Quick Takeaways
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Launch of Chainweb EVM: Kadena introduces Chainweb EVM, adding 20 EVM-compatible chains to its network, positioning itself as a scalable alternative to Ethereum Layer 2s with minimal gas fees.
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Efficient Scalability: Utilizing native parallel execution on a Proof of Work framework, Kadena offers infinite scalability and reduces transaction costs by adapting to demand fluctuations through horizontal scaling.
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Support for Developers: Builders can easily deploy and scale dApps using Solidity smart contracts while accessing Kadena’s decentralized, cost-effective Layer 1 infrastructure, enhanced by a $50 million grants initiative.
- Vision for Adoption: Kadena aims to establish Chainweb EVM as a long-term global settlement platform for diverse applications, driven by the expertise of its founders and supported by the growing interest from developers.
[PRESS RELEASE – New York, New York, April 3rd, 2025]
Kadena has unveiled its latest advancement in blockchain technology: Chainweb EVM. This new system adds 20 Ethereum Virtual Machine (EVM)-compatible chains to Kadena’s multi-chain network. With this expansion, Kadena aims to offer a decentralized alternative to Ethereum’s Layer 2 solutions.
First, Chainweb EVM promises to deliver nearly zero gas fees and infinite scalability. Moreover, it leverages energy-efficient Proof of Work (PoW) security. Consequently, Kadena’s innovative approach uses native parallel execution for high-throughput processing. This means that as demand increases, Kadena can easily add new chains to maintain lower block times and costs.
Additionally, developers can seamlessly deploy decentralized applications (dApps) using Solidity smart contracts. They can utilize EVM tools while benefiting from Kadena’s powerful, cost-effective infrastructure. This flexibility opens new doors for innovation.
Interest in Chainweb EVM surged at ETHDenver, where hundreds of builders applied for early access. This initiative aligns with Kadena’s commitment to invest $50 million in grants. These grants will support projects in tokenizing real assets and harnessing AI, thus boosting ecosystem growth.
Stuart Popejoy, co-founder and CEO of Kadena, expressed excitement about the project. He described it as the most significant initiative since Kadena was founded. “We see Chainweb EVM as the long-lasting settlement platform for the world, from stock market trading to e-commerce payments,” he said. Popejoy emphasized that this development greatly enhances the capabilities for Solidity developers.
Founded in 2016 by Popejoy and Will Martino, Kadena differentiates itself as the sole scalable Layer 1 Proof of Work blockchain. Its unique combination of performance and energy efficiency positions it well for mass adoption. Additionally, with its smart contract language Pact, Kadena continues to foster secure and developer-friendly applications that address real-world challenges.
As technology evolves, Kadena’s Chainweb EVM may significantly influence blockchain scalability and efficiency. This vision for the future of decentralized networks raises anticipation among tech enthusiasts and developers alike.
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