Developers can use familiar EVM tools while accessing Cosmos-native modules through Injective’s powerful precompile architecture.
Recently, Injective has officially launched the EVM Testnet, and now has a flagship feature called the MultiVM Token Standard (MTS). In essence, developers can now use one INJ token that is valid across virtual machines — both EVM and Cosmos — without having to bother with bridges or wrapping. Just click deploy, and the token can be used directly in two different environments.
But MTS is not just about efficiency. This mechanism stands on a precompile bank and ERC-20 module that is directly connected to the Cosmos bank module. This means that the token balance remains the same, regardless of the VM.
Behind the scenes, all transfers, burns, and mints are done via the precompile address (0x64), which is directly connected to Injective’s native architecture. So, although it seems simple, this system has a deep technical foundation.
Interestingly, its execution speed is not sacrificed for flexibility. This testnet is capable of processing around 800 light transactions per second, and 320 heavy transactions with a gas limit of 50 million per block. In addition, the EVM engine used is the latest version of Geth, making it directly compatible with popular developer tools such as MetaMask, Hardhat, Foundry, and even Remix.
However, Injective does not stop there. They also embed a series of additional precompiles that allow Solidity contracts to directly interact with Injective’s signature features such as staking, governance, and order books. For developers who want to build complex DeFi, this is a kind of shortcut without having to build everything from scratch.
On the other hand, the stability of the network is also commendable. Last May, as we have highlighted, Injective managed to surpass two billion on-chain transactions without stopping or fatal errors. Blocks are completed in an average time of 0.6 seconds, and network throughput can reach more than 25,000 transactions per second (TPS).
With this kind of performance, Injective is indeed increasingly worthy of being considered as an alternative for developers who are tired of the limitations of traditional networks.
Furthermore, CNF recently reported that Injective has also integrated XRPL EVM into its infrastructure. This opens the door for XRP to be used directly in both Cosmos and EVM-based DeFi ecosystems. Developers can now build cross-chain DeFi applications that leverage XRP without having to leave the Injective environment.
Aside from the technical side, the community aspect is not forgotten. Zellic — known as a security audit provider — has been highlighted in Injective’s Validator Spotlight series.
Not only have they contributed to strengthening the security and governance of the network, but they are also offering 0% commission to new delegators in a rebate campaign that runs until the end of July. This is not just a strategy, it is also a commitment to the sustainability of the network.
Amid all of these developments, the price of the INJ token has been moving up. At the time of writing, the token is sitting at around $10.82 — up around 3.79% in the last 7 days, although it has now corrected slightly in the last 24 hours. For many, this may not seem like much, but it is enough to indicate an enthusiastic market response to Injective’s new direction.
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