Injective launches iAgent to automate blockchain interactions using AI
The Injective Overview - December 2, 2024
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Injective By the Numbers
$INJ price: $29.21 (+17.22%)
Token market cap: $2.85B (+15.38%)
Total token holders: 49.4K (+0.61%)
Total $INJ staked: 57.9M (-2.34%)
Staking APR: 11.19%
Total validators: 168 (+0.60%)
Injective daily trading volume: $48.4M (+63.1%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting in the biggest developments
Highlighting some of the biggest announcements from Injective.
🥷What’s happening: Injective launched iAgent, the network’s software development kit (SDK) that allows users to utilize onchain AI agents to perform blockchain transactions.
🥷Why it matters: The release of iAgent hopes to provide accessibility for technical and non-technical blockchain users by incorporating AI and easy-to-write scripts. The tool integrates large language models like ChatGPT to turn blockchain interactions into natural language commands. This means users can perform tasks like executing trades or managing funds through AI automation by simply writing out what they want to do.
In general, the usage of AI has exploded in mindshare across the blockchain sector and traditional technology world alike. The product release of iAgent is Injective’s way to showcase how helpful AI can be. However, for some, the inclusion or education behind AI into everyday tasks can be scary. Despite this, iAgent can lower the learning curve by making it easy to read commands.
🥷 The bigger picture: The iAgent combines AI technology with the decentralized infrastructure that blockchain offers. This move can position Injective as a pioneer in AI-enabled finance because of the simplified user interface. In turn, this can showcase the capabilities AI brings to DeFi solutions and make way for more applications to incorporate it.
Expanding its financial ecosystem
Coinbase released Coinbase 50, an index of the top 50 coins in the crypto landscape, including Injective ($INJ)
Dojo released DojAI, a platform that allows users to create AI agents to conduct trading across Injective
The INJ token hit all-time high in daily volume at $1.4B on Nov. 26, data on DefiLlama shows
Lunar Crash, a social and market data company, shared Injective ranks #1 amongst AI coins by social mentions on Nov. 27 (shown below)
Explore Injective’s institutional overview here
Exploring the trading landscape
Injective deployed Meme Bridge, a way for users to trade and bridge memes from the Solana network
AI token $agent was deployed using iAgent and hit an all-time high of $3.62M market cap
Game-centric memecoin $DUEL hit $6.7M market cap and is up about 73% over a 7-day period, Coinhall data shows
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Read more about the Meme bridge in a thread by X user Chrizyoung
Check out this thread created by X user Numero Uno about iAgent on Injective
By the headlines
You might have seen these Injective-related headlines recently…
The November Monthly Community Update: The Summit & AI Insights (Injective Blog)
Injective co-founder and CTO Albert Chon spoke on an interview about the network (Park Writer's Crypto Research Institute)
For more Injective updates, check out its blog here.
Dive deeper into Injective
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.
Helix shared it will be giving away a Tesla Model 3 as the top prize for its trading competition
Hear about the latest AI-centric memecoins in Injective’s X space from Nov. 25
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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.