Injective launches onchain AI Index, blending stocks and tokens like NVDA, INJ, AI16Z
The Injective Overview - February 10, 2025
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Injective By the Numbers
$INJ price: $14.36 (-23%)
Token market cap: $1.4B (-23.5%)
Total token holders: 50.31 (+0.62%)
Total $INJ staked: 57.74M (-0.36%)
Staking APR: 11.86% (+1.54%)
Total validators: 171 (+0.58%)
Injective daily trading volume: $59.37M (+164.1%)
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 has had an eventful few weeks with a recent rebrand and launch of an AI Index Perpetual Market (AIX), which combines AI stocks like NVIDIA and Taiwan Semiconductor with crypto tokens like INJ and ai16z.
🥷Why it matters: This index is listed on Injective’s decentralized exchange, Helix, and creates an institutional-grade investment product that’s accessible through its onchain rails, providing a decentralized trading experience.
It can be seen as a “perfect marriage” between traditional AI investments for both crypto and TradFi investors, Injective CEO Eric Chen said on Talking Tokens podcast.
This product comes at a time when institutions are seeking compliant ways to enter DeFi. Injective's RWA module allows customization for compliance parameters, making it attractive for institutional participation, while still maintaining decentralized benefits.
It provides an RWA module “where you can customize the parameters for DeFi rails,” Injective’s Head of BD Mirza Uddin said on the podcast. “So you can add in KYC guards and say, ‘Hey I only want to trade with counterparties that have at least 100 million in AUM.’”
With that said, Helix has already attracted many institutional market makers and liquidity providers such as IMC Trading, Pyth, Anti Capital, and Wormhole. The platform has processed over $45 billion in volume to date. The plan is to hit $45 billion in volume on a daily basis by the end of 2025, Chen said.
The rebrand also transforms Injective from a trading platform into the first blockchain built specifically for finance. The upgraded Injective Hub V2 offers smoother onboarding and better analytics, while the new InjScan explorer adds smart contract and NFT features. These upgrades help Injective achieve its goal of letting anyone trade any financial asset 24/7, whether they're individual traders or large institutions.
The platform's ability to combine traditional and crypto assets, along with its focus on regulatory compliance, creates a stronger bridge between TradFi and DeFi. This approach reduces common barriers to entry and allows users to access various financial products through a single platform.
🥷 The bigger picture: Injective's recent developments align with the growing institutional interest in crypto, AI and DeFi. With PwC projecting the global AI market to reach $15.6 trillion by 2030, institutional investors are seeking exposure to this industry as well as DeFi. This positions Injective's platform and products like AIX as strong options for both institutional and retail investors.
The rising demands of similar onchain tokenized products can also attract greater liquidity and users onto Injective. With the increasing interest from global financial institutions, there’s potential for the growth of tokenized assets on Injective's network and across the broader blockchain ecosystem.
Injective's recent governance proposal, for an onchain TradFi Index, can also help connect the blockchain with traditional finance even further. The ecosystem’s goal of creating a compliant infrastructure opens the door for institutions to enter DeFi, making sophisticated financial products more accessible.
Expanding its financial ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Injective launched Hub V2 with new features and resources on staking, governance, trading and dApps – check it out here
Check out InjScan, Injective’s new blockchain explorer, for live onchain data
Learn more about Injective EVM, allowing both EVM and WASM developers to build on the blockchain
Injective released a governance proposal to launch an onchain TradFi Index
Read about Korea Digital Asset Custody (KDAC) launching a validator on Injective
Explore Injective’s institutional overview here
Exploring the coin landscape
Injective was the most mentioned “AI Coin” on social media on Feb. 5th , according to LunarCrush Analytics
Injective ranked 5th in net flows across all blockchains at $12.6M, over the past 14 days, according to Artemis data
Top 5 coins by market cap on Injective (excluding INJ):
HDRO: $8.55M
NINJA: $2.63M
QUNT: $2.40M
DUEL: $2.27M
DOJO: $1.1M
via Coinhall data
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Injective rebranded: Learn more about the story and vision behind it in this video on X
Watch the Opening Ceremony for Injective’s AI Agent Hackathon ft ElizaOS, Google Cloud, and Dorahacks
Injective Labs CEO went on CoinDesk to discuss the launch of $AIX
ICYMI: Injective Labs did its quarterly ecosystem update on the Talking Tokens podcast
Check out this recent episode of the Crypto Coin Show with Injective’s Head of BD
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 below.
Going to ETHDenver? Join the Injective Builder Day to mix to learn and meet the Injective community
Check out the Injective MultiEcosystem Art Competition for rewards
Join the Injective institutional ecosystem 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.