Key Points
- Injective's inEVM Layer 2 rollup solution is now live on mainnet after a successful testnet phase.
- The launch aims to foster more collaboration with Ethereum, Cosmos, and Solana.
Injective has successfully launched its inEVM Layer 2 rollup solution on the mainnet. This follows a successful testnet phase.
The company's inEVM is claimed to be the first Ethereum Virtual Machine rollup that can achieve true composability across Cosmos and Solana. This aligns with Injective's previously stated strategy of creating a network of "Electro Chains" to expand its Layer 2 ecosystem and enhance blockchain interoperability.
Features of inEVM
The inEVM by Injective allows Ethereum developers to deploy their applications, such as decentralized exchanges, on Injective without any code alterations. Eric Chen, CEO and co-founder of Injective Labs, stated that inEVM is a groundbreaking solution that scales on-chain finance on the global scale of traditional finance. He also emphasized the initiative's goal of fostering more collaboration within the blockchain community.
In September last year, Injective released the testnet of inEVM in partnership with Caldera. This allowed Ethereum applications to run natively on the network. Chen highlighted the significant impact of being able to deploy contracts without modifying existing ones elsewhere.
Future Plans
Despite initial plans to launch the inEVM mainnet in the fourth quarter of last year, the launch was postponed to ensure the best timing for all parties involved. Chen said that the delay allowed many developers to kickstart the ecosystem with already deployed dApps.
Projects that will be released on Injective's inEVM mainnet include Celestia, Pyth, TimeSwap, and Thetanauts. Last year, Injective Labs launched a $150 million ecosystem fund with contributions from Pantera, Jump Crypto, Kraken Ventures, Kucoin Ventures, and Delphi Labs, among others.
