The Injective September Community Update

In September 2023, Injective maintained its position as a leading Web3 finance platform, spearheading growth and development through several exciting initiatives.

One of the most significant milestones was the launch of inEVM, a groundbreaking feature that enables Ethereum applications to seamlessly operate on the Injective network. This opens up new opportunities for Ethereum developers and users and makes Injective even more attractive as a platform for building and deploying dApps.

Another major highlight was the launch of Black Panther on mainnet. Black Panther is an asset management protocol that offers grid bots for BTC, ETH, and INJ perps, with an APY of over 40%. This provides users with a new and innovative way to generate yield on their assets.

Injective also had a strong presence in Asia in September, participating in two prominent events: Korea Blockchain Week and Token2049 Singapore. At these events, Injective showcased its leadership and announced the launch of inEVM. The Injective team also met with potential partners and investors and raised awareness of the project among the Asian community.

In addition to these key highlights, Injective also made significant progress on its ecosystem and chain development.

Ecosystem updates:

• Helix, the premier orderbook DEX on Injective, added new spot markets for ORAI and NEOK.
• Levana Protocol launched a new perpetual swap exchange on Injective mainnet, with real yield for LPs, high leverage, and risk-adjusted trading.
• Mito, the first automated DeFi hub built on Injective, opened to all Early Access Pass NFT and Zen NFT holders.
• Hydro, an Injective-native LSD Protocol, released its testnet in phases.
• Injscribed Punks team introduced the first raffle platform on the Injective mainnet.
• The first native Injective Wallet, Ninji, is launching soon.

Chain updates:

• Injective integrated Korea’s leading layer one Klaytn to massively scale interoperability.
• The largest crypto platform in Thailand Bitkub integrated Injective.
• Noble and Circle brought native USDC into the Injective ecosystem.
• 1RPC integrated Injective, bringing enhanced privacy data infrastructure to Web3.
• Apello integrated Injective to enable token gating based on the number of NFTs held.
• Coinhall integrated Injective to track real-time spot markets across both Helix and Astroport.
• Injective integrated with Akash Network, enabling seamless decentralized Injective node deployments.
• Station Wallet integrates Injective to enable viewing, sending, and receiving tokens on Injective.
• FORDEFI supports Injective on its all-in-one institutional MPC wallet platform.
• Circuit Trading integrated with Helix and the orderbook module on Injective to unlock liquidity across dApps built on Injective.
• Injective welcomed a new validator, TTT Capital, as the first validator in Vietnam to onboard Injective.

Stats:

• Injective processed over 292 million on-chain transactions.
• Injective produced over 46 million blocks on mainnet.
• A total of 15,127 INJ was burned through weekly burn auctions in September, and a total of 5.75 million INJ has been burned to date with over 117 times of burns.
• All exchange dApps built on Injective have achieved a cumulative trading volume of $12.6 billion since mainnet.
• The total assets on Injective Chain reached over $569 million.
• The INJ staking APR on Injective is 15.94%, 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 390K followers on Twitter and 204K members in Discord.
• The total trading volume on exchange dApps on Injective reached $366M in September, with its peak daily volume on September 28th reaching $21M volume. The most liquid markets are BTC and ETH perpetuals.

Conclusion

In September, Injective achieved significant milestones across its ecosystem and chain. The launch of inEVM, Black Panther, and the Injective Asia Tour were just a few of the highlights. With its commitment to growth and innovation, Injective is positioned to continue its leadership in Web3 finance.

What this means for the future of Injective

The launch of inEVM is a major milestone for Injective. It opens up the platform to a whole new world of Ethereum developers and users and makes it even more attractive as a destination for building and deploying dApps.

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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