Arbitrum and inEVM: Empowering Ethereum for Decentralized Applications

Introduction

Injective is excited to announce a partnership with Arbitrum, the leading Ethereum-based Layer 2 (L2) platform focused on supporting project innovation and scaling. Through the integration of Arbitrum's unique Orbit stack, Injective introduces inEVM, an even more customized Ethereum Virtual Machine (EVM), breaking new ground for inEVM and empowering users with smooth, efficient and cost-effective transactions.

What is Arbitrum?

Arbitrum is a suite of Ethereum scaling solutions designed to simplify the creation and use of decentralized applications (dApps). It offers a number of benefits including:

Scalability: Arbitrum can process transactions much faster and cheaper than Ethereum by utilizing "Optimistic Rollups" technology.

Security: Arbitrum inherits the security of Ethereum as all transactions are verified and validated on the Ethereum main chain.

Compatibility: Arbitrum is compatible with existing Ethereum smart contracts, making it easy for developers to port their dApps to Arbitrum.

inEVM: the next generation EVM

The inEVM has already been carefully designed to meet the unique needs of Injective and the broader Ethereum ecosystem. Working together with Arbitrum provides inEVM users with a broader set of developer tools that were previously only available in the Ethereum L2 ecosystem. In turn, this makes inEVM more powerful than ever before, giving developers access to Ethereum while maintaining lightning-fast speed and low fees on Injective.

Benefits of integrating Arbitrum and inEVM

Together, Arbitrum and Injective create a more powerful, scalable and affordable platform for dApps.

Here are some of the key benefits:

  • Lower transaction fees: InEVM transactions are significantly cheaper than Ethereum transactions due to Arbitrum's scalability.

  • Faster transaction speed: inEVM transactions are processed faster than Ethereum transactions due to Optimistic Rollups.

  • Access to the Ethereum ecosystem: inEVM is compatible with the Ethereum ecosystem, which means developers can use Ethereum dApps and tools on inEVM.

  • INJ as a gas token: inEVM can use INJ as its own gas token, which is a unique feature among L2 solutions.

  • Familiar development tools: inEVM offers the same familiar development tools as Ethereum, such as Hardhat and Foundry, making it easy for developers.

  • Participate in Injective's burn auction: inEVM transactions can participate in Injective's burn auction, a mechanism that systematically burns a portion of protocol fees, distributing value to users.

  • Combining Ethereum, Injective and Cosmos: inEVM combines Ethereum, Injective and Cosmos, creating a more interconnected blockchain ecosystem with seamless transfer of assets and liquidity.

Conclusion

Injective's collaboration with Arbitrum marks a significant step forward in the development of decentralized finance (DeFi) and dApps. The inEVM resulting from this alliance is a powerful and efficient platform that extends the capabilities of Ethereum, making it more accessible and scalable for users and developers.

The integration of Arbitrum and inEVM is an important step towards a more decentralized, inclusive and interconnected blockchain ecosystem that can realize the full potential of DeFi and dApps.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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