
Injective Protocol to Release Injective EVM Testnet on July 3rd
Injective has announced that its EVM testnet will go live on July 3. This marks the debut of what the team calls the first unified VM layer in crypto. The upgrade aims to enhance smart contract interoperability and scalability within the Injective ecosystem. Refer to the official tweet by INJ: BREAKING: The Injective EVM Testnet goes live tomorrow 🚨Get ready to experience the first unified VM layer in crypto.INJ InfoInjective Protocol is a decentralized exchange (DEX) protocol built on the Cosmos SDK, offering advanced cross-chain trading capabilities.Key features of Injective Protocol include:1. Decentralization: On the Injective platform, users have full control over their funds, with no third-party intervention.2. Cross-chain trading: Injective supports trading between different blockchains, providing users with a wide range of tradable assets.3. High performance: Injective utilizes the Tendermint consensus system, ensuring high throughput and low transaction latency.4. Gas-free transactions: Users can trade without the need to pay gas fees.INJ is the native token of Injective Protocol. The token is used for protocol governance, staking, and participation in voting processes that address key protocol upgrades and management decisions.