Blockchain scaling startup — Dymension — has announced the launch of the world’s first IBC-enabled EVM rollup on testnet in collaboration with Evmos Core Teams and Celestia.
Part of Dymension’s roadmap is to establish and bootstrap a new ecosystem of IBC-enabled rollups. The collaboration will bring «superior» EVM blockchain access to the Cosmos ecosystem.
IBC-Enabled EVM Rollup
Dymension has deployed the first EVM RollApp on its initial testing ground called «35-C.» The RollApp is being launched through collaboration with the Evmos Core Development Team, using Ethermint which is an implementation of the Ethereum Virtual Machine built on top of Dymension’s RollApp.
The new EVM RollApp updates its state to the Dymension Hub and posts data to Celestia’s «Mocha» testnet. The RollApp will use the EVMOS token as its gas token and feature a Uniswap v2 fork and a bespoke frontend. It’s a proof-of-concept to show how anyone can deploy their own RollApp and host EVM dApps.
With Dymension’s tech, developers will be able to fork any EVM-based dApp and deploy it on the RollApp. The RollApp is IBC-enabled, which means it can natively connect with the entire Cosmos ecosystem of IBC blockchains, eliminating risks associated with bridging.
Yishay Harel, Dymension Lab’s CEO and Co-Founder, 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.»
The platform also plans to allow the wider community of Cosmos chains to create their own RollApps, creating the scope for thousands of EVM developers to deploy higher-performing dApps that connect to the IBC ecosystem.
$6.7M Fundraise
Dymension completed a $6.7 million fundraise in February this year, led by Big Brain Holdings and Stratos, and including Shalom Meckenzie of DraftKings, on-chain gaming DAO Matchbox, and other blockchain VCs and angel investors.
The platform is also building a rollup development kit (RDK) for their modular network of layer-2 blockchains.
