Evmos, the port-of-entry from Ethereum to Cosmos, today announced its mainnet launch. Built using the Cosmos SDK, it serves as the primary IBC-compatible, EVM-based chain that brings composability, interoperability, and fast finality to cross-chain contracts. With its mainnet launch, developers will be able to build cross-chain applications (xApps) and create deep integrations between Ethereum and Cosmos.
This update will make interchain transactions possible across the Ethereum and Cosmos ecosystems, unlocking value and creating a massive opportunity for new and existing projects, the company vows. Ethereum-based developers can continue writing smart contracts in Solidity and Vyper and have them work across any IBC-compatible blockchains. And through integrations with Nomad and Connext, Evmos incorporates low-cost and trust-minimized interoperability between Ethereum apps in order to maximize the possibilities for developers connecting Ethereum to the Cosmoverse. Interoperability is a core developing theme of Web3 and Evmos’ Mainnet launch is rapidly accelerating that vision.
“This is a huge leap forward for both the Ethereum and Cosmos ecosystems,” said Federico Kunze Küllmer, co-founder of Evmos. “Interoperability between chains is the next frontier of value creation and we are excited to give Ethereum developers a frictionless way to build cross-chain applications.”
Already a variety of decentralized applications are gearing up to launch on Evmos, the company said. Diffusion Finance is the first DEX that will be deployed, Midas Capital will enable cross-chain, permissionless lending, and NovaDAO will bring its treasury-backed investment vehicle to the platform. Evmos’ flexibility allows for a wide variety of blockchain applications to run across chains, and coming projects will include more DeFi dApps, NFT marketplaces, and more.
Just as TCP/IP gave Web2 developers a simple means for passing information across virtually any website, Evmos said it enables Web3 developers to create smart contracts that work across disparate blockchains. This paves the way for the next generation of blockchain development – cross-chain applications, or xApps, that run across multiple chains.