Injective’s Major Expansion Amid Market Fluctuations
Despite a significant downturn in the market this year, Injective is undeterred and is gearing up for a major expansion. The company is launching its layer-3 network within the Ethereum ecosystem, leveraging technology from the Arbitrum layer-2 project.
Introducing inEVM: A More Interconnected Blockchain Environment
This ambitious project, named "inEVM," aims to create a more interconnected blockchain environment. inEVM is compatible with Ethereum’s EVM, which is essential for running smart contracts. It will connect Ethereum, Cosmos, and Solana, promoting interoperability across major blockchains.
The Backbone: Arbitrum’s Orbit Toolkit
The backbone of inEVM will be Arbitrum’s Orbit toolkit. Arbitrum offers scalable layer-2 solutions for developers to customize chains. This integration boosts Injective’s scalability and efficiency while ensuring blockchain network interoperability. Developers using the Orbit toolkit can leverage Arbitrum’s robust infrastructure to create tailor-made solutions while maintaining the ability to interact with a broad array of ecosystems.
Potential Impact on the INJ Token
The strategic decision to adopt Arbitrum’s technology could rejuvenate interest and activity around the INJ token. Last year, the token’s exceptional performance set it apart in the digital asset markets. The introduction of inEVM might rekindle some of that enthusiasm, providing a fresh impetus for both developers and investors.
Disclaimer
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Sources
- Injective Unveils Ethereum Layer-3 Network, Altcoin Buzz.
