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- IOTA introduces EVM Mainnet, enhancing blockchain capabilities for real-world asset integration.
- Launch includes smart contracts, cross-chain functionality, and strong infrastructure support.
According to Today’s IOTA’s EVM Mainnet Unleashed update, as of June 4, 2024, IOTA has officially launched its EVM (Ethereum Virtual Machine) Mainnet. Recent infrastructure upgrades and new tools are set to enhance the functionality and adoption of the IOTA EVM. This update follows the recent CNF post about IOTA’s EVM Leap: Next-Gen Infrastructure Upgrades Unveiled.
Collin Brown, a prominent member of the crypto community and blockchain expert, highlighted the announcement of the EVM-compatible Layer 2 solution, IOTA EVM, which introduces features such as smart contracts, cross-chain functionality, parallel processing, and enhanced security against MEV attacks.
#IOTA announces the launch of the EVM-compatible Layer 2 solution, IOTA EVM, introducing features such as smart contracts, cross-chain functionality, parallel processing, and enhanced security against MEV attacks. IOTA EVM will focus on the RWA direction, with partners including… pic.twitter.com/HDUvXeVsXz
— Collin Brown (@CollinBrownXRP) June 4, 2024
The IOTA EVM Mainnet offers full compatibility with Ethereum’s EVM, allowing seamless deployment of Solidity smart contracts. It includes innovative features like parallel transaction processing for enhanced scalability and IOTA’s unique Layer 1 Native Asset Framework, ensuring secure and fair transaction processing by preventing front-running and value extraction.
Interoperability and Real-World Adoption
IOTA EVM facilitates smooth interactions across both EVM and non-EVM chains, pushing the boundaries of real-world adoption. Its commitment to regulatory-friendly environments is underscored by its official registration as a DLT foundation in the Abu Dhabi Global Market and its compliance with the German regulatory framework.
This positions IOTA to bridge traditional sectors with crypto-native applications, particularly in the realm of Real-World Asset (RWA)-centric DeFi ecosystems.
Comprehensive Infrastructure and Ecosystem Support
The launch of IOTA EVM is backed by a strong network of infrastructure providers, including Stargate Finance, LayerZero, Blast API, Pyth Network, Supra, and Goldsky. These partners offer essential services such as liquidity transport, interoperability protocols, reliable node infrastructure, decentralized price and data feeds, and powerful data indexing.
This robust support framework ensures that developers and users can leverage IOTA EVM for building and accessing next-generation decentralized applications.
Celebration and Engagement
To celebrate this milestone, IOTA invites the community to join a launch party on Discord and X on June 5. The event will feature prize opportunities, project showcases, and a roundtable discussion with Co-Founder Dominik Schiener and the IOTA team. This launch underscores IOTA’s commitment to innovation and community engagement, paving the way for future developments in the blockchain ecosystem.
At the time of this development, according to Today’s Coin Market Cap, IOTA trades at $0.2314, having surged by 7.11% in the past day and 0.98% in the past week.