IOTA EVM Mainnet Launch: Powering Real-World Asset-Centric DeFi

IOTA EVM Mainnet Launch: Powering Real-World Asset-Centric DeFi

IOTA, the renowned open-source blockchain developer, has officially launched its IOTA EVM mainnet, bringing EVM compatibility to the IOTA ecosystem. This layer 2 solution marks a significant milestone in IOTA's journey toward a robust DeFi ecosystem centered around real-world assets (RWAs). IOTA EVM introduces groundbreaking features that set it apart from other EVM-compatible platforms. Key among them are EVM-non EVM interoperability, allowing seamless communication between different virtual machines. Parallel transaction processing ensures efficient and scalable operation, while resistance to Miner Extractable Value (MEV) safeguards users from unfair advantages. This launch opens doors to a world of possibilities for developers seeking to build innovative DeFi applications on IOTA. By leveraging the power of smart contracts in an EVM-compatible environment, they can tap into a vast network of existing DeFi tools and services. IOTA EVM has forged strategic partnerships with leading cross-chain and oracle solutions, including Stargate Finance (STG), LayerZero, Pyth Network, and SupraOracles. These collaborations strengthen the IOTA EVM ecosystem, providing developers with access to a comprehensive suite of tools and services essential for building robust DeFi applications. As the IOTA EVM mainnet gains traction, it is poised to become a catalyst for the growth of RWA-centric DeFi. This exciting development brings IOTA closer to its vision of empowering real-world businesses and financial institutions with the transformative power of blockchain technology.