Welcome back to the Injective Overview.
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The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Highlighting some of the latest announcements from Injective.
Injective’s TradFi index saw $11M in volume in first two hours post-launch
The TradFi Index, which tracks hundreds of the largest publicly traded stocks, saw its trading volume spike out the gate, signaling strong demand for TradFi and DeFi fusion products onchain. The newly released index reached $11 million in volume, which is important because it demonstrates market enthusiasm for accessing traditional equities like Amazon, Microsoft, and Goldman Sachs in a decentralized, 24/7 environment.
This capital inflow helps bolster liquidity onchain and showcase Injective’s ability to tokenize financial instruments. For new users, robust inflows indicate a liquid market and allow them to enter or exit positions without impacting the price too heavily. This is valuable to have because the index is set up on a perpetual market structure, which is oftentimes a very risky and volatile way to trade.
The TradFi Index can be a good entry point for new users who might be hesitant to engage with tokenized digital assets due to volatility concerns. As Injective aims to attract both crypto natives and TradFi participants, this high-volume environment could reassure new users that they’re joining a platform with active engagement, not a speculative outlier.
Injective deployed its Nivara Mainnet upgrade to create more opportunities for real-world assets (RWAs), tokenization and network capabilities.
The upgrade introduces an RWA oracle, which means the network can access real-time price updates and utilize a modernized RWA module architecture for greater access control. To expand on that, Injective’s updates to its authorization framework enhances governance and user compliance within the ecosystem.
The new RWA oracle system aims to enhance data accuracy for tokenized assets on the network. This could make Injective a more reliable foundation for institutions and dApps that need continuous real-time updates on assets.
Furthemore, the Nivara upgrade also involved network integrations to broaden developer access. Injective received security updates across its various exchanges and bridges, aimed to provide greater reliability for DeFi purposes. Recently, Injective has made a push to integrate native Ethereum Virtual Machine (EVM) support and eliminate the need for third-party bridges and strengthen its interoperability with Ethereum-based dApps.
By embedding EVM functionality directly into its core network, Injective removes external dependencies. In turn this could improve its performance and security. This integration could also broaden Injective’s developer community and make it easier for Ethereum-based projects to transition onto Injective, while ensuring compatibility with any Ethereum updates.
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Injective’s latest auction completed with 12.6K INJ, or $199K, burned on Feb. 19
Helix released Perpetual Grid Trading, a bot that systematizes trading strategies, monitor markets and execute trades for users during periods of increased volatility
Range added support for Injective to its scanner platform to provide visibility for transactions on the network
Injective launched L1X, an index that combines L1 blockchain’s tokens like SOL, AVAX, INJ into one place
Injective surpassed 1.5B total txns and 100M blocks produced for the network
Explore Injective’s institutional overview here
Janie launched its AI agent-centric token, $JNI – trade it on Helix
Top 5 coins by market cap via Coinhall data:
HDRO: $8.82M
NINJA: $3.4M
QUNT: $2.44M
DUEL: $2.12M
BLACK: $1.1M
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Injective Labs Co-Founder and CEO Eric Chen went on multiple news outlets to talk about the network:
Cointelegraph: Web3 finance future is multi-VM and AI-driven
CNBC Crypto World: How Injective wants to transform the financial landscape
Rakkar: Exploring the Future of Decentralized Finance
Check out this video guide showcasing the capabilities of the Injective Hub
Zentry integrated Injective to its Nexus platform to reward content creators and builders within the ecosystem
Explore the Zentry ecosystem and learn how to get reward for making Injective content via a thread by X user MDCrypto
Hear from Injective’s Institutional Lead Cooper Emmons talk about their strategy for emerging retail meme markets and institutional partnerships on the Data Diaries Podcast
For more Injective updates, check out its blog here.
Want to get involved in the ecosystem? Developers can check out documentation, GitHub and more here. Find the latest job postings here or get involved at an event below.
Listen to meme-centric projects building on Injective in an X space at 1PM EST
Attending ETHDenver? Meet up with the community and hear from the team for Injective’s Builder Day on March 1
Injective is hosting an AI Agent Hackathon featuring a $100K prize pool – see details here
Injective launched its upgraded Ambassador Program for creators to earn rewards in INJ token – learn more and apply here
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.