IOTA, a distributed ledger technology platform, has recently launched a test chain called ShimmerEVM, which brings the platform closer to achieving a full decentralized finance (DeFi) ecosystem.

The launch of the ShimmerEVM test chain is a significant milestone for IOTA as it demonstrates the platform's progress towards becoming a leading DeFi ecosystem. The ShimmerEVM test chain allows developers to experiment with smart contracts and build decentralized applications (dApps) on IOTA's platform.

This development is crucial for IOTA as it seeks to expand beyond its current use cases and become a more versatile platform for decentralized applications. With the launch of ShimmerEVM, IOTA is making significant strides towards achieving that goal.

In addition to the ShimmerEVM test chain, IOTA has been actively working to improve its infrastructure and expand its ecosystem. The platform has recently partnered with several companies and organizations to promote the adoption of its technology and develop new use cases.

Overall, the launch of the ShimmerEVM test chain is a positive development for IOTA and the broader DeFi ecosystem. It will undoubtedly attract more developers and users to the platform, and help IOTA to become a leading player in the fast-evolving world of DeFi.

For more information, visit  https://blog.shimmer.network/shimmerevm-testnet-launch/