IOTA EVM integrates Stargate V2

• Stargate V2 integrates with IOTA EVM, strengthening blockchain interoperability and DeFi access.
• IOTA EVM gains massive user base and lower fees with Stargate V2 integration.

With the integration of the Stargate V2 Liquidity Transit Protocol, IOTA EVM and the broader Web3 zone are now connected via a bridge.

Acting as a link, Stargate allows money and assets to flow between blockchains that were previously cut off. Using the features of LayerZero V2, a sophisticated software omnichain interoperability framework, Stargate guarantees efficient on-chain communication.

The LayerZero architecture allows applications built with it to provide users with seamless interaction across different networks and blockchain settings.

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Bringing Omnichain DeFi to life

Decentralized applications (dApps) and users can move native assets between chains and access unified liquidity pools using the fully composable system. Stargate liquidity transport protocol.

Among the many improvements and features of Stargate V2 is a multi-transaction trading model that allows customers to choose between instant trade execution at full cost or a less expensive option by bundling their transaction with others. By comparing batch transactions to Stargate V1, they can save up to 95% of expenses.

Stargate V2 Advanced Features

Stargate V2’s AI scheduling module dynamically changes rewards and fees to balance Stargate pools across all links without retaining ownership of assets or money. Additionally, the new Hydra extension makes it easy to transfer WETH, USDC, and USDT between all Hydra-enabled chains.

Part of preparing for the IOTA EVM launch was working with the Stargate Foundation to make this connection happen. EVM IOTA became the first chain the protocol expanded to after its initial introduction on May 29, 2024, during the launch of Stargate V2.

With no liquidity pools required and much lower transition costs promised by this integration, LayerZero’s OFT technology will set a new benchmark for cross-chain execution and multi-chain user experience.

Meanwhile, data from CoinMarketCap shows that the price of the IOTA token at the time of writing is around $0.1844up 8.68% in the last 24 hours. But over the past seven days, IOTA has been in a downtrend, falling. 7.51%.

Previously, as reported by CNF, the IOTA Foundation just added additional directors and members to its Supervisory Board, thus strengthening its management team.

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