IOTA’s ShimmerEVM integrates LayerZero for cross-chain communication

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ShimmerEVM’s integration with LayerZero is anticipated to reinforce cross-chain communication and DeFi on IOTA’s ShimmerEVM.
Connectivity consists of with Ethereum, Polygon, Avalanche, Binance Smart Chain and Optimism amongst different chains.

IOTA’s ShimmerEVM has built-in with LayerZero to deliver cross-chain messaging know-how to customers, in line with an announcement revealed on December 27.

The integration extends ShimmerEVM’s connectivity to main blockchains, enabling additional interoperability through a unified cross-chain ecosystem, Shimmer posted on X. Per particulars in its weblog put up, this transfer means customers will now be capable of work together and transact throughout a number of networks whereas throughout the Shimmer ecosystem.

ShimmerEVM’s cross-chain connectivity

Shimmer Shimmer is a blockchain platform throughout the IOTA ecosystem from the place builders can construct and deploy decentralised functions (dApps), with entry to options at the moment unavailable on IOTA’s mainnet. ShimmerEVM is the Ethereum Virtual Machine-compatible layer of the platform.

Meanwhile, LayerZero is an omnichain interoperability protocol whose cross-chain messaging know-how permits for communication throughout a number of blockchains.

ShimmerEVM’s leveraging of LayerZero’s messaging infrastructure extends this cross-chain communication functionality to the broader Shimmer ecosystem.

Big information for cross-chain communication & #DeFi developments for our ecosystem🔥! @LayerZero_Labs is integrating with #ShimmerEVM. The integration extends our connectivity to main blockchains, steering us nearer to a unified cross-chain ecosystem.
🔗https://t.co/b2gQabmvFy pic.twitter.com/UgI3vJVHx6

— Shimmer (@shimmernet) December 27, 2023

Following this collaboration, Shimmer is about to see an preliminary connection to different blockchain networks. These will embody Ethereum, Polygon, Binance Smart Chain, Optimism, Avalanche, Arbitrum, Fantom and Base, the platform famous.

Interoperability with these networks means the trade of property and knowledge is about to be simpler, heralding a brand new period for DeFi throughout the ShimmerEVM ecosystem.

LayerZero’s integration with ShimmerEVM comes just a few days after its collaboration with Blockdaemon. It additionally follows current revelations of a potential LayerZero token launch in 2024.