Discover Your go-to source for EVM and smart contract chains on Shimmer and IOTA

internet of things

Source: Immersion Imagery – Shutterstock

  • The platform exclusively lists and showcases the EVM and smart contract chains built on top of the Shimmer blockchain.
  • The Shimmer network’s bridgeless asset transfers, composability, feeless transfers, etc. make it ideal for Tanglechains.

The IOTA Foundation continues to expand its market footprint with new initiatives such as the launch of the Shimmer network. However, the IOTA community has been eagerly anticipating the launch of ShimmerEVM in the second half of the year with the launch of IOTA 2.0.

On the other hand, new players in the ecosystem continue to build new things for Shimmer and IOTA. is an interesting new platform from SPYCE.5 that specifically lists and showcases EVM and smart contract chains built on the Shimmer blockchain.

It serves as an easy-to-use platform for developers to showcase their projects and connect with other developers in the Shimmer ecosystem. As we all know, the Shimmer network is a high-performance, fee-free and scalable DAG-based ledger that can be used as a testnet for the IOTA ecosystem. The benefit of Shimmer, unlike other blockchain networks, is that it can process transactions in parallel. is a Shimmer-specific platform because of its unique features and advantages for developers.official announcement From the SPYCE.5 note:

Why Choose the Shimmer Dedicated Platform?

Over the past year, there have been multiple hacks of other blockchain ecosystems due to faulty implementations of bridges that resulted in hundreds of millions of dollars in losses.

The Shimmer network designed by the IOTA team allows for bridgeless asset transfers and composability without relying on any untrusted relays and bridges. Each chain listed on Tanglechains is capable of natively exchanging tokens and Crypto assets with other chains on the Shimmer network.

So this will make it very easy for developers to create decentralized applications that are safer, faster, and more accessible than ever before. will make it extremely easy to find blockchain partners, engage with them natively, and create a streamlined customer experience. Other key benefits include:

  1. Bridgeless Connections: Chains on Shimmer does not require any third-party bridges to exchange Crypto assets. This ultimately simplifies the development and deployment process by removing any type of complexity and additional cost.
  2. Feelless L1: It will be very easy to transfer assets between chains without friction and without transaction fees.
  3. No MEV: Unlike other chains like Ethereum or Fantom, the Shimmer network uses transaction order consensus, which prevents any type of sandwich attack front-running, allowing for “fairer” DeFi.
  4. Scalability: Shimmer’s DAG-based design allows the network to scale as the ecosystem grows through multiple chains. It also allows for more capacity and increased adoption.
  5. Customization: The Shimmer network provides customization of governance and network parameters. As a result, developers have greater control over how their chains of smart contracts operate or interact.

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Source of information: Compiled from CRYPTO-NEWS-FLASH by 0x Information.Copyright belongs to the author Bhushan Akolkar, without permission, may not be reproduced

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