Zilliqa (ZIL) marks an important historical milestone in figuring out how to enter the Ethereum world.
in a notify Recently, Zilliqa revealed that it has successfully launched the Ethereum Virtual Machine (EVM) protocol, which is now fully operational on the mainnet.
EVM upgrade helped ZIL price to regain momentum after days of losses. The digital currency is currently up 4.5 percent in the past 24 hours to an intraday high of $0.0307.
EVM compatibility marks a boon for the Zilliqa protocol as it is gaining community attention. As a protocol with smart contract functionality, interoperability with other protocols remains a major springboard for development.
The migration to Ethereum allows more dApps to position on ZIL to mine massive liquidity from other EVM compatible protocols in the Web 3.0 ecosystem.
The upside potential of ZIL is immeasurable as the cryptocurrency is sure to receive an add-on that will definitely help stabilize the price.
Zilliqa noted that the protocol continues to work after the EVM compatibility upgrade, suggesting it is fully operational.
Recently, Twitter user @inna_everstake shared statistics on Zilliqa’s network performance.
According to shared statistics, Zilliqa currently has 4,582,116 addresses stored on the network as of April 20. This number is staggering considering the fact that Ziliqa competes with Ethereum (ETH), Solana (SOL), Cardano (ADA) and other smart contract enabled protocols in today’s Web 3.0 ecosystem.
Address counts are not just numbers, as they relate to active transactions. The details shared show that the total number of transactions on the Zilliqa network has reached 49.93 million, with more than 5.5 billion ZIL staked to date.
The overall importance and signs of growth of the Zilliqa protocol are reflected in the increasing number of new developers joining the network.
By continuously innovating to make the platform easy to build, Zilliqa continues to attract some of the best developers and innovators in Web 3.0 in various fields.
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