Kadena has launched its Chainweb EVM testnet, aiming to attract Ethereum developers. Unlike Ethereum's Layer 2 solutions, Chainweb EVM operates on Kadena's unique architecture, which allows for horizontal scaling without fragmentation. This system promises seamless EVM compatibility while maintaining decentralization and throughput, with transaction fees remaining below a cent. Kadena co-founder Stuart Popejoy emphasized that the multichain architecture enhances throughput linearly with the addition of chains. The existing chains use Pact, a smart contract language focused on security and formal verification. Despite Kadena's efforts, it faces significant competition from Ethereum's established ecosystem, which includes robust tooling and wallet support. To incentivize developers, Kadena has introduced a $50 million grant program aimed at Solidity-based applications and real-world asset tokenization. Kadena is also promoting its compliance-first approach in the RWA space. The critical challenge remains whether Kadena can engage developers and sustain activity post-incentives, especially given the intense competition from other EVM-compatible platforms.

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