IOTA is set to revolutionize the crypto landscape with the launch of ShimmerEVM, a parallelized DAG ledger optimized for custom smart contract chains. The testnet has already processed more than 1.4 million transactions, and the team is in the advanced stages of their testing phase. The ShimmerEVM mainnet launch has experienced delays due to in-depth testing and resolving bugs, but the team is now gearing up for a closed launch, setting the path for the subsequent public launch.The potential of ShimmerEVM to rival established crypto giants like Bitcoin, Ethereum, and Ripple is gaining traction. It promises rapid, secure, and simultaneous smart contract processing, with enhanced security, zero transaction fees for L1 asset transfers, and an innovative storage deposit system.The recent spotlight on IOTA, as covered by Blockbytes, underscores IOTA’s strategic decision to tap into the lucrative billion-dollar markets. With the native token SMR experiencing an astounding 30% spike in just one day, IOTA is set to make a big impact in the crypto domain.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	9
People	Blockbytes, Dave
Companies	IOTA, Ripple, ShimmerEVM, Ethereum, Bitcoin
Currencies	IOTA, Shimmer, Ethereum, XRP, Bitcoin
Securities	None