After completing a “successful” testnet, Injective announced the launch of the inEVM Layer 2 rollup solution on mainnet, according to a release.
The launch of inEVM, which the company says is the first Ethereum ETH
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Stack of virtual machines “capable of achieving true composability in Cosmos and Solana 
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,” fits into Injective previously reported strategy of establishing a network of “power chains” that can expand its layer 2 ecosystem and improve blockchain interoperability.
Injective’s inEVM allows Ethereum developers to deploy their applications, such as decentralized exchanges, on Injective, without the need to modify the code.
“inEVM is a revolutionary solution providing the first truly composable layer to scale on-chain finance on a global scale from traditional finance (TradFi)”, Eric Chen, Injective CEO and co-founder of Labs, said in the company’s release. “We are laying the foundation for greater collaboration within the blockchain community.”
Last September, Injective released the inEVM testnet in partnership with Caldera, allowing Ethereum applications to run natively on the network. “The benefit of being able to just deploy your contract without having to make changes to your existing contract elsewhere has had a much bigger impact than we thought,” said Chen, when asked about what Injective learned from the testnet.
Relaunch the ecosystem
Although Injective initially planned to launch the inEVM mainnet in the fourth quarter of last year, Chen said the delay was purely based on finding the best timing for everyone involved. “We decided to push it back until this quarter so that many developers can restart the ecosystem with already deployed dApps,” he said.
Projects released on Injective’s inEVM mainnet include Celestia, Pyth, TimeSwap, and Thetanauts, according to the company’s release. Last year, Injective Labs launched a $150 million ecosystem fund with participation from Pantera, Jump Crypto, Kraken Ventures, Kucoin Ventures, and Delphi Labs, among others.
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