The Kava Network team announced via Twitter on Thursday that the Kava Ethereum Virtual Machine (EVM) 2.0 is set to launch this holiday season. The team added that the Kava sidechain runs alongside the Ethereum blockchain, creating a superhighway for the integration of data, dApps, and assets into the Kava ecosystem.
Kava aims to become the default DeFi platform by providing stablecoins and decentralized lending against all major crypto assets. KAVA is up by 7% in the last 24 hours and is trading at $0.967 at press time.