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Cryptocurrency News Articles
Kadena Launches Chainweb EVM with 20 New EVM-Compatible Chains
Apr 03, 2025 at 10:08 pm
Chainweb EVM positions Kadena as a decentralized alternative to Ethereum Layer 2s, with near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security.
Kadena, a blockchain technology provider, has announced Chainweb EVM, an initiative that adds 20 EVM-compatible chains to its multi-chain network.
Kadena’s Chainweb is a decentralized alternative to Ethereum Layer 2s, offering nearly zero gas fees, infinite scalability, and energy-efficient Proof of Work security.
The platform’s horizontal scaling network can add new chains to absorb demand fluctuations, which keeps block time short and gas fees low.
Chainweb is powered by Chainweb Consensus, a variant of Nakamoto consensus that enables parallel processing and high throughput.
With Chainweb EVM, builders can deploy and scale dApps with Solidity smart contracts and benefit from EVM tooling.
The initiative has seen interest from hundreds of builders who signed up for early access at ETHDenver to be among the first to deploy on-chain.
This launch follows Kadena’s announcement of $50 million in grants to support building on Chainweb EVM, tokenizing real-world assets, and AI development.
Stuart Popejoy, co-founder and CEO of Kadena, had this to say:
“Spearheading this project alongside my co-founder, Will (Martino), has been the single biggest initiative at Kadena since its inception. We see Chainweb EVM as the long-lasting settlement platform for the world, from stock market trading to e-commerce payments. Our new chains will soon open what we have been building with Chainweb consensus to the EVM world. Solidity developers can now build with the security, efficiency, and cost-effectiveness of Kadena’s native parallel chains.”
About Kadena
Founded in the U.S. in 2016 by Stuart Popejoy and Will Martino — creators of J.P. Morgan’s first blockchain and leaders of the SEC’s Crypto Committee — Kadena delivers industry-leading performance as the only scalable Layer 1 Proof of Work blockchain.
Kadena’s innovative approach combines energy efficiency with unmatched scalability, making it an ideal infrastructure for mass adoption.
Its pioneering smart contract language, Pact, provides tools for building secure, efficient, and developer-friendly blockchain applications that address real-world needs.
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