- ShimmerEVM’s integration with LayerZero is predicted to boost cross-chain communication and DeFi on IOTA’s ShimmerEVM.
- Connectivity contains with Ethereum, Polygon, Avalanche, Binance Good Chain and Optimism amongst different chains.
IOTA’s ShimmerEVM has built-in with LayerZero to convey cross-chain messaging expertise to customers, in accordance with an announcement printed on December 27.
The combination extends ShimmerEVM’s connectivity to main blockchains, enabling additional interoperability through a unified cross-chain ecosystem, Shimmer posted on X. Per particulars in its weblog put up, this transfer means customers will now be capable of 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 functions (dApps), with entry to options at present unavailable on IOTA’s mainnet. ShimmerEVM is the Ethereum Digital Machine-compatible layer of the platform.
In the meantime, LayerZero is an omnichain interoperability protocol whose cross-chain messaging expertise 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.
Large information for cross-chain communication & #DeFi developments for our ecosystem🔥! @LayerZero_Labs is integrating with #ShimmerEVM. The combination 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 ready to see an preliminary connection to different blockchain networks. These will embrace Ethereum, Polygon, Binance Good Chain, Optimism, Avalanche, Arbitrum, Fantom and Base, the platform famous.
Interoperability with these networks means the alternate of belongings and data is ready to be simpler, heralding a brand new period for DeFi inside the ShimmerEVM ecosystem.
LayerZero’s integration with ShimmerEVM comes just a few days after its collaboration with Blockdaemon. It additionally follows latest revelations of a potential LayerZero token launch in 2024.