Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
IOTA
IOTA Foundation EVM Mainnet In Partnership With LayerZero
The IOTA Foundation has announced the launch of IOTA EVM, a Layer2 solution that can seamlessly integrate smart contract capabilities into the IOTA Network. The announcement of the launch comes only a few months after the launch of the Shimmer EVM. It signals the culmination of extensive testing, audits, and significant enhancements. The IOTA EVM The IOTA EVM launch was made possible by a partnership between IOTA, LayerZero, Pyth Network, Stargate Finance, and Supra and offers an array of innovative…
1 year ago
IOTA EVM Scores Perfect 100 in Zokyo Code Audit Ahead of June Launch
To ensure the new protocol’s security, the IOTA Foundation commissioned a comprehensive audit by the renowned security firm Zokyo, which awarded the IOTA EVM a perfect score of 100 points. In preparation for the IOTA EVM launch, Safe has introduced a new MultiSignature Wallet. The IOTA community is gearing up for the highly anticipated launch of the IOTA Ethereum Virtual Machine (EVM) in June. To ensure the robustness and security of this new protocol, the IOTA Foundation engaged Zokyo, a…
1 year ago
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IOTAThis is Why IOTA Might Be a Sleeping Giant with Innovative Use Cases of the Future
IOTA is set to make waves in agriculture through partnership with ETO GRUPPE. Through its efficient data collection and foolproof storage, IOTA can power new farm technologies like FARMVALVE. IOTA, an open-source distributed ledger designed for the Internet of Things (IoT), has become a prominent player in the blockchain ecosystem for practical applications. However, a recent report suggests IOTA might be a sleeping giant with innovative use cases for the future. The Future of Agriculture With IOTA Specifically, the agricultural…
1 year ago
IOTA Identity Embraces Zero-Knowledge Credentials with LINKS Foundation Partnership
IOTA and LINKS Foundation partnership strengthens IOTA Identity with advanced zero-knowledge credentials. The integration aims to enhance user privacy and control over data, promoting digital autonomy. In a notable advancement for blockchain technology, IOTA has teamed up with the LINKS Foundation to enhance IOTA Identity through the integration of zero-knowledge selective disclosure credentials. This collaboration, recently highlighted in an IOTA tweet, marks a significant step in providing users with greater privacy and control over their personal data, affirming a shared…
1 year ago
IOTA EVM: Bridging Feeless Transactions and Ethereum Ecosystem for Unmatched Growth
The imminent launch of the IOTA Ethereum Virtual Machine (EVM) is generating excitement within the IOTA community. Analysts highlight IOTA’s strong potential to lead the widespread adoption of real-world assets (RWAs) in the blockchain sphere. Excitement brews within the IOTA community as the launch of the IOTA Ethereum Virtual Machine (EVM) draws near. This revolutionary advancement is poised to herald a new era for the IOTA ecosystem, which boasts a valuation exceeding $660 million, by ushering in tokenization, DeFi, and…
1 year ago
IOTA EVM Milestone: MultiSignature Wallet and RPC Nodes Successfully Deployed
The recent development for the IOTA EVM launch includes the successful deployment and testing of essential features like the MultiSignature Wallet and establishment of third-party RPC Nodes. With concerted efforts from the IOTA Ecosystem and BD Team, the ecosystem aims to foster a flourishing environment for DeFi and RWA. The team at IOTA Foundation has been working diligently for the launch of the IOTA EVM. In one of IOTA’s Discord channels, a team member has shared the progress made with…
1 year ago
Exciting News: IOTA Now a Chain on LayerZero Website, Mainnet Launch Imminent
IOTA joins LayerZero and is signaling an EVM release soon. DeFi projects like MagicSeaDEX and DeeprFinance are preparing for integration with IOTA, The IOTA blockchain network has successfully integrated with LayerZero’s mainnet, marking a significant advancement in blockchain interoperability. This development allows IOTA to be recognized as a chain on the LayerZero website, bypassing the EVM testnet and directly launching on the mainnet. This integration indicates that the release of the IOTA EVM (Ethereum Virtual Machine) is imminent, with expectations…
1 year ago
IOTA Digital Identity Method Now Resolvable via Decentralized ID Universal Resolver
The IOTA team has confirmed that the IOTA Digital Identity method is now resolvable through the decentralized ID universal resolver. This will allow easy integration of IOTA Identity in new and existing applications through an interoperable interface. A recent update from the IOTA development team reveals that the IOTA Digital Identity (DID) method is now resolvable through the Decentralized ID Universal resolver. This will allow easy integration of IOTA Identity in new and existing applications through an interoperable interface. IOTA…
1 year ago
IOTAEVM Launch Imminent: A Game-Changer for IOTA and RWA Tokenization
LayerZero’s ongoing deployment of contracts on the IOTAEVM chain signifies significant progress towards this imminent release. TokenySolutions’ involvement in deploying their smart contracts on the IOTAEVM chain marks a significant milestone for IOTA. In an update from IOTA analyst ID.iota, anticipation is mounting within the IOTA community as the IOTAEVM launch draws near. The release shall happen within the next two weeks, signaling significant developments on the horizon. According to ID.iota, LayerZero is currently in the process of deploying its…
1 year ago