IOTA has launched its Ethereum Virtual Machine (EVM) second-layer network, focusing on the use of physical assets and introducing new features to the IOTA ecosystem, according to CoinDesk. The focus of this second-layer network is to bring physical assets on-chain, with a special focus on the tokenization of physical assets and built-in protection against transaction sequencing and MEV. IOTA's second-layer Ethereum Virtual Machine (EVM) network has begun to focus on the use of physical assets. Tuesday's launch introduced features such as smart contracts, cross-chain capabilities, parallel processing and protection against maximum extractable value (MEV), improving the fundamentals of the IOTA token. According to Coingecko data, the token has risen 6% in the past 24 hours, while the CoinDesk 20 Index (CD20), a measure of the broader crypto market, has increased by less than 2%. IOTA co-founder Dominik Schiener said in a Telegram message that the second layer will focus specifically on decentralized finance (DeFi) applications and the use of real assets (RWA). RWA is a sector of the cryptocurrency market that focuses on the tokenization of tangible assets that exist in the physical world.