Injective, a super-high-performance Layer 1 blockchain, has officially launched its greatly anticipated Testnet, marking a historical moment in the decentralized finance (DeFi) space.
This launch is the introduction of the fastest Ethereum Virtual Machine (EVM) in blockchain history that is built natively into Injective blazing blazing-fast infrastructure.
By doing this, Injective will offer the first and only Layer 1 chain to include a unified virtual machine (VM) layer, allowing developers to build and execute smart contracts like never before.
Developers can find easy access to a smart contract environment with industry-leading performance, usability, and composability.
Builders on Injective can distribute simultaneously across all VM environments with a single token standard, enabling new, more composable applications of cross-VM interoperability and unified liquidity, without trading off compatibility against speed.
Unmatched Performance and Developer Experience
This new native EVM provides users and developers with strong benefits, enabling almost free fees, near-instant finality and interoperability between EVM and non-EVM development ecosystems.
In contrast to the majority of L1s deploying a bridging or wrapping method in the support of Ethereum compatibility, the EVM construction of Injective is natively built into its architecture. This makes it quicker, with less vulnerability and improved user experiences of all types of applications.
One of the most remarkable points of this launch is the MultiVM Token Standard (MTS) that enables any token using it to run cross-VM easily.
Developers now have the ability to build dApps that are no longer fragmented in the protocols they interact with, allowing capital efficiency and improved usability.
The Future of Onchain Finance Begins on Injective
Such a combined Layer 1 proposes a completely new DeFi innovation paradigm. It could be tokenized real-world assets, AI-powered protocols, or traditional DeFi primitives such as lending and trading all of which will be built and accessed on a single platform.
The infrastructure of Injective offers scalability and performance that can serve world-class apps without experiencing sluggishness that is characteristic of established systems.
In addition, zero-friction experiences are offered to users, where transactions are confirmed immediately, and almost cost nothing.
In turn, developers will be able to create quicker and more stable applications with wider coverage.
