Public chain Injective announced: Launch of Layer 3 network inEVM based on Arbitrum Orbit

The public chain project Injective announced that it will build the Layer 3 network-inEVM on the Arbitrum Orbit stack, focusing on supersonic transactions and burning mechanisms, but its long-term development plan for the future has not yet been seen.

inEVM introduction

• Based on Arbitrum stack

inEVM is a Layer3 network based on Arbitrum, which can provide the same as Ethereum development tools, such as Hardhat and Foundry, and use the original INJ token as network fuel fee.

• Supersonic transaction and burning mechanism

According to the team, inEVM’s positioning is the same as Injective, and both will use ultra-fast transactions as their ecosystem. Bring new experiences.

inEVM will conduct a Burn Auction to destroy a certain proportion of the fuel costs generated by the inEVM network every week to capture the value of INJ tokens.

Other information will be further released by the team.

Injective development encounters bottleneck

However, the actions of the Injective team this time seem to be out of passivity. Since the end of last year, there has been a bull market and the inscription-catching boom, although TVL has increased by about five times. , but it is still stagnant in the range of 40 million to 80 million US dollars. According to DefiLlama data, it only ranks 53rd among all public chains and cannot make a breakthrough.

Injective network TVL changes this year

The launch of inEVM network at this time may be due to strengthening the ecosystem, or just looking for a new narrative, It depends on the recent team’s roadmap and long-term planning for this new product.

Without good planning, inEVM will not help the development of Injective.

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