Kadena Launches Chainweb EVM, Adds 20 EVM-Compatible Chains

Kadena, a prominent player in scalable blockchain technology, has introduced Chainweb EVM, a significant advancement that adds 20 EVM-compatible chains to its multi-chain network. 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 employs 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 gas fees lower than all Layer 2s.

Developers can now deploy and scale decentralized applications (dApps) using Solidity smart contracts and leverage EVM tooling natively, 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.

Stuart Popejoy, Kadena’s co-founder and CEO, expressed his enthusiasm for the project, stating that Chainweb EVM is the most significant initiative at Kadena since its inception. He envisions Chainweb EVM as the long-lasting settlement platform for various applications, from stock market trading to e-commerce payments. The new chains will soon open up the capabilities of Chainweb consensus to the EVM world, allowing Solidity developers to build with the security, efficiency, and cost-effectiveness of Kadena’s native parallel chains.

Kadena was founded in the U.S. in 2016 by Stuart Popejoy and Will Martino, who were instrumental in creating J.P. Morgan’s first blockchain and leading the SEC’s Crypto Committee. Kadena’s innovative approach combines energy efficiency with unmatched scalability, making it an ideal infrastructure for mass adoption. With its pioneering smart contract language Pact, Kadena offers tools for building secure, efficient, and developer-friendly blockchain applications that address real-world needs.