Nibiru Chain, a cutting-edge smart contract ecosystem, has unveiled its latest innovation, Nibiru EVM, a high-performance Ethereum Virtual Machine (EVM) execution environment. This groundbreaking technology aims to overcome the limitations of Ethereum's current transaction processing capacity, which has hindered developers from building high-performance applications similar to Web2.

Nibiru EVM boasts a throughput of over 10,000 transactions per second (TPS), even in single-thread execution scenarios, making it a significant improvement over Ethereum's current limit of approximately 20 TPS. This increased capacity will enable developers to build more complex and scalable applications, driving innovation and mainstream adoption in the decentralized finance (DeFi) space.

The Nibiru plan is to upgrade the network by the end of 2024 to process transactions with parallel optimistic execution, allowing nodes to utilize additional hardware resources and further enhance the network's transaction processing capability. This upgrade will enable the network to handle a much larger volume of transactions, making it more efficient and scalable.

Compatibility with Ethereum is a key factor in attracting liquidity and promoting the growth of the Nibiru EVM ecosystem. Ethereum developers account for over 90% of the total value locked (TVL) in the smart contract ecosystem, making it essential for Nibiru to ensure seamless interaction between Ethereum tokens and multi-virtual machine applications.

Nibiru EVM provides developers with a powerful, user-friendly environment, enabling seamless interaction between Ethereum tokens and multi-virtual machine applications. This multi-virtual machine approach ensures fast transaction processing and a simplified user experience. Since the mainnet launch in March 2024, Nibiru has supported Wasm (Web Assembly) smart contracts written in Rust, making it an attractive option for developers looking to build high-performance applications.