Acala, the top project in the Polkadot ecosystem, has announced the mainnet launch of the Acala EVM+. This exciting development offers DApp developers the opportunity to launch Ethereum-compatible DApps on Acala’s DeFi app chain and the leading liquidity hub of Polkadot.
The Acala EVM+ provides a development environment that is analogous to Ethereum while giving users the full power, speed, and customization of the modular blockchain framework of Polkadot, Substrate. It means that any DApp team can now deploy their EVM-based smart contracts onto the Acala EVM+ with minimal changes while still using their familiar tooling.
Acala EVM+ A Game-Changer For Polkadot DeFi Ecosystem
The Acala engineering team spent several months custom-building the EVM to optimize for the potential and longevity of Substrate rather than simply replicating Ethereum on Polkadot.
The result is an environment that combines the best of both worlds between the EVM and Substrate, hence the name EVM+.
For DeFi teams, the Acala EVM+ provides a seamless transition to Polkadot and access to expected billions in liquidity from DOT and DOT derivatives, as well as from other top ecosystems like Ethereum and Solana.
However, EVM-compatible DApp platforms can expand their offerings and onboard hundreds of thousands of new Polkadot-native users.
At the same time, DApp teams can grant their existing EVM-based users access to new assets and markets within the same interface and experience, thanks to the new Acala market that connects to the Polkadot DeFi ecosystem.
Additionally, the Acala EVM+ is also customizable and composable, leveraging Substrate to provide developers with a fully Ethereum-compatible development environment that is integrated with all Acala-based DeFi DApps.
It includes access to Acala’s core DeFi primitives like liquid DOT staking and the aUSD stablecoin, as well as chain-level customizations like automatic scheduling and “Bring your own gas.”
Acala’s app chain is trusted by institutions like Coinbase, Figment, Kraken, and Current.com, providing DApps with institutional liquidity and access to the worlds of Web2 and Web3.
Nevertheless, the Acala EVM+ is a game-changer for the network’s DeFi ecosystem, offering DApp developers the power and potential of Substrate while providing seamless access to Ethereum-compatible DApps.
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