Ethereum Alternative Kadena Launches Chainweb EVM for Scalability Solutions

In a move that could redefine the blockchain landscape, Kadena, a scalable Layer 1 Proof of Work blockchain, has announced the launch of its Chainweb EVM, positioning itself as a decentralized alternative to Ethereum Layer 2s. Here’s a closer look at this groundbreaking development.

Kadena Launches Chainweb EVM to Solve Ethereum Scalability

Kadena, a scalable Layer 1 Proof of Work blockchain, has announced the launch of its Chainweb EVM by adding 20 EVM-compatible chains to its multi-chain network. This unique infrastructure aims to help businesses build secure, efficient, and developer-friendly blockchain applications. With the debut of the Chainweb EVM, Kadena has emerged as a decentralized alternative to Ethereum Layer 2s, offering near-zero gas fees, infinite scalability, and energy-efficient Proof of Work security. The Chainweb EVM initiative has garnered interest from hundreds of builders, with exclusive early access available at ETHDenver. Kadena remains committed to leveraging blockchain technology to solve real-world problems.

Ethereum Whales Accumulate 130,000 ETH Amid Price Drop

Ethereum whales have accumulated over 130,000 ETH as the price of the second-largest digital asset fell below $1,800, its lowest level since November 2024. Despite macroeconomic uncertainties fueled by US trade tariffs, Ethereum’s network metrics show growth, with an increase in new addresses and decreased gas fees. Currently trading at around $1,700, Ethereum has declined by 6% in the last 24 hours and 45% in Q1 2025, marking one of its worst quarterly performances.

Millions of Ethereum Flow Back into Exchanges: Is This a Matter of Concern for the ETH Price Rally?

Investors remain distressed after the announcement of new tariff plans, leading to the worst day for US stocks since 2020. This has negatively impacted crypto markets, with Bitcoin and Ethereum consolidating within a range. While technical indicators suggest a bullish outlook for ETH, whales appear uncertain. A major institutional shift is detected, with millions of Ethereum hitting exchanges, suggesting potential market turbulence.

Ethereum Pectra Upgrade Scheduled for May 7, 2025

The Ethereum blockchain is poised for a significant turning point with the Pectra upgrade on May 7, 2025. Considered the most substantial update since Dencun, this upgrade introduces 11 EIPs, including EIP-7251 which allows validators to stake up to 2,048 ETH (compared to 32 currently), directly targeting institutional actors by simplifying node management and streamlining consensus participation. Other innovations include EIP-6110 to accelerate crypto staking and proposals facilitating withdrawals with reduced risk. This upgrade could potentially rekindle interest in Ethereum.