This platform may push the AI agent sector forward
The Injective Overview - December 30, 2024
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Injective By the Numbers
$INJ price: $20.18 (-28.9%)
Token market cap: $1.97B (-29.14%)
Total token holders: 50.4K (+0.80%)
Total $INJ staked: 57.17M (-0.04%)
Staking APR: 11.6% (+1.58%)
Total validators: 169 (+0.60%)
Injective daily trading volume: $47.83M (-5.50%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting in the biggest developments
🥷What’s happening: Sonic, a gaming and app-centric Solana Virtual Machine (SVM) chain, teamed up with Injective to launch a cross-chain AI agent platform.
🥷Why it matters: The platform will be powered by Sonic’s HyperGrid technology, which is a framework for orchestrating optimistic Solana SVM rollups. In layman’s terms, this means it's a system where chunks of Solana's work are handled off to the side, like on a layer-2 blockchain, then sent back to the main network to keep the main network fast and efficient. This "optimistic" method makes it faster, while still keeping it secure.
This initiative also introduces the Smart Agent Hub, a toolset that can enable developers to create and monetize AI agents by integrating the Solana and Injective ecosystems through the Inter-Blockchain Communication Protocol (IBC). The hub can also facilitate seamless cross-chain asset interoperability to provide a more unified user experience for Solana-based applications on Injective.
AI agents have grown tremendously in market share across the broader crypto industry and Injective’s recent innovations showcase the blockchain’s commitment to it. In addition to The Smart Agent Hub, Injective’s releases of its iAgent SDK and AI intern X account can be seen as the network’s next step toward bridging AI agents. In this case, it’s across multiple blockchain ecosystems, by leveraging tokenization to create economic opportunities such as fractional ownership and revenue sharing.
In order to create a more decentralized AI agent ecosystem, Injective looks to let developers be able to create, manage and monetize their AI agents. This would give user empowerment while also integrating new verticals like gaming, entertainment, DeFi and social platforms. The Smart Agent Hub can lay a foundational blueprint for new economic models in decentralized AI via its tokenized ownership model.
🥷 The bigger picture: Sonic’s partnership with Injective can be seen as the two entities ability to tap into the growing demand for cross-chain solutions and integration of AI agents.
If the Smart Agent Hub can handle the rise in usage of AI agents, it can enable the creation of more diverse applications across networks. The intersection of popular blockchain capabilities such as AI agents and interoperability can progress the industry forward as a whole for its integrity.
Expanding its financial ecosystem
Aethir teamed up with Injective to create a tokenized marketplace for GPU compute resources
Mercado Bitcoin integrated Injective’s token to its Latin America-based exchange
Asset management protocol Black Panther launched Black Grid, a platform that lets users provide liquidity across multiple trading markets
Neptune Finance deployed updates to its trading protocol for new staking and fee generation opportunities
Also…it’s TVL hit an all-time high of $15.4M when the upgrade went live (shown below)
Source: DefiLlama
Explore Injective’s institutional overview here
Exploring the trading landscape
Memecoin $QUNT hit $6.5M market cap, up 4% WoW, according to Coinhall data
DojoSwap released DojAI, an AI agent and token launcher on Injective
Read more about DojoSwap in a thread by X user KingPin
The Ninjas hit 130 $INJ in daily NFT trading volume on Dec. 26, an 85% increase on the week, Talis data shows
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Injective is hosting an end of year treasure hunt campaign to win up to $5,000 - see details here
Hypernative Labs collaborated with Injective - read more about it from a thread by X user Ranger
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 released its points program earlier this month - learn more via a thread by X user Endurance
Injective Academy released a tutorial on how to bridge memecoins from Injective to Solana
Dive into the Injective NFT ecosystem and join their Discord
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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.