The post Bridging DeFi and Institutional Needs with MoveVM + EVM appeared on BitcoinEthereumNews.com.
IOTA is ready to launch an enhanced mainnet protocol with EVM and MoveVM integrations. The IOTA Rebased protocol will boost the adoption and functionalities of RWAs and tokenizations. With the IOTA Rebased protocol, the network is reportedly set for its mainnet re-launch in early 2025. On social media platform X, Michael Atlan highlighted that the mainnet re-launch positions IOTA for real-world adoption. New IOTA Mainnet To Bridge DeFi and Institutional Needs Altan explained that IOTA is bridging the needs of Decentralized Finance (DeFi) and institutions through MoveVM and EVM integration. As CNF reported, the IOTA Foundation recently introduced the Rebased protocol set to improve the network’s scalability, programmability, and decentralization. IOTA is ready for real-world adoption. With MoveVM + EVM integration, regulated finance solutions, and a $50M growth fund, it’s bridging DeFi and institutional needs. No VC baggage, most tokens already in circulation, & real partnerships position @iota for its mainnet re-launch. https://t.co/03hOCSvMsF — Michael Atlan (@micatlan) January 2, 2025 The Rebased protocol establishes a completely decentralized Layer 1 (L1) network with the addition of advanced features. These new features include Ethereum Virtual Machine (EVM) and Move Virtual Machine (MoveVM) support. MoveVM introduces strong data abstraction capabilities, simplifying complex resource management tasks. Additionally, the direct integration of EVM into the L1 layer aims to enhance the security and decentralization of dApps built on IOTA’s EVM Layer 2 network. The transfer of EVM operations to the L1 layer will also boost network activity, increasing burned tokens. The IOTA Rebased proposal also seeks to deliver higher throughput, anticipated above 50,000 TPS on the network. IOTA has already released a public testnet to test these proposed changes in the real world. CNF mentioned that the community had approved the initiative through a governance vote, with 98% of the voters supporting the motion. As…