Injective launches inEVM, offering composability across Solana and Cosmos

2023-09-19 11:16:52 ET

Injective Labs, the developer of layer 1 blockchain

Injective

, has introduced inEVM, a new scaling layer for Ethereum composability. inEVM, developed in collaboration with Sequoia-backed L2 rollup Caldera,  will work across the Cosmos and Solana blockchains, the platform said in an

announcement

.

Shared liquidity and composability across Solana and Cosmos

The new scaling solution offers several benefits to Ethereum developers, including instant transaction finality, shared liquidity and a modular toolkit. Developers can also achieve direct composability with

Solana

and the Cosmos IBC universe.

Eric Chen, co-founder and CEO of Injective Labs, said:

“inEVM will enable Ethereum developers to effortlessly deploy applications across Injective rollups while also tapping into an expansive network of users and liquidity.”

The launch is a significant milestone for Web3, Chen added, noting that it will help developers access “an optimized infrastructure stack without being hindered by barriers between networks.”

inEVM’s launch follows Injective’s release of inSVM, a Solana Virtual Machine (SVM) rollup layer that integrates into the IBC ecosystem. Solana developers have tapped into the innovation to expand their reach across the Injective dApps ecosystem – all with little code modifications.

INJ, the native asset powering Injective, was slightly up on Tuesday morning following the news. At the time of writing, the INJ price was changing hands around $7.44. The cryptocurrency’s value was 8% up in the past week.

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Injective launches inEVM, offering composability across Solana and Cosmos

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