Nibiru Chain, an innovative smart contract ecosystem, has introduced its latest technological advancement, the Nibiru EVM (Ethereum Virtual Machine). This state-of-the-art execution environment is designed to address and surpass the current transaction processing limitations of Ethereum, which have constrained developers from creating high-performance applications akin to those in the Web2 space.

The Nibiru EVM delivers an impressive throughput of over 10,000 transactions per second (TPS) even in single-thread execution scenarios. This marks a significant leap from Ethereum's existing limit of approximately 20 TPS, enabling the development of more complex and scalable applications. This enhancement is poised to drive innovation and foster mainstream adoption within the decentralized finance (DeFi) sector.

Nibiru Chain has ambitious plans to further upgrade its network by the end of 2024. This upgrade will introduce parallel optimistic execution, allowing nodes to leverage additional hardware resources. This enhancement aims to further boost the network's transaction processing capabilities, making it more efficient and scalable, and able to handle a substantially higher volume of transactions.

Ensuring compatibility with Ethereum is a strategic move by Nibiru to attract liquidity and promote the growth of its EVM ecosystem. Given that Ethereum developers account for over 90% of the total value locked (TVL) in the smart contract ecosystem, seamless interaction between Ethereum tokens and multi-virtual machine applications is crucial for Nibiru's success.

Nibiru EVM offers developers a robust and user-friendly environment, facilitating seamless interaction between Ethereum tokens and applications across multiple virtual machines. This approach not only ensures rapid transaction processing but also simplifies the user experience. Since its mainnet launch in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts written in Rust, presenting a compelling option for developers aiming to build high-performance applications.

In summary, the launch of Nibiru EVM signifies a major milestone in the evolution of the Nibiru Chain. By overcoming Ethereum's transaction limits and providing a high-performance execution environment, Nibiru is set to revolutionize the smart contract ecosystem, paving the way for more advanced and scalable applications that can drive the next wave of DeFi innovation.