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IOTA Now a Chain on LayerZero Website, Mainnet Launch Imminent
The post IOTA Now a Chain on LayerZero Website, Mainnet Launch Imminent appeared on BitcoinEthereumNews.com. IOTA joins LayerZero and is signaling an EVM release soon. DeFi projects like MagicSeaDEX and DeeprFinance are preparing for integration with IOTA, The IOTA blockchain network has successfully integrated with LayerZero’s mainnet, marking a significant advancement in blockchain interoperability. This development allows IOTA to be recognized as a chain on the LayerZero website, bypassing the EVM testnet and directly launching on the mainnet. This integration indicates that the release of the IOTA EVM (Ethereum Virtual Machine) is imminent, with expectations for its launch as early as June. GM???? #IOTA Fam ????, it seems like the Team around @LayerZero_Labs has finalized their integration into IOTAEVM. IOTA is now a chain on the LayerZero Website. Not the EVM testnet, no. Mainnet baby ???? https://t.co/TATIp97VGM ❓What does this mean ❓ Well the release of IOTA EVM… pic.twitter.com/DIi9mi0rLp — ID.iota (@id_iota) May 26, 2024 LayerZero’s integration offers substantial benefits for IOTA, particularly in enhancing its cross-chain capabilities. With this integration, IOTA tokens can now be bridged to other networks, broadening their accessibility and utility. This means that users will soon have the ability to transfer IOTA tokens across various blockchain platforms, significantly increasing their liquidity and presence in the decentralized finance (DeFi) ecosystem. Implications for DeFi and DEXs The integration is set to have a profound impact on decentralized exchanges (DEXs). IOTA’s presence on major EVM-compatible DEXs like Uniswap and Trader Joe’s is anticipated. This expansion will grant global access to IOTA tokens, enabling users worldwide to trade and interact with IOTA within the broader DeFi landscape. In anticipation of the IOTA EVM release, teams working on the Shimmer network, such as MagicSeaDEX and DeeprFinance, are preparing their omnichain tokens. These preparations are crucial to ensure that their tokens are compatible with the new EVM environment, enabling seamless integration and functionality within the IOTA…
The post IOTA Now a Chain on LayerZero Website, Mainnet Launch Imminent appeared on BitcoinEthereumNews.com.
IOTA joins LayerZero and is signaling an EVM release soon. DeFi projects like MagicSeaDEX and DeeprFinance are preparing for integration with IOTA, The IOTA blockchain network has successfully integrated with LayerZero’s mainnet, marking a significant advancement in blockchain interoperability. This development allows IOTA to be recognized as a chain on the LayerZero website, bypassing the EVM testnet and directly launching on the mainnet. This integration indicates that the release of the IOTA EVM (Ethereum Virtual Machine) is imminent, with expectations for its launch as early as June. GM???? #IOTA Fam ????, it seems like the Team around @LayerZero_Labs has finalized their integration into IOTAEVM. IOTA is now a chain on the LayerZero Website. Not the EVM testnet, no. Mainnet baby ???? https://t.co/TATIp97VGM ❓What does this mean ❓ Well the release of IOTA EVM… pic.twitter.com/DIi9mi0rLp — ID.iota (@id_iota) May 26, 2024 LayerZero’s integration offers substantial benefits for IOTA, particularly in enhancing its cross-chain capabilities. With this integration, IOTA tokens can now be bridged to other networks, broadening their accessibility and utility. This means that users will soon have the ability to transfer IOTA tokens across various blockchain platforms, significantly increasing their liquidity and presence in the decentralized finance (DeFi) ecosystem. Implications for DeFi and DEXs The integration is set to have a profound impact on decentralized exchanges (DEXs). IOTA’s presence on major EVM-compatible DEXs like Uniswap and Trader Joe’s is anticipated. This expansion will grant global access to IOTA tokens, enabling users worldwide to trade and interact with IOTA within the broader DeFi landscape. In anticipation of the IOTA EVM release, teams working on the Shimmer network, such as MagicSeaDEX and DeeprFinance, are preparing their omnichain tokens. These preparations are crucial to ensure that their tokens are compatible with the new EVM environment, enabling seamless integration and functionality within the IOTA…
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