Injective Launches Native EVM Support to Enhance dApp Interoperability
Injective has launched native Ethereum Virtual Machine (EVM) support on its Layer 1 blockchain to enhance interoperability and attract decentralized applications (dApps). This implementation is fully integrated into Injective's core infrastructure, eliminating the need for third-party bridges. The network uses the latest version of Geth, ensuring compatibility with existing Ethereum tools.
Performance and Scalability
- The EVM enables connections with other blockchain protocols and exchanges.
- Testing shows Injective’s EVM is 8x faster in theoretical max transactions per second (TPS) compared to others.
- Under simulated mainnet conditions, it outperformed top EVM networks by over 400%.
- Currently supports 1,000,000 lightweight EVM transactions at approximately 800 TPS.
- Introduces on-chain AI inference models, enhancing capabilities for AI-driven finance.
- A private developer network is live, with a full mainnet rollout expected later this year.
Recent Advancements and Ecosystem Growth
- The Avalon Mainnet upgrade enhanced interoperability, including integration with Polygon.
- In October 2024, Injective processed over one billion transactions, showcasing scalability.
- INJ 2.0 allows all dApps to participate in the INJ burn auction, improving token utility.
- Launch of Helix Institutional aims to attract institutional capital and boost on-chain liquidity.
- These developments position Injective as a leader in DeFi and blockchain innovation.