The Month of October For Injective

In October, Injective experienced remarkable growth across its ecosystem dApps and chain statistics, garnering significant public attention. This growth was driven by several notable developments, including the launch of new products and features, as well as partnerships with leading companies like Google Cloud.

Notable Ecosystem Developments in October

DeFi

• Mito, the first automated DeFi hub on Injective, is now open to all users in early access.
• Neptune Finance, a peer-to-peer lending protocol, is also live in early access on the Injective testnet.
• Exotic Markets has launched the first options infrastructure protocol on Injective, also in early access.
• Black Panther, Injective’s decentralized asset management protocol, has launched its liquidity bootstrapping event.
• Hydro, an Injective-native LSD protocol, is currently undergoing an audit.

NFT

• Dagora, a new NFT marketplace and launchpad, is now live on the Injective mainnet.
• Talis Protocol, an existing NFT marketplace on Injective, has achieved $1 million in traded volume since its launch.
• Talis will launch its governance token, $TALIS, on November 3rd.
• Blocksmith Labs is teaming up with Nebula, an upcoming NFT marketplace, to provide Injective users with a smooth pre- and post-mint process.
• TFM, Injective’s own NFT aggregator, is now live with detailed analytics and sorting options for NFT collections.
• Quants, the first NFT collection to directly contribute to the INJ burn auction, will launch on November 11th.

Other

• Public registration for .inj domain names is now live.
• Talis has enabled .inj domain name trading on its platform.
• Ninja Blaze, a crypto-based gaming platform on Injective, has announced its upcoming testnet launch on November 1st.
• The extension version of Ninji, the first native Injective wallet, is on the way.

Chain Updates

• BitGo, a leading institutional custody and digital asset finance provider, has integrated Injective and offered native support for the INJ token.
• KAVA Proposal 165, which incentivizes the adoption of Kava-issued native tether (USDt) on Injective, has passed.
• Injective validator Bware Labs has introduced a new Injective mainnet faucet to help developers onboard.
• Users can now delegate tokens and check each validator’s status on the Injective Hub.

Injective Initiates Illuminate Hackathon Supported by Google Cloud

Injective initiated the Illuminate Hackathon, backed by Google Cloud, to support and expedite the onboarding of startups onto the Injective platform. Additionally, Google Cloud integrated Injective to provide its dataset to developers and enterprises, broadening core chain data from Injective to be shared with the broader mainstream world.

Injective Highlights

• Injective processed over 313 million on-chain transactions and produced over 49 million blocks on mainnet in October.
• A total of 15,199 INJ was burned through weekly burn auctions, bringing the total amount of INJ burned to-date to 5.77 million.
• All exchange dApps built on Injective have achieved a cumulative trading volume of $13.4 billion since mainnet.
• The total assets on Injective Chain reached over $1.11 billion.
• The INJ staking APR on Injective is 16.16%, with over 44 million INJ staked.
• Injective has become the fastest blockchain in the Cosmos ecosystem, with 0.8s block time on mainnet and 25,000 TPS.
• The total gas fees paid by users on Injective to date is zero.
• Injective hit over 400K followers on Twitter and 212K members in Discord.

This momentum is continuing into November, with a number of exciting developments on the horizon. For example, the Illuminate Hackathon is currently underway, and the winners will be announced on November 11th. Additionally, Talis Protocol, an NFT marketplace on Injective, launched its governance token $TALIS on November 3rd.

About Injective

Injective is a lightning-fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps.

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