⚠️IOTA launches EVM, targets DeFi and real-world assets

Blockchain network IOTA has launched its Layer 2 Ethereum Virtual Machine (EVM) network with a focus on real-world asset usage, developers shared with CoinDesk via email.

Tuesday’s launch brings features such as smart contracts, cross-chain functionality, parallel processing and maximum extractable value, security to the IOTA ecosystem, boosting the fundamentals of the IOTA token. Data from CoinGecko shows that the token is up 6% in the past 24 hours, while the CoinDesk 20 Index ( CD20 ), which measures the overall cryptocurrency market, is up less than 2%.

IOTA co-founder Dominik Schiener said in a Telegram message that Layer 2 will focus specifically on decentralized finance (DeFi) applications and the use of real-world assets (RWA).

#IOTA #RWA板块 #DeFiChallenge #3friends $IOTA