Real-World Adoption: IOTA Expands Across UAE, EU, Kenya, and Germany with Enterprise EVM Compatibility
The post Real-World Adoption: IOTA Expands Across UAE, EU, Kenya, and Germany with Enterprise EVM Compatibility appeared on BitcoinEthereumNews.com.
IOTA is nearing its 10th anniversary and has achieved significant global adoption and technological development. The integration with Ethereum Virtual Machine (EVM) is set to boost IOTA’s DeFi ecosystem with over $30 million in liquidity. According to a tweet by Colin Brown, a blockchain researcher, IOTA, one of the Layer 1 (L1) blockchain projects, is nearing its 10th anniversary. This milestone represents major advances in global adoption and technological development. With real-world applications spanning Kenya, the UAE, the EU, and the UK, IOTA has established a strong presence in the government and enterprise sectors. 🔥 @DomSchiener on #IOTA‘s 10-year journey: Real-world adoption in Kenya, UAE, EU, & UK. EVM compatibility + $30M+ DeFi liquidity boost coming soon. One of the oldest L1s, fully audited & regulated in Germany/UAE.💪 Retweet if you still support IOTA! Never stop building! 🚀🚀🚀 pic.twitter.com/njeS3owPUM — Collin Brown (@CollinBrownXRP) August 17, 2024 Advancing DeFi Ecosystem and EVM Compatibility One of the key milestones that has occurred in the years since IOTA’s launch has been its integration with Ethereum Virtual Machine (EVM). This integration is expected to strengthen the project DeFi ecosystem and bring liquidity of over $30 million to the project, as highlighted by Dominik Schiener, IOTA co-founder. The new incentives for participants and developers strengthen IOTA’s presence even more in the decentralized finance market. The project’s emphasis on innovation makes it sustainable and up-to-date with the current trends in the blockchain industry. Additionally, IOTA’s longevity is supported by an experienced team that has successfully navigated through both bear and bull markets over nearly a decade. IOTA, as one of the first Layer 1 (L1) protocols that is still active, is a good example of the project’s growth and development. The project is implemented under a non-profit foundation based in Germany and the UAE, which is…
Filed under: News - @ August 19, 2024 7:18 am