Kadena Launches Chainweb EVM, Offers 20 EVM-Compatible Chains

Kadena, a leading innovator in scalable blockchain technology, has unveiled Chainweb EVM, a groundbreaking addition to its multi-chain network that includes 20 EVM-compatible chains. This development positions Kadena as a decentralized alternative to Ethereum Layer 2 solutions, offering near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security. Unlike traditional Layer 2 solutions, Kadena leverages native parallelization for high-throughput execution and processing, allowing its horizontal scaling network to add new chains to manage demand fluctuations. This approach reduces block time and maintains lower gas fees compared to all Layer 2 solutions.

Chainweb EVM enables developers to deploy and scale decentralized applications (dApps) using Solidity smart contracts and EVM tooling natively, all while benefiting from Kadena’s scalable, affordable, and decentralized Layer 1 infrastructure. The initiative has garnered significant interest, with hundreds of builders signing up for exclusive early access at ETHDenver. This enthusiasm coincides with Kadena’s $50 million in grants aimed at supporting the development on Chainweb EVM, tokenizing real-world assets, and advancing AI development to drive ecosystem growth.

Stuart Popejoy, Kadena’s co-founder and CEO, expressed his excitement about the Chainweb EVM project, highlighting its potential as a long-lasting settlement platform for various applications, from stock market trading to e-commerce payments. He emphasized that the new chains will open up Kadena’s Chainweb consensus to the EVM world, allowing Solidity developers to build with the security, efficiency, and cost-effectiveness of Kadena’s native parallel chains.

Founded in the U.S. in 2016 by Stuart Popejoy and Will Martino, Kadena delivers industry-leading performance as the only scalable Layer 1 Proof of Work blockchain. The company’s innovative approach combines energy efficiency with unmatched scalability, making it an ideal infrastructure for mass adoption. Kadena’s pioneering smart contract language, Pact, offers tools for building secure, efficient, and developer-friendly blockchain applications that address real-world needs.