Cardano Price Soars 13.5% as Milkomeda Launches EVM Layer5. April 2023
• Cardano (ADA) price has gained 13.5% in the last seven days
• Milkomeda Foundation is launching Cardano’s EVM layer, allowing users to use EVM contracts directly from any Cardano wallet
• Paima Studios and Milkomeda will make Cardano a “powerhouse in on-chain gaming”
Cardano Price Rally
The Cardano (ADA) price has seen a considerable rally of 13.5% over the last seven days. The bullish momentum could be further fueled by the new developments at Milkomeda Foundation.
Milkomeda C1 Launch
Sebastien Guillemot, CTO and co-founder of Milkomeda, Paima Studios, dcSpark and Flint Wallet announced that their project will launch Cardano’s EVM layer on mainnet as early as next month. This layer will allow users to perform transactions with ADA tokens while using Ethereum Virtual Machine smart contracts directly from any Cardano wallet.
Interoperability & Accessibility for Developers
Milkomeda promotes interoperability and accessibility for developers at the layer-2 level by connecting leading blockchains such as Cardano, Algorand, Polkadot and Solana via EVM-based sidechains that provide rollup technologies. As such, dapp developers from the Ethereum Virtual Machine world can now build their dapps on Cardano coded in Solidity without having to bridge their ADA tokens to another network.
Paima Studios and Milkomeda are making it possible for users to play all blockchain-based games on other layer-1 blockchains with ADA tokens without needing to bridge them elsewhere. This could make Cardano become a “powerhouse” in terms of on-chain gaming experiences.
Cardano is set to become one of the largest EVM chains by user count due to upcoming changes made by Milkomeda Foundation that enable interoperability between several leading blockchains as well as accessibility for developers at the layer- 2 level. Furthermore, this could also lead to making Cardano a powerhouse in terms of on chain gaming experiences where users can play all blockchain based games with ADA tokens without needing to bridge them elsewhere