Cardano To Become The Top EVM And Gaming Chain, Here’s Why

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Cardano is poised to become “a powerhouse in on-chain gaming” thanks to its recent collaborations with Paima Studios and Milkomeda. Moving forward, users will be able to play all blockchain-based games on other layer-1 blockchains without having to bridge their ADA tokens to another network.

Cardano will be a top EVM chain next month

Milkomeda (Cardano’s EVM layer) is launching a feature allowing EVERY Cardano user to use EVM contracts directly from ANY Cardano wallet

All in pure ADA

This will instantly make Cardano one of the largest EVM chains by user count pic.twitter.com/fp6WwdFmF4

— Sebastien Guillemot (@SebastienGllmt) March 30, 2023

Cardano Blockchain and Milkomeda Protocol

After releasing the Layer 2 (L2) network dubbed Milkomeda, Cardano blockchain users can access Ethereum Virtual Machine (EVM) smart contracts with any ADA wallet. This has been made possible following the network’s integration with Paima Studios, marking the most recent move in Cardano’s improvement series.

Milkomeda is a new protocol that links leading blockchains like Cardano, Algorand, Polkadot, and Solana. The project aims to help non-EVM-based cryptocurrencies to benefit from the expansive user base of the Ethereum ecosystem.

Milkomeda’s vision is realized with EVM-based sidechains offering roll-up technologies for prominent layer-1 ecosystems. To do this, it offers the most popular smart contracting language, Solidity, the same one used on the Ethereum network. In so doing, “Milkomeda promotes inter-blockchain interoperability and accessibility for developers at the layer-2 level.”

Decentralized application (dApp) developers from the EVM playing field can now build their dApps on Cardano via Milkomeda, coded in Solidity. Moreover, users can perform their transactions easily and conveniently using the ADA token.

Yes, any EVM project can deploy their dApp to the whole Cardano community.

No need for users to buy some extra token – they can do everything with the ADA they already have in their wallets

— Sebastien Guillemot (@SebastienGllmt) March 30, 2023

Developers at Milkomeda Foundation have big plans for Cardano, a layer 1 blockchain. In a recent Twitter post, Sebastien Guillemot, CTO and co-founder of Milkomeda, Paima Studios, dcSpark, and Flint Wallet, said, “Cardano will be a top Ethereum Virtual Machine (EVM) chain as early as next month.”

The expectation follows the debut of Milkomeda C1 on mainnet announced on March 28. The project kicked off in mid-2021 and introduced Cardano’s EVM layer allowing ADA users to leverage EVM contracts directly from any wallet. In a prediction on Twitter, Guillemot noted:

All in pure ADA. This will instantly make Cardano one of the largest EVM chains by user count.

Cardano Blockchain and Paima Studios

As regards Cardano’s partnership with Paima Studios, the integration will allow users to enjoy on-chain games using their ADA tokens. This means that users will be able to play blockchain-based games without having to move their tokens to other networks.

Cardano won’t just be a top EVM chain

It will also be a top gaming chain🔥

Paima is a L2 for onchain games with ANY web2 language using ANY game engine

Now live for EVERY Cardano user from ANY wallet

All in pure ADA

Making Cardano a top gaming chain by user count🚀 pic.twitter.com/NNiia22p84

— Paima Studios (@PaimaStudios) April 3, 2023

The partnership is a value addition, considering the security threat of bridging tokens between blockchains. The integration will help reduce the chances of exploits across 2022, where threat actors exploit vulnerabilities in bridging tokens between blockchains.

For enhanced security, the integration ensures that every game is non-custodial. This means funds remain in the wallets of individual users, thereby eliminating the need to transfer to the games’ wallets. Furthermore, the integration enables convenient migration of games built on other networks into the Cardano network. Similarly, users of these other networks could play games on the Cardano blockchain without the need to bridge tokens or move their assets to the network.

Network Improvements

Noteworthy, it is highly likely that the funding of both Milkomeda and Paima Studios can be traced back to the Cardano Treasury. The network allocated up to $40,000 for each project to help them develop the Cardano ecosystem.

Cardano’s onchain treasury has had a massive ROI

3 largest projects started through its treasury

– dcSpark. 50K USD. Now builds many open source tools across the ecosystem

– Milkomeda. 40K USD. Recent tweet got >3K likes

– Paima. 40K USD. Recent tweet got >1K likes pic.twitter.com/7bAQqXynef

— Sebastien Guillemot (@SebastienGllmt) April 4, 2023

If that is true, it is unsurprising, given that Cardano has a successful track record in development matters. Evidence of this can be found in an April 3 post where Cardano founder Charles Hoskinson revealed, “The number of unique wallets participating in staking on Cardano network exceeded those of Ethereum considerably.” Hoskinson also lauded Cardano as “pretty special.”

Cardano is pretty special. It’s almost like a lot of people thought about how to build an excellent staking protocol years ago and made it happen pic.twitter.com/SydlMTYyy1

— Charles Hoskinson (@IOHK_Charles) April 3, 2023

These developments have bolstered the uptrend for the Cardano price (ADA), which has demonstrated strong conviction from the bulls to break through significant resistance levels.

ADA/USDT 1-Day Chart

Cardano (ADA) — TradingView Chart: ADA/USDT 1-day chart

At the time of writing, ADA is auctioning for $0.39 after gaining almost 1% in the last 24 hours. The altcoin is up 7% in the last week and 17% in the last month. This indicates a growing confidence among investors, who appear drawn to Cardano’s long-term prospects.

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