• Cardano (ADA) price has seen a 13.5% increase in the past seven days.
• Milkomeda Foundation is launching its C1 on mainnet, which will enable Cardano to become one of the largest EVM chains by user count.
• With Milkomeda, developers from the Ethereum Virtual Machine world can now build their dapps on Cardano using Solidity and users can perform transactions with ADA tokens.
Cardano Price Rise
The Cardano (ADA) price has gained attention recently with a 13.5% increase in the last seven days.
Developers at Milkomeda Foundation have big plans for the layer-1 blockchain that could further fuel its price rally. Sebastien Guillemot, CTO and co-founder of Milkomeda, Paima Studios, dcSpark and Flint Wallet announced last Tuesday that they will be launching Milkomeda C1 on mainnet next month. This will make Cardano one of the largest EVM chains by user count as it introduces an EVM layer to the network allowing any ADA user to use EVM contracts directly from any Cardano wallet.
Milkomeda is a new type of protocol that connects several leading blockchains such as Cardano, Algorand, Polkadot and Solana. The project promotes inter-blockchain interoperability and accessibility for developers at the layer-2 level by providing rollup technologies for leading layer-1 ecosystems via Solidity smart contracts – hence allowing dapp developers from the Ethereum Virtual Machine world to build their apps on Cardano using ADA tokens for transactions.
Thanks to Paima Studios and Milkomeda, users will also be able to play all blockchain-based games on other layer-1 blockchains without having to bridge their ADA tokens to another network – making Cardano “a powerhouse in on-chain gaming”.
The launch of Milkomeda C1 on mainnet could potentially push up the price of ADA even further while also introducing inter-blockchain interoperability as well as on-chain gaming capabilities within its ecosystem – making it one of the largest EVM chains by user count.