Injective Launches Native EVM, Promising Faster, Cheaper DeFi
Injective launched a native Ethereum Virtual Machine (EVM) layer to enable faster, cheaper, and more secure Ethereum-style dApps on its high-speed infrastructure.Summary
Layer-1 blockchain Injective has implemented its most significant upgrade: a native Ethereum Virtual Machine (EVM) layer. This upgrade aims to establish Injective as a premier platform for developers and institutions by integrating Ethereum compatibility with its existing high-speed infrastructure, promising faster transactions and near-zero gas fees.
The native EVM functions as the blockchain's engine, allowing developers to build Ethereum-style smart contracts directly on Injective without needing extra layers or bridges, thereby reducing fragmentation by supporting both WebAssembly (WASM) and EVM environments in one ecosystem. This flexibility allows applications to share liquidity and assets seamlessly. The team also announced plans to integrate the Solana VM soon.
For users, this translates to tangible benefits, as Injective boasts block times as short as 0.64 seconds and transaction fees as low as $0.00008. The launch, which coincided with the rollout of a community buyback program for its native token INJ, marks what the team calls “a new era of onchain finance,” bringing over 40 decentralized applications (dApps) online.
(Source：CoinDesk)