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)
  1. Avatar of

    Wow beautiful

Leave a Reply

Your email address will not be published. Required fields are marked *


What Is Zksync Information About Zk Token

Editor Choice | Research | research

What is zkSync? Information about ZK Token

One of the most prominent projects in the realm of Layer 2 is zkSync, which is considered a solution comparable to Arbitrum and Optimism. So, what is zkSync? Is ZK token worth investing in? Let's find out!

How To Participate In The Memefi Airdrop

Airdrops | Editor Choice

How to Participate in the MemeFi Airdrop

Guide to Participate in Memefi Airdrop on Telegram - A Game Developed Similar to Notcoin and Heavily Supported by the Super Project - Linear Network.

How To Participate In The Fhenix Airdrop

Airdrops | Editor Choice

How to Participate in the Fhenix Airdrop

Fhenix is a Layer-2 solution for Ethereum that has successfully raised 22 million USD from various prominent investors. Join AZCNews in participating in the Fhenix Airdrop today!

Azcnews Market Dip Offers Opportunity For Investors To Buy The Dip


Market Dip Offers Opportunity for Investors to Buy the Dip

Despite Bitcoin falling below $65,000, some bullish speculators are still defending the market.

Binance Announces Mew Memecoin Listing On Binance Futures

Editor Choice | Altcoin

Binance Announces MEW Memecoin Listing on Binance Futures

Binance Exchange Announces Listing of Cat in a Dogs World (MEW) - A Memecoin Developed on Solana, on Binance Futures.