IOTA EVM is an EVM-compatible Layer 2 smart contract platform anchored to IOTA's feeless DAG-based Layer 1 Tangle, enabling Solidity dApps with sub-cent gas fees and ~2-second block finality. The network supports DeFi, NFTs, real-world asset tokenization, and IoT integrations through native bridgeless asset transfers between Layer 1 and Layer 2, delivering 1,000+ TPS throughput with IOTA as the gas token.

IOTA EVM differentiates itself by anchoring to a feeless DAG infrastructure that enables parallel transaction processing and native token/NFT issuance on Layer 1 without traditional bridges. The platform benefits developers seeking full Ethereum tooling compatibility (Hardhat, MetaMask) combined with predictable low-cost execution, as well as enterprises building IoT applications, micropayment systems, and supply chain solutions that require scalable, cost-efficient smart contract functionality.