• Dymension has launched the first-ever IBC-enabled EVM rollup on testnet in collaboration with Celestia and Evmos Core Teams.
• The RollApp uses Ethermint, an implementation of the Ethereum Virtual Machine, and utilizes EVMOS tokens as its gas token.
• The new RollApp features a Uniswap V2 fork, a bespoke frontend, and allows developers to deploy their own RollApps and host EVM dApps.
Dymension Launches First IBC-Enabled EVM Rollup
Collaboration with Celestia and Evmos Core Teams
Dymension is a blockchain startup building a network of easily deployable modular blockchains called RollApps. In collaboration with Celestia and Evmos Core Teams, they have launched the world’s first-ever IBC-enabled EVM rollup on testnet.
What Does it Offer?
The new EVM RollApp utilizes the EVMOS token as its gas token and updates its state to the Dymension Hub and posts data to Celestia’s “Mocha” testnet. In addition, the new RollApp will feature a Uniswap V2 fork and a bespoke frontend, as part of a proof-of-concept to demonstrate how anyone can deploy their own RollApp and host EVM dApps. Developers will be able to fork any EVM-based dApp and deploy it on the RollApp using Dymension’s technology since it is IBC enabled.
Yishay Harel’s Comments
Commenting about the new RollApp, Dymension Lab’s CEO and Co-Founder Yishay Harel said: “Excited to have worked closely with the Evmos team to achieve this milestone. With the world’s first IBC-enabled EVM rollup now deployed on testnet, we’re one step closer to bringing scalable and interoperable blockchain solutions to the wider community.“
Benefits of This Technology
The deployment was made possible through close collaboration between partners which brings scalability benefits from rollups technology as well as creating an ecosystem of easily deployable lightning fast RollApps that any developer can use for building decentralized applications.
This is just the beginning for Dymension in pushing boundaries further for what is possible with technology based on Ethereum Virtual Machine (EVM) platform; continuing research & development for more advanced solutions that help scalability & interoperability within blockchain industry.