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HomeNewsShimmer by IOTA: 6M Transactions, 5,000 Smart Contracts, 64,000 Active Addresses -...

Shimmer by IOTA: 6M Transactions, 5,000 Smart Contracts, 64,000 Active Addresses – Shaping the IoT Future with MIOTA and SMR

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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.

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.

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.

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.

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AnnJoy Makena
AnnJoy Makenahttps://www.ethnews.com
Annjoy Makena is an accomplished and passionate writer who specializes in the fascinating world of cryptocurrencies. With a profound understanding of blockchain technology and its implications, she is dedicated to demystifying complex concepts and delivering valuable insights to her readers. Business Email: info@ethnews.com Phone: +49 160 92211628
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