ShimmerEVM and Blockscout have joined forces to bring Ethereum compatibility closer to the project. This collaboration aims to provide users with the necessary exploration tools for interacting with the chain. The introduction of ShimmerEVM has been well-received by the IOTA ecosystem, attracting smart contract developers to the Shimmer ecosystem for building and deploying applications. To further enhance the capabilities of ShimmerEVM, Blockscout has come on board, offering transaction details such as internal transaction state updates, full logs, and binary data.
Contract verification plays a crucial role in this partnership, as it allows developers to easily verify, read, and interact with contracts directly in Blockscout. Additionally, a comprehensive API is essential for instant access to the latest data on the Shimmer network.
Shimmer is a parallelized Directed Acyclic Graph (DAG) and zero fee ledger designed to enhance the security of the smart contracts network. Its tokenization framework ensures seamless interoperability, composability, and feeless value transfers across smart contract networks. The native currency of the Shimmer network is SMR.
Recent reports indicate that Shimmer is making progress towards achieving compatibility with Ethereum, as the smart contract team conducts tests and addresses bugs. The successful tests, including one conducted in congested circumstances, have provided valuable insights into application behavior and have boosted the launch of ShimmerEVM.
At present, the price of Shimmer (SMR) is trading at $0.045515, experiencing an 11% decrease in the last seven days. However, in the past 24 hours, the asset has seen a 2.9% surge with a trading volume of $31,245. IOTA (MIOTA) is also trading at $0.154875, showing a 2.4% increase in the last seven days and a 1.6% increase in the last 24 hours. Market data suggests that IOTA could reach a price as high as $0.278776 by the end of the year, with analysts predicting that it will not drop below $0.18585.