One of Polkadot’s main DeFi hubs, Acala has launched an update that is compatible with popular Ethereum tools.
The development environment is about improving the protocol’s compatibility with Ethereum tools. As a result, Ethereum DeFi apps will access the Polkadot ecosystem via MetaMask.
According to the blog post, Acala Ethereum Virtual Machine Plus (EVM+) gives an entry for Ethereum apps to get a path to Polkadot’s multichain network. Although Acala network is a Substrate-based parachain on Polkadot, it already has interoperability with EVM.
For instance, the team first launched a module called Acala EVM that let Solidity contracts be deployed on Acala and the Polkadot ecosystem in February 2021. But, the integration wasn't compatible with Ethereum tools at the time.
However, Polkadot-based projects now using tools like MetaMask, Truffle, and Waffle, allow developers to create the same user experience as on Ethereum.
Also, the mixture will let DeFi apps reach the Polkadot ecosystem using Ethereum wallet, MetaMask. This means that compatible Ethereum apps will send funds to the decentralized exchange (DEX) AcalaSwap. Not only this, but they will also trade Polkadot-based assets.
Following this, VP of Growth at Acala Dan Reecer said,
“This allows EVM-compatible dApp platforms to expand their collateral and product offerings to their existing user base, while onboarding hundreds of thousands of new Polkadot-native users.”
More so, even though it is technically different from Ethereum, the Polkadot ecosystem provides for modules that can easily connect with other networks. Even more, users can link their Ethereum addresses with their Polkadot addresses, overcoming the need to handle multiple accounts through Acala EVM.