Kadena Unveils Chainweb EVM With 20 EVM-Compatible Chains

Kadena, a leading blockchain technology company, has unveiled Chainweb EVM, a groundbreaking solution designed to tackle the scalability issues that have long been a challenge for Ethereum. This new technology positions Kadena as a decentralized alternative to Ethereum Layer 2s, offering near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security. By leveraging native parallelization, Kadena's multi-chain network can handle high-throughput execution and processing, making it a robust solution for developers and users alike.

Chainweb EVM introduces 20 EVM-compatible chains to Kadena's network, allowing builders to deploy and scale decentralized applications (dApps) using Solidity smart contracts. This compatibility ensures that developers can leverage EVM tooling natively while benefiting from Kadena’s scalable, affordable, and decentralized Layer 1 infrastructure. The initiative has already 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 project, stating that Chainweb EVM is the most significant initiative at Kadena since its inception. He envisions it as the long-lasting settlement platform for various applications, from stock market trading to e-commerce payments. The new chains will 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.

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. With its pioneering smart contract language Pact, Kadena offers tools for building secure, efficient, and developer-friendly blockchain applications that address real-world needs.

Kadena's Chainweb EVM initiative represents a significant step forward in the blockchain industry, offering a scalable and sustainable solution to the challenges faced by Ethereum. By providing near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security, Kadena is poised to attract more developers and users to its ecosystem. The introduction of 20 EVM-compatible chains further enhances its appeal, making it a compelling option for those seeking a robust and eco-friendly blockchain platform.