The IOTA Foundation has recently unveiled its Layer-1 staging network Shimmer and its Iotabee DEX, a decentralized trading exchange. The DEX has managed to increase the total value locked (TVL) on the Shimmer blockchain by a staggering 4x or $600,000. The ShimmerEVM also offers a bridge between the IOTA Network and the Ethereum applications.The IOTA Foundation is now introducing IOTA 2.0, a protocol designed for digital autonomy and decentralization. The new protocol is public, decentralized, parallelized, democratic, and sustainable. The IOTA Foundation is further poised to release a series of resources regularly to elucidate the IOTA 2.0 protocol. Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials related to cryptocurrencies. Readers should do their own research before taking any actions related to cryptocurrencies.

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Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	8
People	None
Companies	ShimmerEVM, Iotabee DEX, IOTA Foundation, Ethereum Virtual Machine (EVM), Blockscout
Currencies	Bitcoin, Ethereum, Shimmer, IOTA, Newdex
Securities	None