Injective’s Game-Changer: inEVM Opens Ethereum’s Door to Cosmos and Solana

• Blockchain protocol Injective introduces a unique Ethereum Virtual Machine, dubbed inEVM, the blockchain ecosystem. 
• By design, inEVM will bring composability to both the Cosmos network and the Solana network, while presenting developers with a handful of perks. 

In a recent announcement Injective, a leading blockchain protocol has disclosed the launch of an Ethereum Virtual Machine. Dubbed inEVM, the machine is by design, compatible with Cosmos and Solana networks.

Notably, inEVM, is the first-ever Ethereum Virtual Machine that has the capability of bringing composability to Cosmos and Solana. inEVM was developed in partnership with a L2 rollup infrastructure platform backed by Sequoia, known as Caldera.

The introduction of this EVM will bring forth a handful of benefits that are designed to bring flexibility to network users. Ethereum developers will gain unprecedented access to the global network and user base of the Injective blockchain protocol. This will open the doors for developers to widen the reach of their protocols and gain access to more opportunities.

In addition to this, inEVM will present developers with a range of other perks, including ultra-fast speeds, which is made possible by the parallelized structure of inEVM. Other benefits include a modular toolkit, instant transaction finality, shared liquidity and composability across the Cosmos IBC universe alongside Solana.

The Injective network is a lightning fast interoperable layer one blockchain, that is optimized for building groundbreaking Web3 finance applications. At its core, the blockchain protocol seeks to provide developers with
powerful plug-and-play modules for creating advanced dApps.

CEO of Injective labs speaks on the significance of the new development as a significant milestone

The blockchain is home to the INJ token, its native asset. At report time, the token is trading at a price of $7.44. Trading volume is down by more than 17% at this time, while the token nurses mild gains.

It bears mentioning that Injectibe is backed by some of the most powerful names in the fintech ecosystem. The platform is incubated by the leading cryptocurrency exchange Binance. It is also backed by prominent investors like Jump Crypto, Pantera and Billionaire Mark Cuban.

Speaking on the partnership, Eric Chen, co-founder and CEO of Injective Labs stated that “inEVM will enable Ethereum developers to effortlessly deploy applications across Injective rollups while also tapping into an expansive network of users and liquidity.”

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He added that the new development is essential for the Web3 ecosystem, as it continues to expand and advance itself. He stressed the importance of developers gaining access to solid infrastructures that help them to bypass existing barriers.

“This marks a significant stride forward for Web3, as we work towards creating a fully integrated ecosystem, where developers and users can maximize the benefits of an optimized infrastructure stack without being hindered by barriers between networks.” Eric Chen asserted.

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