Cardano Users Can Soon Access Ethereum Dapps Directly From ADA Wallets

The move will be enabled after a new feature on Milkomeda, an Ethereum Virtual Machine network, goes live.

AccessTimeIconMar 31, 2023 at 6:23 a.m. UTC
Updated Mar 31, 2023 at 2:19 p.m. UTC

Those who use the Cardano blockchain will soon be able to gain access to Ethereum Virtual Machine smart contracts with any cardano (ADA) wallet, expanding Cardano's usefulness.

That is thanks to an upcoming feature on Milkomeda, a network that connects blockchains such as Cardano and Algorand to EVM contracts.

“Milkomeda (Cardano’s EVM layer) is launching a feature allowing EVERY Cardano user to use EVM contracts directly from ANY Cardano wallet,” Sebastien Guillemot, CEO of Milkomeda, said late Thursday.

“Milkomeda is soon enabling staking rewards for all EVM users, including smart contract developers,” Guillemot stated, adding that staking rewards from Cardano products built on Milkomeda will be paid “automatically every five days.”

An Ethereum Virtual Machine is where all Ethereum accounts and smart contracts live, serving as a virtual computer used by developers to create decentralized applications, or dapps.

When deployed on other blockchains, EVMs can allow developers to build dapps and decentralized-finance applications similar to the way they would on the Ethereum blockchain.

The new feature will allow Ethereum application developers to build on Cardano’s network using Solidity – the computer language used to code Ethereum – without the need to install new toolkits or learn a new computer language.

Such applications can then be used solely with Cardano tokens instead of ether (ETH), the native token of the Ethereum network, increasing the tokens' utility for holders.

Edited by Greg Ahlstrand.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.