IOTA debuts layer-2 solution to bridge defi with real-world as | DeFi & Ethereum News
IOTA debuts layer-2 solution to bridge defi with real-world assets
The IOTA Foundation has announced the launch of IOTA EVM, a layer-2 solution for the network designed to enable smart contracts functionality to expand the ecosystem’s capabilities in the decentralized finance (defi) space. IOTA Foundation revealed that blockchain developers can now deploy Solidity-based smart contracts on the IOTA network, a move aimed at bridging the gap between the IOTA and Ethereum ecosystems, enhancing IOTA’s capabilities.
