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Injective By the Numbers
$INJ price: $13.17 (+6.47%)
Token market cap: $1.29B (+6.61%)
Total $INJ staked: 54.67M (+0.16%)
Staking APR: 12.82% (+0.08%)
Injective daily trading volume: $146.51M (+127.57%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting in the biggest developments
🥷 What happened: Injective has added support for trading pre-IPO perpetual futures to its network letting users trade synthetic instruments linked to the valuations of private companies like OpenAI directly onchain.
🥷 Why it matters: By enabling synthetic perpetual future trading, Injective is unlocking access to the pre-IPO market for retail and institutional traders via platforms like Helix.
Pre-IPO shares, which have long been accessible only to venture funds and accredited investors, make up a $12 trillion asset class that’s traditionally been in high demand due to the large upside potential presented by startups. But private market companies are hard to get into for retail investors, and institutions usually avoid investing in startups as they’re inherently risky.
With pre-IPO trading, Injective aims to give all kinds of investors exposure to companies before they go public, lowering barriers for both retail and institutional participants to diversify into high-growth assets.
As demand from traders for speculation tools rises, Injective can leverage blockchain technology to enable real-time position management and direct integrations that alleviate the limitations of centralized platforms.
🥷 The bigger picture: Unlike other pre-IPO solutions from the likes of Robinhood, Injective’s pre-IPO perpetual futures are hosted fully onchain, it’s a completely open market that lets anyone invest in major private companies and trade them using leverage.
The new functionality also showcases the network’s strengths in tokenization and RWA integration, potentially paving the way to support more pre-IPO markets or other asset classes.
Expanding the financial ecosystem
Updates on the latest network of dApps, validators, and builders helping Injective expand its financial use cases.
Injective introduced a unified bridge, letting users transfer assets from any chain to Injective
Daily perpetual volume on Injective hit an all-time high of $803.4M on Oct. 1
Injective dApps ecosystem this month saw growth in:
Unique active wallets: 104.28K (+1.31%)
Dapp volume: $4.17B (+47.24%)
Dapp transactions: 657.67M (2nd most all L1 blockchains)
Perpetual trading for Double Zero is available via Helix with up to 5x leverage
Explore Injective’s institutional overview here
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players in the Injective blockchain.
Hyper Ninja launched a ninja-themed resource management web3 game on Injective
The private beta of Paradyze’s AI-powered perpetual trading platform on Injective is now open
Libre Capital’s TVL on Injective increased 300% to $8.06M for its asset manager infrastructure protocol
B3X.AI released an AI Fund Builder using Injective SDK, allowing users to think, prompt and develop trading strategies in real-time
Injective team made appearances with its Institutional Lead Cooper Emmons at Token2049 and Head of Research Brandon Goss at Capitol Hill
For more Injective updates, check out its blog here.
Dive deeper into Injective
Want to get involved in the ecosystem? Check out some more activations below:
Find the latest job postings on Injective Labs here
Injective ecosystem founders: Check out these programs offering grant funding and mentorship:
Cointelegraph Accelerator 12-week program
Outlier Ventures 9-week program for early-state EVM developers
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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.