- Evmos maintains strong weekly growth since announcing the V10.0 upgrade.
- Despite last year’s battery, EVMOS has returned more than 50% to owners since the lowest price of $0.2798.
EVMOS, universeThe inter-blockchain communication protocol based on , maintains weekly growth despite the current price drop in the last 24 hours. While Evmos is 9.31% decrease It has risen to $0.4206 on a daily basis, but has yet to cut back on the profit it has made over the last seven days, which currently stands at 45.7%.
Evmos is a lesser known but highly innovative protocol that seeks to maintain its dominance as the IP layer of blockchain. The protocol has established itself as one of the safest, most secure and decentralized ways to move assets between different blockchains and unlock interoperability across multiple chains.
Evmos upgrade and interoperability benefits
While the general observer outlook for Evmos may be bleak, the latest upgrades could well bring the altcoin to great returns for investors. announced by protocol.
January 2023, let’s go! Evmos has upgraded to v10.0 today! ☄️
1️⃣ UX improvements: @ledger CLI integration, automatic conversion ERC20 <> IBC assets, Restake support
2️⃣ Preferred mempool with EIP-1559 support for Cosmos tx
3️⃣ Latest Cosmos dependencies
Let’s dive in 👇
— Evmos ☄️ (@EvmosOrg) January 4, 2023
The protocol announced the release of v10.0, an upgrade that allows connectivity with Ethereum-based protocols.
“The building blocks for inter-chain dApp development are here (more are in the works). This tool enables the development of user-friendly dApps. For other ecosystems participating in the interchain, the sky is the limit.”
Evmos said in a Twitter thread:
“We start with one of the most useful features, Auto ERC<>IBC. [inter-blockchain communication] Asset conversion has started!User no longer needs to convert Cosmos assets to each his EVM [Ethereum virtual machine] Asset type and vice versa. This is done internally for you!”
Ethereum is arguably the most robust decentralized finance (DeFi) hub, and most protocols make their way through the Ethereum Virtual Machine (EVM) feature to connect to DApps hosted on Ethereum.
In this way, we extend the overall functionality of our connection protocol, in this case Evmos, to allow users to connect to the larger world. Evmos has built a reputation for connecting multiple protocols to the world of Cosmos, but the latest upgrade highlights its flexibility and targeted approach to connecting its platform to other mainstream blockchains. It is proof of our efforts.
EVM interoperability also means that beyond Ethereum, Evmos users can interact with projects on the BNB chain. Cardano Above all.
Strengthening profit return
For Evmos, the latest upgrade will boost the usage of the protocol and have a big impact on the native coin. In this way, users can trust their coins so that they can accumulate more in the near future.
EVMOS is now 90.78 percent below the all-time high (ATH) of $4.56 reached about eight months ago. Nonetheless, the coin has offered recent buyers a significant return on investment as it rose more than 50% from its lowest price of 0.2798 inches towards the end of the year.
Strengthened fundamentals will strengthen the token’s growth, and we are likely to see a more impressive price spike in the coming days.