Injective recently introduced its first-ever EVM (Ethereum Virtual Machine) called inEVM. The EVM is capable of achieving true composability across Solana and Cosmos.
Injective completed the development of inEVM after collaborating with Caldera. Backed by Sequoia, the Layer 2 rollup infrastructure platform helped Injective throughout the process. inEVM will help Ethereum developers across the world gain access to Injective’s user base and global network.
It will provide developers with new opportunities, expanding the scope of their protocols. Injective plans to use inEVM to get benefits like fast transactions, instant finality, composability across Solana and Cosmos, shared liquidity, and a modular toolkit.
inEVM follows in the footsteps of inSVM, formerly known as Cascade. A while ago, the SVM (Solana Virtual Machine) rollup solution was integrated into the Inter-Blockchain Communication (IBC) ecosystem. The tool assisted developers of Solana in migrating their applications to Injective.
The development resulted in the developers reaching a new audience without making massive code changes.
Similarly, inEVM will also allow dApps to compose directly with the Solana and Cosmos apps. Thus, it will facilitate both intra- and inter-VM interoperability. It will lead to a seamless development experience without any standard barriers or complexities.
This is not the first time Injective has changed the Web3 scenario with an innovation. But with inEVM, the platform is set to redefine development for Ethereum developers. It will help them harness solidity to deploy apps on Injective.
The development augurs well for Injective’s plan to use decentralization to democratize the financial future. L1 solutions necessitate the cooperation of multiple networks, whereas Injective’s rollup services seamlessly connect these networks.
Since Injective allows developers to launch apps on different VM environments, it simplifies user interaction within Web3. In the coming months, the platform also plans on decentralizing validators and sequencers via novel solutions like Espresso Systems and Altlayer.