- ShimmerEVM’s integration with LayerZero is anticipated to reinforce cross-chain communication and DeFi on IOTA’s ShimmerEVM.
- Connectivity consists of with Ethereum, Polygon, Avalanche, Binance Smart Chain and Optimism amongst different chains.
IOTA’s ShimmerEVM has built-in with LayerZero to carry cross-chain messaging know-how to customers, based on an announcement printed on December 27.
The integration extends ShimmerEVM’s connectivity to main blockchains, enabling additional interoperability by way of a unified cross-chain ecosystem, Shimmer posted on X. Per particulars in its weblog put up, this transfer means customers will now have the ability to work together and transact throughout a number of networks whereas inside the Shimmer ecosystem.
ShimmerEVM’s cross-chain connectivity
Shimmer Shimmer is a blockchain platform inside the IOTA ecosystem from the place builders can construct and deploy decentralised purposes (dApps), with entry to options at present unavailable on IOTA’s mainnet. ShimmerEVM is the Ethereum Virtual Machine-compatible layer of the platform.
Meanwhile, LayerZero is an omnichain interoperability protocol whose cross-chain messaging know-how permits for communication throughout a number of blockchains.
ShimmerEVM’s leveraging of LayerZero’s messaging infrastructure extends this cross-chain communication functionality to the broader Shimmer ecosystem.
Big information for cross-chain communication & #DeFi developments for our ecosystem🔥! @LayerZero_Labs is integrating with #ShimmerEVM. The integration extends our connectivity to main blockchains, steering us nearer to a unified cross-chain ecosystem.
🔗https://t.co/b2gQabmvFy pic.twitter.com/UgI3vJVHx6— Shimmer (@shimmernet) December 27, 2023
Following this collaboration, Shimmer is about to see an preliminary connection to different blockchain networks. These will embrace Ethereum, Polygon, Binance Smart Chain, Optimism, Avalanche, Arbitrum, Fantom and Base, the platform famous.
Interoperability with these networks means the alternate of belongings and knowledge is about to be simpler, heralding a brand new period for DeFi inside the ShimmerEVM ecosystem.
LayerZero’s integration with ShimmerEVM comes a couple of days after its collaboration with Blockdaemon. It additionally follows current revelations of a potential LayerZero token launch in 2024.
