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Last month in late March 2023, IOTA developers announced the release of the ShimmerEVM testnet, and in no time the platform has attained significant milestones.

In just around a month since its launch, the Shimmer EVM testnet has hit a transactions milestone of around 1 million with over 38,000 active wallet addresses. Additionally, the platform has also deployed more than 2,200 smart contracts.

IOTA co-founder Dominik Schiener also congratulated the Shimmer team for hitting this milestone noting 1 million transactions on the Shimmer EVM in less than 1 month, a big milestone that shows the resilience, speed, and reliability of the network. He further added that the next milestone in sight should be 10 million transactions.

The launch of the ShimmerEVM testnet a month ago was a key step in expanding the reach of the interoperable Shimmer protocol to w very wide community of blockchain developers and users who have been working on the EVM-compatible smart contracts.

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The launch also proceeds with the highly-anticipated and much-awaited release on the Shimmer network and brings endless possibilities and features available in the Shimmer protocol. As part of the public testnet phase, IOTA developers shall further test the ShimmerEVM and validate it as part of their efforts to find bugs and improvements in this case.

Within a very short time of its release, there have been multiple projects testing their deployment on the ShimmerEVM testnet. Earlier this week, the Shimmer network announced another major infrastructural development on the ShimmerEVM testnet, dubbed the Pyth Network.

In a recent development, the Pyth Network has also deployed its oracle contracts on the ShimmerEVM testnet. This deployment would allow projects on Shimmer to pull real-time price data onto the EVM, which is very crucial for derivatives platforms and lending protocols.

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In another major development, Web3 gaming experience IOTAHeroes is launching the Treasures of Shimmer Battle test on the newly launched ShimmerEVM network. The two-week-long campaign shall start on May 3 and will allow users to month their own hero characters. This gives participants an opportunity to partake in a prize pool of 1,300,000 SMR tokens.

Additionally, upon completing tasks on IOTAHeroes, users will be rewarded with a limited-edition item upon the games launch. IOTAHeroes is also a member of the Touchpoint Open Builders Program, providing the IOTA community with an opportunity to enjoy a casual RPG and participate in Play2Earn activities.

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IOTA's Shimmer EVM Breaks Records: 1 Million Transactions and ... - Crypto News Flash