• Dymension, a blockchain scaling startup, launched the world’s first IBC-enabled EVM rollup on testnet in collaboration with Evmos Core Teams and Celestia.
• The RollApp uses Ethermint which is an implementation of the Ethereum Virtual Machine built on top of Dymension’s RollApp.
• Developers will be able to fork any EVM-based dApp and deploy it on the RollApp with the help of Dymension’s technology.
Dymension’s Launch of IBC-Enabled EVM Rollup
Dymension, a blockchain scaling startup, recently announced the launch of its world’s first IBC-enabled EVM rollup on testnet in collaboration with Evmos Core Teams and Celestia as part of their roadmap to establish and bootstrap a new ecosystem. This offering will bring superior access to the Cosmos Ecosystem for Ethereum Virtual Machine (EVM) based blockchains.
Details about The Roll App
The first EVM RollApp was deployed within Dymension’s initial testing ground called „35-C“ and uses Ethermint as its gas token which is an implementation of the Ethereum Virtual Machine built on top of Dymension’s RollApp. It will also feature a Uniswap v2 fork and a bespoke frontend as part of proof-of concept to demonstrate how anyone can seamlessly deploy their own RollApp and host EVM dApps.
Benefits For Developers
Developers will have great benefits by using this technology as they can easily fork any EVM based dApps and deploy them on the Roll App with help from Dymension’s tech. They will also be able to update state to Dymension Hub while posting data to Celestia’s Mocha testnet.
Funding From Private Round
To create this platform, Dymensions raised around $7 million in a private round earlier this year that was used for development purposes only.
In conclusion, this collaborative effort between all three entities has led to great advancements in the field of blockchain scaling through creating an easier way for developers to use Ethereum technology through IBC enabled rollups in Cosmos Ecosystem.