Layer-1 blockchain Injective (INJ) has launched its Ionic Upgrade to the Injective Bridge, a feature that is poised to enhance its interoperability between several networks.

Ionic Upgrade to Drive Interoperability

According to news of the upcoming Ionic upgrade to the Injective Bridge, this development will create a scenario where advanced interoperability meets standard user experience. In addition, both advantages are expected to come at little or no fees. 

Consequently, users can decide to shuttle through different blockchains like Ethereum (ETH), Solana (SOL), or even Cosmos (ATOM) with ease. Similarly, certain core assets can also be bridged to a designated address, thereby providing more flexibility than ever seen before.

Over time, Injective has grown as one of the most interoperable chains in the digital asset ecosystem. This capacity is demonstrated in the type of products and features that the protocol consistently introduces into the industry. At the beginning of March, Injective launched its inEVM Layer 2 rollup solution on the mainnet. Notably, this followed the successful implementation of its testnet.

With the launched project, Ethereum developers could build Decentralized Applications (DApps) that are inexpensive, fast, and with near-zero fees. InEVM was described as the first Ethereum Virtual Machine rollup “capable of achieving true composability across Cosmos and Solana.” 

1/ Today, Injective is unveiling the Ionic upgrade to the Injective Bridge

Advanced interoperability meets superior UX with near 0 fees.

Now users can take advantage of a one click bridging experience across chains like Solana, Cosmos and Ethereum.

Keep reading

— Injective (@injective) March 26, 2024

The goal of this product was also to drive blockchain interoperability and expand its L2 ecosystem. 

Injective Remains a Consistent Builder

With the launch of the Injective Ionic Upgrade, the protocol has now positioned itself as one of the most consistent developers of its native chain. 

Before InEVM, there was a major mainnet upgrade dubbed Volan, targeted at integrating Real-World Assets (RWAs) into the blockchain sphere. Volan equally enhances interoperability by expanding the Inter-Blockchain Communication (IBC) protocol within the Injective’s framework. This fosters seamless interaction between Injective and other chains in the Cosmos ecosystem.

Noteworthy, utilizing the larger IBC protocol is one other function of the Ionic upgrade. This complements the fact that it also bridges the latest assets via Wormhole2.0. Beyond all these advancements that Injective has added to its arsenal, the protocol is still charging towards creating a core hub for the broader financial ecosystem to thrive. 

“To achieve this, it is crucial to ensure that any asset stemming from distinct chains can find a home and easily onboard onto Injective,” the L1 protocol announced on X.

The Ionic Upgrade is on the path that upgrades the Injective bridge to a new level where it can serve more users across a diversified field. The latest update has stirred a 3% uptick in the price of INJ, pushing the token to $39.03 at a time when the broader market is facing bearish volatility pressure.

The post Injective (INJ) Launches Ionic Upgrade, Activates Access To Ethereum appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am