Injective Launches Native EVM, Promising Faster and Cheaper DeFi

Why It Matters

The native EVM positions Injective as a cost‑effective, fast alternative to Ethereum, attracting developers and institutional users seeking scalability and reduced gas costs. By unifying multiple virtual machines, it reduces fragmentation, potentially boosting DeFi adoption and driving higher on‑chain activity.

Summary

Injective Protocol has launched a native Ethereum Virtual Machine (EVM) layer, enabling developers to write Ethereum‑compatible smart contracts directly on its high‑speed, low‑fee Layer‑1. The MultiVM upgrade also supports WebAssembly and will soon add a Solana VM, allowing dApps to share liquidity and assets across environments without bridges. Over 40 dApps and infrastructure providers are now live, and transaction speeds are as fast as 0.64 seconds with fees around $0.00008. The rollout follows a community token buy‑back program that offers a 10% yield from ecosystem revenue.