Crypto: Noble Blockchain Shifts From Cosmos To Launch A Standalone Evm

Noble is seeking better developer access and a more robust tech stack to build its new EVM-compatible stablecoin-focused blockchain, which will launch in March.

Noble, a stablecoin blockchain, has announced it is moving from the Cosmos ecosystem to Ethereum, citing the need to access a better tech stack and wider developer community.

Noble announced on Tuesday that it will be migrating its Cosmos SDK-based blockchain to a standalone EVM (Ethereum Virtual Machine) layer 1, planning to launch on March 18.

Noble is a venture capital-backed blockchain originally designed as a neutral liquidity hub for stablecoin and tokenized real-world asset issuance.

Due to its evolution into a network supporting real end-user stablecoin applications and DeFi, the team saw the need to transition from its original Cosmos roots to a high-performance Ethereum-compatible L1, they stated.

Noble claims to have processed more than $22 billion in transaction volume since 2023, has 30,000 monthly active users, and is the primary liquidity layer for over 50 blockchains.

The rationale for switching to EVM was to access a better tech stack and open-source “Commonware” using the Rust-based blockchain framework and Reth Ethereum client, which offers superior performance, said the team.

They also said they wanted better user and developer accessibility, which EVMs provide, as it is where most crypto developers already work.

There are also scaling limitations with Cosmos architecture, which were constraining product development, they said.

Related: Ethereum powers $8T in stablecoin transfers in Q4, smashing record

Source: CoinTelegraph