Kadena Launches Chainweb EVM, 20 EVM-Compatible Chains for Scalable Blockchain

Kadena, a prominent player in scalable blockchain technology, has unveiled Chainweb EVM, a significant addition to its multi-chain network. This new development introduces 20 Ethereum Virtual Machine (EVM)-compatible chains, positioning Kadena as a decentralized alternative to Ethereum Layer 2 solutions. Chainweb EVM offers near-zero gas fees, infinite scalability, and energy-efficient Proof of Work (PoW) security, setting it apart from traditional Layer 2 solutions.

Kadena's approach to scaling leverages native parallelization for high-throughput execution and processing. This horizontal scaling network can dynamically add new chains to manage demand fluctuations, reducing block time and maintaining lower gas fees compared to Layer 2 solutions. Developers can deploy and scale decentralized applications (dApps) using Solidity smart contracts and EVM tooling, all while benefiting from Kadena’s scalable, affordable, and decentralized Layer 1 infrastructure.

The Chainweb EVM initiative has garnered significant interest, with hundreds of builders signing up for exclusive early access at ETHDenver. This initiative is supported by Kadena's $50 million in grants aimed at fostering ecosystem growth, particularly in areas such as tokenizing real-world assets and AI development. The grants are designed to encourage builders to leverage Chainweb EVM for their projects, driving innovation and adoption within the blockchain community.

Stuart Popejoy, Kadena’s co-founder and CEO, expressed his enthusiasm for the project, highlighting its potential to revolutionize various industries. “Spearheading this project alongside my co-founder, Will Martino, has been the single biggest initiative at Kadena since its inception. We see Chainweb EVM as the long-lasting settlement platform for the world, from stock market trading to e-commerce payments. Our new chains will soon open what we have been building with Chainweb consensus to the EVM world. Solidity developers can now build with the security, efficiency, and cost-effectiveness of Kadena’s native parallel chains,” Popejoy said.

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.