IOTA EVM Launch After One Month: These Billion-Dollar Industries Can Be Leveraged With the High Tech Infrastructure

• Partnering with Stargate Finance and LayerZero Labs, IOTA has enhanced interoperability via Stargate’s V2 bridge, supported by LayerZero’s omnichain framework.
• BlastAPI has integrated with IOTA EVM, providing robust endpoints for decentralized applications (dApps) and enabling developers to interact effectively with the network.

The IOTA EVM has been live for almost a month, offering exciting opportunities for builders and developers to leverage its capabilities. The official handle of IOTA on X recently shared how users can take maximum advantage of the EVM and support from some key infrastructure partners.

1. Partnership with Stargate Finance and LayerZero Labs:

Stargate Finance’s V2 bridge, powered by LayerZero Labs’ omnichain framework, has expanded access to the wider EVM world. This collaboration allows seamless asset bridging across networks, enhancing interoperability and connectivity.

Stargate V2 is a crucial link, enabling the seamless transfer of funds and assets between previously isolated blockchains. This integration is part of IOTA’s strategic preparations for the EVM launch, achieved through close collaboration with the Stargate Foundation, per the CNF report.

2. Reliable Endpoints with BlastAPI:

Thanks to the BlastAPI team, IOTA EVM now boasts reliable and powerful endpoints. This provides decentralized access for IOTA EVM applications from anywhere, anytime, empowering developers to build confidently.

According to the IOTA Foundation, this integration will offer powerful and reliable endpoints for decentralized applications (dApps) within the IOTA ecosystem. This ensures that developers and users can seamlessly interact with the IOTA EVM, enhancing accessibility and performance for dApps.

3. Accurate Data Feeds with Pyth Network:

Accurate and reliable data is crucial for DeFi protocols. Pyth Network supports IOTA EVM with decentralized price and data feeds for over 500 assets, ensuring developers can access the critical information they need.

IOTA Foundation has incorporated Pyth Network’s oracle services into its Ethereum Virtual Machine (EVM), significantly boosting data accuracy and security for decentralized applications (dApps). Pyth Network, a key player in the DeFi space, is trusted by over 300 applications and 50 blockchains. Crypto News Flash reports that it offers low-latency price feeds for over 500 assets, ensuring reliable data for the IOTA EVM ecosystem.

4. Secure Navigation with Rabby.io Wallet by DeBankDeFi:

For secure, transparent, and efficient navigation of IOTA’s expanding dApp ecosystem, the Rabby.io Wallet by DeBankDeFi is the go-to solution. It allows users to easily switch networks, screen transactions for potential risks, and more.

As IOTA EVM continues to grow, these partnerships and tools will help developers maximize their potential within the ecosystem.

1/ [ICYMI] #IOTA EVM has been live for almost a month! Here’s how you, as builders and developers, can leverage our EVM with the help of our amazing infrastructure partners.

Let’s dive in and explore the possibilities

— IOTA (@iota) June 25, 2024

The price of the IOTA token is approximately $0.1755 at the time of writing, a 2.6% drop over the past 24 hours.