Injective Protocol tests test EVM compatibility for Ethereum Smart Contracts to run natively. After SBET and stock tokenization, is Inj Crypto ready for 130% meetings?

Cryptocurrency prices are stable and flat-ring over the weekend, but appear strongly and close over $4 trillion. Bitcoin has a dominance of less than 60%, but Ethereum has gained traction, and now The best cipher to buy. The Altcoin season is imminent as hundreds of millions of dollars are poured into the second most precious coin.

Discovered: 20+ Next Cryptographs to explode in 2025

Is Inj Crypto ready for 130% spikes?

Ahead of this expected surge in Altcoin prices, Injective has made headlines over the past few days. This positive news flow is solid Inj (no data) Crypto price.

As of July 28th, Inj has remained stable, up nearly 20% since Friday, July 25th. Prices have risen over the weekend, putting the Bulls in a strong position to reverse losses from last week and break $16 with a bullish breakout formation.

If the buyer is successful, if the losses are completely reversed from July 23rd, it could set a strong foundation to return to its December 2024 high of around $35. If that happens, Inj Crypto is in it Next 1000X Cryptos Consider it.

From the current rate, this represents an increase of around 130%. This is a major boost to INJ, where developers are actively building and improving the platform offering.

Technically, the coin has moved sideways after a surge since April 2025. Over $17 this week, buyers will need to push the tailbone they need, print highs from H1 2025, or reverse the loss. In that case, Inj will expand to $35 and you can ride the Defi Wave.

Discover: Best New Cryptocurrencies to Invest in 2025

Release of EVM environments on Testnet

Last week, Injective developers announced a pivotal step in their quest to create not only high-performance products, but also products that can interoperate with the first smart contract platform.

In the post, they said they successfully tested Injective’s EVM environment to allow Ethereum-compatible smart contracts to run natively on that rail once deployed to the mainnet.

BREAKING NEWS: The Injective EVM mainnet has been successfully achieved internally.

— Injective (@injective) July 27, 2025

This deployment means that the injection eliminates the need for cross-chain bridges or roll-ups, and Defi protocols that are attempting to run on Ethereum take advantage of low cost and high scalability to work simultaneously with neglect.

An EVM environment aimed at integrating 320-800 TPS provided in a simulated environment in the mainnet during testing. However, it could potentially process up to 12,500 transactions per second, or up to four times faster than other EVM-based solutions.

This test and planned mainnet launch complement the ignored multi-vertle machine token standard (MTS), reducing duplication and improving complexity.

Injective leads RWA tokenized charge

Injective Protocol launched SBET stock on the mainnet after releasing its first Chain Digital Assets Treasury (DAT) last week.

Injective has launched the first ever onchain Digital Asset Treasury (DAT).$SBET, the largest DAT for $ETH is live onchain, giving Injective users 24/7 access with leverage to one of the hottest financial products yet.

The future of global markets starts on $INJ pic.twitter.com/OXW6PuLkjd

— Injective (@injective) July 24, 2025

Through DAT, Injective Protocol will tokenize the SBET stock and public company Sharplink will reflect MicroStrategy’s plans and launch Ethereum Treasury.

SBET Stock Tokenization converts Sharplink’s static ETH holdings into tradable assets 24/7, 7 days a year, generating yields; It will be used As collateral for Defi protocols supported via Injective Protocol Iassets.

Injective, Bondi Finance also introduced tokenized bonds as reject-centric platforms move more and more towards real-world assets.

https://www.youtube.com/watch?v=3wtvkulzobe

Bondi Finance allows users to merge tokens during the funding stage before trading in the secondary market. This makes corporate bonds more accessible to retailers and institutional investors.

Tokenized corporate bonds can be integrated into the Defi protocol or used in derivatives to increase their usefulness and liquidity.

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June 10, 2025

The XRP Ledger is preparing to roll out an Ethereum Virtual Machine (EVM) sidechain in Q2, marking a major step toward Ethereum compatibility.

The development was confirmed by Ripple CTO David Schwartz at the Apex 2025 event in Singapore, with blockchain firm Peersyst helping lead the effort.

The EVM sidechain is designed to combine the XRP Ledger’s low-cost, high-speed settlement layer with Ethereum’s robust smart contract capabilities.

XRP Ledger’s EVM Sidechain is Live on Testnet

Built using the evmOS software stack, the sidechain is currently live on testnet, with a mainnet launch expected later this quarter after further validator onboarding.

Unlike Ethereum-native blockchains, the XRP Ledger does not currently support the EVM environment that powers most decentralized applications.

The new sidechain aims to fill that gap while preserving XRP’s efficiency. A bridge will link the sidechain to the XRP Ledger mainnet, using Axelar as the sole provider for asset transfers.

Wrapped XRP will act as the gas token on the EVM sidechain, enabling smart contract execution without leaving the broader XRP ecosystem.

While the Flare Network already offers an EVM-compatible solution for XRP users, this move brings Ethereum integration directly under Ripple’s umbrella.

In May, the XRP Ledger expanded its stablecoin offerings with the launch of two new region-specific assets, including EURØP, a MiCA-compliant euro stablecoin from Schuman Financial, and USDB, a dollar-pegged token issued by Brazil’s Braza Group.

EURØP, backed by euros and safeguarded by major institutions like Societe Generale, marks the first fully MiCA-compliant euro stablecoin on XRPL.

Meanwhile, Braza Group’s USDB stablecoin, backed by U.S. and Brazilian bonds, offers Brazilian users a secure digital asset for payments and hedging.

XRP Faces Backlash as Ripple Aligns With Europe on Digital Euro Project

As reported, serial entrepreneur and investor Gary Cardone has launched a scathing attack on XRP, accusing the digital asset of aligning itself with centralized governments in a bid to stay relevant.

His remarks follow ongoing speculation that the European Central Bank (ECB) may integrate the XRP Ledger into its digital euro infrastructure.

While the ECB has not confirmed any formal partnership with Ripple or its XRP Ledger, rumors have circulated across crypto circles.

Cardone went further, likening XRP’s influence in finance to a new virus, calling it “COVID-19 Part Two in finance.”

He warned that continued support for the token amounts to voting for “European warmongers,” framing XRP’s ambitions as a threat to freedom rather than a step forward in financial innovation.

The comments drew immediate backlash from the XRP community, which labeled the remarks as inflammatory and unfounded.

Robert Doyle, known online as Crypto Sensei, countered Cardone’s statements by noting that “there is no official confirmation” that Ripple technology will be used for the digital euro.

He emphasized that, while the ECB is exploring CBDCs, no final decision has been made regarding the technology stack.

The Ethereum Virtual Machine (EVM) is significant in Web3 gaming, changing how games operate, how players interact, and even how virtual assets are owned and traded. If you’re curious about EVM gaming—whether you’re a casual gamer or tech enthusiast—this guide will help you understand what EVM gaming is, how it works, and why it’s essential.

Understanding Ethereum Virtual Machine (EVM)

To understand EVM gaming, you first need to know a bit about the Ethereum Virtual Machine itself. Think of the EVM as the engine that runs applications on the Ethereum blockchain. It interprets smart contracts—self-executing contracts written in code—that control transactions, asset ownership, and interactions within digital environments.

The EVM ensures these contracts execute transparently and reliably across all blockchain nodes, keeping everything fair and consistent.

How Does EVM Gaming Work?

Imagine playing your favourite video game, but instead of everything being managed by a single company, the game rules and ownership of items are transparently controlled by code running on a blockchain. That’s essentially what EVM gaming offers. Here’s how it works in a relatable way:

1. Smart Contract Execution

Every action you take, like winning a battle or completing a quest, triggers a smart contract—a set of pre-defined rules written in code. This means the results of your actions are automatically and transparently updated on the blockchain, potentially making gameplay fairer.

2. In-Game Asset Ownership (NFTs)

Think about all the cool items you’ve ever earned in a video game—maybe a rare sword, a limited-edition skin, or a powerful character. In most traditional games, those items technically don’t belong to you. But with EVM gaming, that changes.

Thanks to NFTs, those digital items are tied to your wallet—not the game developer’s server. You can sell, trade, or hang onto them like prized collectibles. It’s like finally getting the keys to the stuff you’ve worked hard to earn.

3. Decentralized Game Logic

In regular games, all the rules and mechanics are set—and often changed—by the company behind the game. If they decide to nerf your favourite weapon or shut down the server, there’s not much you can do. EVM gaming flips that around.

Here, the rules are coded into smart contracts on the blockchain and shared across the network. In theory, that means no single company can secretly change how things work. It puts more control in players’ hands and helps keep things fair.

4. Player-Owned Economy

Imagine a game where your time and effort can pay off. With EVM gaming, you’re not just playing—you’re participating in an economy. Since your in-game items and currencies are NFTs or tokens, you can sell them to other players or use them across different games.

It turns your gaming experience into something more valuable, giving you a chance to earn while you play. That kind of freedom can make the game world feel a lot more real and rewarding.

Challenges and Solutions in EVM Gaming

But like any emerging technology, EVM gaming also comes with hurdles. Here are the major ones developers and players are working to overcome:

Computational Constraints and High Fees

The EVM has limitations in computational speed and efficiency. Complex real-time calculations can become costly due to the blockchain’s transaction fees—known as gas fees. These costs can be prohibitive, especially on Ethereum’s main network.

Solutions Include:

• Layer 2 Scaling: Technologies like zkEVM and rollups move intensive computational tasks off-chain, drastically reducing costs and enhancing game complexity without sacrificing blockchain security.

• EVM-Compatible Chains: Networks like Polygon and Avalanche offer lower fees and faster transactions, making them ideal for gaming applications.

• Hybrid Models: Some games combine blockchain for asset tracking with off-chain computing for gameplay mechanics, balancing performance and security.

• Tooling like Foundry and Chainlink VRF (for randomness) is increasingly being used by developers to streamline smart contract deployment, testing, and integration of real-world data into games.

Examples of Popular EVM Gaming Platforms

Several platforms have successfully leveraged EVM to deliver unique gaming experiences:

• Immutable zkEVM: Immutable offers gaming-focused scalability with reduced transaction fees. Notable games like Gods Unchained, Illuvium, and Ember Sword use Immutable’s solutions to deliver smooth gameplay experiences with secure asset ownership.

• Polygon: Known for affordability and speed, Polygon supports games like The Sandbox and Sunflower Land. Its ecosystem facilitates game developers looking to scale and integrate easily with Ethereum-based assets.

• Avalanche: Avalanche’s custom blockchain solution supports games like Crabada and DeFi Kingdoms, offering customized, high-performance gaming environments with low transaction costs.

Interoperability and Cross-Game Experiences

One of the unique strengths of EVM gaming is interoperability—assets created in one game can be used in another. This cross-game compatibility enriches the player’s experience, allowing assets like NFTs to carry value across different gaming environments.

However, true cross-game compatibility is still in early stages. Many challenges remain in standardizing asset formats, adapting game mechanics, and ensuring NFTs are functionally meaningful across different game worlds.

The Future of EVM Gaming

Looking ahead, the potential for EVM gaming is growing quickly. Developers are constantly finding new ways to make these games more scalable and user-friendly, meaning they’re getting easier for everyday players to enjoy. As blockchain technology becomes more efficient, the barrier to entry gets lower—and more people can dive in.

Still, regulatory clarity remains a hurdle. Questions about whether NFTs could be considered securities, how play-to-earn models are taxed, and the legal recognition of digital ownership are issues currently under active debate.

So, what does this mean for you? Whether you love gaming, work in tech, or are looking for new ways to engage with digital assets, EVM gaming has something valuable to offer. It’s changing how we think about ownership, interaction, and value in digital spaces.

April 3rd, 2025 – New York, New York

Kadena, the industry leader in scalable blockchain technology, has announced Chainweb EVM with the addition of 20 EVM-compatible chains to its multi-chain network.

Moving Beyond Layer 2s Through Native Parallel Execution on Proof of Work (PoW)

Chainweb EVM positions Kadena as a decentralized alternative to Ethereum Layer 2s, with near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security. Kadena takes a unique approach to scaling by leveraging native parallelization for high-throughput execution and processing. Their horizontal scaling network can add new chains to absorb demand fluctuations, which reduces block time and keeps gas fees lower than all Layer 2s.

Builders can deploy and scale dApps with 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 received interest from hundreds of builders who signed up for exclusive early access at ETHDenver, gaining the first chance to deploy on-chain. This initiative coincides with Kadena’s $50 million in grants to support building on Chainweb EVM, tokenizing real-world assets, and AI development to drive ecosystem growth.

Stuart Popejoy, Kadena’s co-founder and CEO, commented on the vision for Chainweb EVM, citing his enthusiasm for the buildout. 

“Spearheading this project alongside my co-founder, Will (Martino), has been the single biggest initiative at Kadena since its inception. We see Chainweb EVM as the long-lasting settlement platform for the world, from stock market trading to e-commerce payments. Our new chains will soon open what we have been building with Chainweb consensus to the EVM world. Solidity developers can now build with the security, efficiency, and cost-effectiveness of Kadena’s native parallel chains,” Popejoy said.  

About Kadena 

Founded in the U.S. in 2016 by Stuart Popejoy and Will Martino – creators of J.P. Morgan’s first blockchain and leaders of the SEC’s Crypto Committee – Kadena delivers industry-leading performance as the only scalable Layer 1 Proof of Work blockchain. 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.

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Blockchain development firm Peersyst Technology has confirmed the live testnet launch of an Ethereum-compatible sidechain for the XRP Ledger. The project, known as the XRPL EVM sidechain, is being propelled by a collaboration that includes RippleX—the research and development arm of Ripple—as well as the Web3 interoperability platform Axelar Network and blockchain science firm Common Prefix.

Announcing the milestone on X, Peersyst Technology proclaimed: “The wait is over… Excited to share that the XRPL EVM Sidechain is now live on Testnet! In a great collaborative effort between RippleX, Axelar, Common Prefix and Peersyst teams, we’ve been able to complete this critical milestone in preparation for the Mainnet launch, which is now just around the corner. A new era of interoperability and programmability for XRP is upon us.”

The team has launched a new website, xrplevm.org, where developers can integrate the EVM Testnet into MetaMask. A faucet enables users to easily obtain tokens on the EVM testnet, while an additional faucet is accessible via the Discord community. Another highlight is the introduction of a new bridge, powered by Squid Router, that allows for cross-chain transfers between the XRPL and the EVM sidechain.

Peersyst also called on the developer community to begin migrating projects from Devnet to Testnet, noting in its announcement: “Calling all developers of the XRPL EVM sidechain. You can now migrate your projects from Devnet to Testnet to test them in a production environment. We’ve released new documentation with step-by-step support for users, developers, and validators. All information is updated and available at the new docs.xrplevm.org.”

Bringing Ethereum Smart Contracts To The XRP Ledger

According to the official documentation, the EVM is an extended environment built on the Cosmos SDK, designed to run Ethereum Virtual Machine (EVM) smart contracts. The sidechain utilizes a Proof-of-Authority (PoA) consensus model, emphasizing low latency and high performance while still retaining the security features of the XRPL.

Axelar Network enables asset and message transfer between the XRPL and other blockchains, with the token bridged from the main ledger serving as the native currency on the sidechain. The sidechain fully supports Solidity-based smart contracts, offering developers the chance to reuse popular Ethereum tools such as Remix, Truffle, and MetaMask.

Moreover, transaction finality is under four seconds, and fees are significantly lower compared to Ethereum, creating a cost-effective environment for dApp development. Axelar integration and a dedicated EVM bridge allow for seamless asset movement between XRPL, the EVM sidechain, and other networks, enabling advanced use cases in DeFi and NFTs.

Built using Cosmos SDK and powered by Evmos, the EVM is designed for modular scalability, supporting Byzantine Fault Tolerance (BFT) through the CometBFT (Tendermint) protocol.

The EVM sidechain aims to merge XRPL’s well-known speed and affordability with Ethereum’s versatile smart contract ecosystem. This opens the door to a range of possibilities, from cost-efficient decentralized application (dApp) development to cross-chain DeFi protocols and NFT platforms.

By integrating the ledger’s global payments infrastructure with EVM-based programmability, developers gain the flexibility to automate settlement processes, manage assets across blockchains, and create new financial tools that leverage XRP’s liquidity and low transaction costs.

Peersyst, along with RippleX, Axelar Network, and Common Prefix, has hinted at further announcements in the coming days—ranging from new infrastructure integrations to additional validator partnerships. With the testnet phase already underway, developers are encouraged to begin porting their Ethereum-compatible projects to the EVM sidechain.

A mainnet launch is expected soon, marking another step toward fully combining the XRPL’s established payment capabilities with the rapid growth of Web3 technologies. Peersyt writes: “The Mainnet launch […] is now just around the corner. […] There’s still a lot more to announce, but we’re taking it step by step. In the coming days, we’ll be announcing new partners, infrastructure, validators, and much more.”

At press time, XRP traded at $2.12.

Featured image created with DALL.E, chart from TradingView.com

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Following the hack, Back took to X on February 22 to describe the technology as “complex, fragile, and blind-signed”.

“Another day, another EVM contract hack”, he wrote in another post, adding that billions have been lost over the years due to these issues.

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Back believes these security failures damage trust in the crypto industry, including Bitcoin
BTC


$94,560.89

He said in a February 24 post on X, “People are misunderstanding critique of repeated EVM hacks, the latest and the largest Bybit $1.4 billion missing the point: EVM can go to zero, no one cares. The problem is the EVM dumpster fire hurts ecosystem credibility, which unfairly bleeds over to Bitcoin”.

However, not everyone agrees with this view. Some argue that the Bybit hack was not caused by EVM flaws but rather by poor security measures, especially in handling multi-signature wallets. They point out that strong operational security can prevent such breaches, regardless of the underlying technology.

Back countered that Ethereum’s transaction verification process is fundamentally flawed. He explained that hardware wallets are supposed to confirm transaction details on-screen before approval, but EVM’s complexity makes this difficult.

He also noted that in Bybit’s case, addresses did not appear on hardware wallet screens, which made verification nearly impossible.

Meanwhile, Elliptic reported on the process used by the Lazarus Group, the hackers behind the Bybit hack, to cover their tracks. How? Read the full story.