MEV refers to a method by which network validators earn fees by reorganizing and changing the order of transactions waiting to be added to the blockchain.
IOTA EVM claims to have a built-in feature that prevents the ordering of transactions, helping to avoid extracting benefits from fees.
Parallel processing involves sending multiple network transactions simultaneously, which ensures blockchain scalability, reduces gas costs, and increases transaction processing speed.
According to IOTA co-founder Dominik Schiener, Layer 2 will particularly focus on decentralized finance (DeFi) applications and the use of real-world assets (RWA).
Following the launch, the value of the IOTA token strengthened, increasing by 6% over the past 24 hours.