The Kava Network team announced via Twitter on Thursday that its Kava 13 has launched on the mainnet. Kava 13 unlocks liquidity on both Cosmos and Ethereum and increases the utility of wallets, dApps, and assets on both Cosmos SDK and EVM.
The new internal bridge uses the security of IBC consensus to let users send native Cosmos assets to the full range of protocols deployed on Kava EVM. The seamless bridging experience reduces the number of clicks, waiting, and uncertainty of relying on third-party middle-chain bridges.
Kava 13 will unlock liquidity on both Cosmos and Ethereum and increase the utility of wallets, dApps, and assets on both Cosmos SDK and EVM chains.
Kava aims to become the default DeFi platform by providing stablecoins and decentralized lending against all major crypto assets. KAVA is down by 2% in the last 24 hours and is trading at $0.932 at press time.