cryptonews.net
Last week, Yves La Rose, director of the EOS Network Foundation, a network development organization, announced the launch of an EOS-compatible Ethereum virtual machine next month. With EOS EVM, the EOS Network Foundation wants to allow developers to build EOS-compatible Ethereum decentralized applications. The solution will offer access to open source libraries, SDKs, and tools such as Hardhat and Truffle.
After the EOS EVM release date was announced in early March, the price of the native blockchain token rose to over $1.3. Since then, its price has dropped to around $1.2, still up 9% in 7 days.
The protocol’s total value locked (TVL) is less than $150 mln, compared to $28 bln on Ethereum, according to data from DeFiLlama, which hosts nearly 700 DApps on the second blockchain in the market and only 21 on the one that previously called itself the “Ethereum Killer.”
Image: EOS Network Foundation