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- The Shimmer EVM Testnet has witnessed over 6 million transactions and deployed over 5,000 smart contracts.
- Shimmer aims to provide staking and yield farming opportunities for IOTA holders, contributing to the growth of IOTA and enabling DeFi expansion on the platform.
Shimmer EVM Testnet Reaches Milestones
The Shimmer EVM Testnet has achieved significant milestones with more than 6 million transactions and over 5,000 smart contracts deployed. These achievements highlight the active engagement and growing utilization of the testnet. Participants’ efforts in hunting for the #TreasuresofShimmer have contributed to the testnet’s success. There is still time to join and conquer the high seas with Shimmer.
6m+ transactions and over 5k smart contracts deployed so far on the #Shimmer EVM Testnet. 64k+ active addresses
This is how we like it. 👏 https://t.co/ldPZxCLG8o
— Dominik Schiener (@DomSchiener) May 11, 2023
Shimmer: Empowering IOTA Holders
Through the Shimmer platform, IOTA holders will have the long-awaited opportunity to stake their tokens and earn yield. Shimmer is set to elevate IOTA to new levels, positioning itself as a key component for the growth of decentralized finance (DeFi) on the platform. By bridging their IOTA tokens to the Shimmer EVM, holders can actively participate in yield farming opportunities and contribute to the expansion of the emerging DeFi ecosystem.
With Shimmer, $IOTA holders will finally get the opportunity to stake their tokens and earn yield.
Shimmer will help to elevate $IOTA to new levels. It'll be a key component for the DeFi growth on Shimmer 🚀 https://t.co/cpTPrHNcQB
— Dominik Schiener (@DomSchiener) May 11, 2023
Continued Momentum on the Shimmer EVM Testnet
The momentum on the Shimmer EVM Testnet remains strong, as once again, it has witnessed more than 1 million transactions. This ongoing transaction volume demonstrates the active involvement and enthusiasm of participants on the Shimmer platform. The testnet phase plays a vital role in identifying and resolving any potential issues or areas for improvement before the mainnet launch.
Once again we made more than 1 million transactions on the #Shimmer #EVM testnet!https://t.co/FYSRnbb5Mq pic.twitter.com/RC5onjWx7j
— IOTA Vrom 🦋✨️💪🌊🐙☠️🤖🤟 soon (@Vrom14286662) May 12, 2023
As Shimmer continues to progress and gain recognition in the crypto community, it lays a solid foundation for a promising future for IOTA and the broader DeFi landscape. The milestones achieved on the Shimmer EVM Testnet reflect the increasing adoption and acknowledgment of Shimmer as a valuable platform for staking, yield farming, and the facilitation of decentralized financial applications. Participants are encouraged to explore the opportunities offered by Shimmer and contribute to its growth and success.