The upcoming launch of the IOTA EVM, supported by Shimmer’s infrastructure, represents a groundbreaking advancement in blockchain technology. Recent upgrades to the infrastructure and the introduction of new tools promise to enhance the functionality and adoption of the IOTA EVM.
The IOTA technical team has been making significant progress in improving their infrastructure, which is crucial for fostering growth and innovation within the ecosystem. Shimmer, as a standalone Layer 1 network, has played a key role in driving the technological evolution of IOTA by being the first to test, release, and validate major protocol upgrades.
Following the success of ShimmerEVM, the release of the IOTA EVM is set to revolutionize the network. This phase will introduce IOTA 2.0, featuring sustainable tokenomics and enhanced programmability, further solidifying its position in the evolving Web3 environment.
The IOTA team has recently made important advancements in their infrastructure. They have established new price pusher services for Oracle providers, improving the regularity and accuracy of blockchain updates. Additionally, global RPC nodes are being deployed to support essential Subgraph Services within the ecosystem. These developments are crucial for the ongoing growth and functionality of the IOTA EVM, ensuring it is ready for broader adoption and deployment.
Further details on these infrastructure enhancements were shared by the IOTA team in a recent tweet. The enhancements include newly established services for Oracle providers to ensure consistent transmission of price updates to the chain, the ongoing deployment of global distributed nodes to expand the network’s reach and reliability, the readiness of Subgraph Services that depend on operational PC nodes, and the launch of an independent IOTA EVM Testnet to simplify the integration process for new teams.
Additionally, the integration with Gnosis Safe MultiSignature Wallet has been completed, paving the way for a forthcoming frontend release that will enable builders to deploy their contracts and applications securely and effectively on the IOTA EVM.
These advancements in infrastructure and tools demonstrate significant progress in preparing the IOTA EVM for deployment. Stakeholders are invited to prepare for the new opportunities that these innovations will bring to the blockchain community.
However, despite the positive developments, IOTA’s market value has experienced a significant decline, with a 40.63% decrease overall and a 26.43% decrease over the past week. The current price stands at $0.2221. This highlights the volatile nature of the crypto market and emphasizes the importance of ongoing innovation and adaptation.
In conclusion, the upcoming launch of the IOTA EVM, supported by Shimmer’s infrastructure, is a significant advancement in blockchain technology. The recent infrastructure upgrades and new tools promise to enhance the functionality and adoption of the IOTA EVM. Stakeholders are encouraged to prepare for the opportunities these innovations will bring, while also acknowledging the volatile nature of the crypto market.