{"id":430138,"date":"2022-04-12T00:30:00","date_gmt":"2022-04-11T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/kava-turns-bullish-as-ethereum-co-chain-launch-initiates-push-toward-evm-compatibility\/"},"modified":"2022-04-12T00:30:00","modified_gmt":"2022-04-11T21:30:00","slug":"kava-turns-bullish-as-ethereum-co-chain-launch-initiates-push-toward-evm-compatibility","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/kava-turns-bullish-as-ethereum-co-chain-launch-initiates-push-toward-evm-compatibility\/","title":{"rendered":"# Kava turns bullish as Ethereum Co-Chain launch initiates push toward EVM compatibility"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a257224361b4\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a257224361b4\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/kava-turns-bullish-as-ethereum-co-chain-launch-initiates-push-toward-evm-compatibility\/#%E2%80%9D_Kava_turns_bullish_as_Ethereum_Co-Chain_launch_initiates_push_toward_EVM_compatibility_%E2%80%9C\" >&#8221; Kava turns bullish as Ethereum Co-Chain launch initiates push toward EVM compatibility &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/kava-turns-bullish-as-ethereum-co-chain-launch-initiates-push-toward-evm-compatibility\/#Ethereum_Co-chain_beta_launch\" >Ethereum Co-chain beta launch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/kava-turns-bullish-as-ethereum-co-chain-launch-initiates-push-toward-evm-compatibility\/#Kava_launches_a_750_million_developer_incentive_program\" >Kava launches a $750 million developer incentive program<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/kava-turns-bullish-as-ethereum-co-chain-launch-initiates-push-toward-evm-compatibility\/#New_partnerships_and_protocol_launches\" >New partnerships and protocol launches<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Kava_turns_bullish_as_Ethereum_Co-Chain_launch_initiates_push_toward_EVM_compatibility_%E2%80%9C\"><\/span>&#8221; Kava turns bullish as Ethereum Co-Chain launch initiates push toward EVM compatibility &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network.\u00a0<\/p>\n<p>One protocol that has seen a buildup in momentum since the middle of March is Kava, a project that is developing a co-chain architecture for the Cosmos and Ethereum\u00a0network.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the price of Kava\u2019s native token KAVA has climbed 72.3% after hitting a low of $2.92 on March 13 to establish a daily high of $5.03 on April 8. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/e99ef91a-1426-4fd1-87a4-2eeea43b372e.png\"><figcaption style=\"text-align: center;\"><em>KAVA\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three reasons for the increase in price and momentum for KAVA include the Ethereum Co-Chain beta launch, the launch of a $750 million developer incentive program and a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of partnerships and protocol launches that have expanded the size of the Kava ecosystem. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ethereum_Co-chain_beta_launch\"><\/span>Ethereum Co-chain beta launch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One of the most anticipated developments to come out of the Kava ecosystem was the successful completion of the alpha phase of the Ethereum Co-chain launch. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Ethereum Co-Chain Alpha was AMAZING!<\/p>\n<p>Beta is LIVE &amp; already a powerhouse.<\/p>\n<p>Mainnet launches May 10th, 2022! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Kava?src=hash&amp;ref_src=twsrc%5Etfw\">#Kava<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/EVM?src=hash&amp;ref_src=twsrc%5Etfw\">#EVM<\/a>  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/tnfyAkeLoN\">pic.twitter.com\/tnfyAkeLoN<\/a><\/p>\n<p>\u2014 Kava Network (@kava_platform) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/kava_platform\/status\/1512207355894808584?ref_src=twsrc%5Etfw\">April 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Ethereum Co-Chain enables support for Ethereum Virtual Machine (EVM) smart contracts while the Cosmos Co-Chain enables support for the Tendermint consensus engine and the Inter Blockchain Communication Protocol (IBC). A translator module connects the co-chains and allows for seamless interoperability between the networks. <\/p>\n<p>The mainnet launch of the Ethereum Co-Chain is expected to take place on May 10. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Kava_launches_a_750_million_developer_incentive_program\"><\/span>Kava launches a $750 million developer incentive program<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second reason for the building strength of KAVA was the March 3 launch of Kava Rise, a $750 million developer incentive program designed to help onboard developers from decentralized finance (DeFi), gaming and nonfungible projects into the Kava community. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/17ae44a6-d6af-4fe4-a7e2-9e598d159364.png\"><\/figure>\n<p>Kava Rise is an on-chain incentive mechanism that will distribute 62.5% of all block rewards to developers who are building on Kava\u2019s Ethereum and Cosmos Co-Chains as part of the protocol\u2019s effort to become a builder-owned network. The remaining 37.5% of block rewards will be distributed to stakers. <\/p>\n<p>The incentive program is expected to go live with the Kava 10 upgrade, which will also include the launch of the Cosmos and Ethereum Co-Chains on the Kava mainnet. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>3 reasons why Cosmos (ATOM) price is near a new all-time high<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_partnerships_and_protocol_launches\"><\/span>New partnerships and protocol launches<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third factor helping to boost the demand for KAVA has been the addition of new partnerships and protocols for the Kava network. <\/p>\n<p>Some of the newest protocols to launch on the Kava co-chain architecture include the NFT marketplace OpenBiSea, the decentralized finance launchpad DexPad and the DeFi piggy bank WePiggy. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/c41068ea-dff7-4a2a-aadf-62135d9a125f.png\"><\/figure>\n<p>Other recent launches on Kava include the multichain DeFi lending protocol ForTube, the Ruby Protocol that brings the first algorithmic stablecoin to the Kava Ethereum Virtual Machine (EVM) and an Ethereum Co-Chain integration with the Ren protocol. <\/p>\n<p>VORTECS\u2122 data from Cointelegraph Markets Pro began to detect a bullish outlook for KAVA on April 1, prior to the recent price rise. <\/p>\n<p>The VORTECS\u2122 Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> activity.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/c46331d5-ab37-4ca3-a902-c309e01e9498.png\"><figcaption style=\"text-align: center;\"><em>VORTECS\u2122 Score (green) vs. KAVA price. Source: <\/em><em>Cointelegraph Markets Pro<\/em><\/figcaption><\/figure>\n<p>As seen in the chart above, the VORTECS\u2122 Score for KAVA began to pick up on April 1, around 94 hours before the price increased 25% over the next three days. <\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/kava-turns-bullish-as-ethereum-co-chain-launch-initiates-push-toward-evm-compatibility\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Kava turns bullish as Ethereum Co-Chain launch initiates push toward EVM compatibility &#8220; Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network.\u00a0 One protocol that has seen a buildup in momentum since the middle of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":430139,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZWFhODdmOGUtZTYxOS00ZjYyLTk2NTYtNjIyYmVmYTcyZmE0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74868,74891,75150,105688,95118,20093,73785],"class_list":["post-430138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-defi","tag-ethereum","tag-market-update","tag-markets-pro","tag-nft","tag-cosmos","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/430138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=430138"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/430138\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/430139"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=430138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=430138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=430138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}