink Airdrop

Join the InterLink airdrop campaign by mining free tokens directly on your mobile device — and get a chance to receive future airdrops!

Trump Coin Team Dumps $20 Million Worth Of Tokens

News | Editor Choice | Memecoin

TRUMP Coin Team Dumps $20 Million Worth of Tokens

TRUMP Coin shook the market as its team dumped nearly $20 million worth of tokens just before a private dinner with Donald Trump, amid calls from U.S. senators for an investigation into the event.

How To Participate In The 3dos Airdrop

Airdrops | Editor Choice

How to Participate in the 3DOS Airdrop

Join the hunt for the 3DOS airdrop, a project developed and actively supported by Sui Network. Currently, the project allows you to earn points by installing the extension. Don't miss this opportunity!

How To Participate In The Kast Airdrop

Airdrops | Editor Choice

How to Participate in the Kast Airdrop

Join the Kast airdrop hunt! The project has successfully raised $10 million and is currently allowing users to earn free points, which can later be converted into tokens. Don't miss this opportunity!