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Kava Deploys Ethereum Developer Support on Testnet
EVM support will allow Ethereum developers to deploy dapps to Cosmos, which has been steadily gained popularity among users.
Updated May 11, 2023, 6:58 p.m. Published Mar 9, 2022, 7:55 a.m.
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Kava added Ethereum Virtual Machine (EVM) smart contract support with the alpha launch, or first version, of its Ethereum Co-Chain, developers shared in a release on Tuesday.
- The EVM launch enables developers and decentralized applications, or dapps, from the Ethereum ecosystem to build and deploy on Kava. EVM refers to a virtual computer accessible anywhere in the world through participating Ethereum nodes.
- Kava is built on Cosmos SDK – a framework for building public proof-of-stake (PoS) blockchains – and aims to combine the Ethereum and Cosmos chains into a single network. This allows developers to build and deploy applications on a single chain that is accessible to users and assets of both Ethereum and Cosmos.
- Over 15 protocols will be deployed to the closed testnet of the Ethereum Co-Chain as part of the Kava Pioneer Program, including yield farming protocol Beefy Finance, yield aggregator AutoFarm, and liquidity protocol RenVM. These projects will test the interoperability between Kava's Ethereum and Cosmos Co-Chains prior to their mainnet launch.
- "Ethereum is still where the vast majority of developers and protocols are, but Cosmos is growing fast and it offers so much more in terms of scalability and interoperability,” said Scott Stuart, CEO of Kava Labs, in a prepared statement.
- Protocols launching on the Kava network will also be able to take advantage of its $750 million Kava Rise developer incentive program following the mainnet launch.
- The Kava Rise fund launched in early March after community votes. It would distribute 62.5% of all block rewards to developers building on the Kava Ethereum and Cosmos co-chains to support the growth of decentralized finance (DeFi) and non-fungible tokens (NFT).
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
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Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
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- Solana’s latest phase looks a lot less flashy than its memecoin-fueled highs, and that may be the goal.
- Armani Ferrante, CEO of crypto exchange Backpack, told CoinDesk in an interview the Solana ecosystem has spent the past year doubling down on a more sober focus: financial infrastructure. A
- fter years of experimentation as the wider crypto industry focused on NFTs, games and social tokens, attention is now shifting back toward decentralized finance, trading and payments.
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