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Injective By the Numbers
$INJ price: $10.46 (+2.95%)
Token market cap: $1.04B (+2.97%)
Total token holders: 50.95K (+0.41%)
Total $INJ staked: 57.19M (-2.72%)
Staking APR: 12.21% (+4.81%)
Injective daily trading volume: $54.35M (+166.42%)
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 largest announcements from Injective.
🥷What’s happening: Injective deployed equity trading onchain for McDonalds (MCD), Robinhood (HOOD), MicroStrategy (MSTR), Coinbase (COIN) and Tesla (TSLA) via Helix.
🥷Why it matters: Accessibility and diversification are two significant elements for many traders. Injective is continuing its efforts to bridge traditional equities with decentralized finance (DeFi) by offering traders access to more stocks onchain, in part with its iAsset initiative.
What stands out in this latest batch of stocks coming onchain is the inclusion of HOOD, COIN and MSTR. These two equities are commonly associated with the blockchain space and cryptocurrencies like bitcoin, given their external initiatives with the sector. By providing these assets to web3 traders using Injective’s network, it pushes the boundaries of onchain financial instruments and blends TradFi with DeFi.
In general, iAssets are designed to change how traders are able to interact with real-world assets and lower the barrier for participation in traditional markets through a blockchain. This creates opportunities for increased trading volume and showcases the capabilities of DeFi in traditional finance outlets.
Unlike traditional models, where in order to trade equities a user would have to lock their capital, iAssets can integrate familiar crypto trading strategies such as perp trading.
🥷 The bigger picture: Earlier this month, Injective released iAssets with Nvidia (NVDA) as its first equity to be a part of the initiative. It has generated more than $13.6 million in trading volume, showcasing demand for equity trading onchain.
With the addition of TSLA, MCD, HOOD, COIN and MSTR, the protocol can provide more accessibility with real-time pricing and cross-network liquidity.
If the latest asset additions follow similar success to NVDA’s integration, it can bring in more liquidity and traction as well as attract new retail traders and institutional players into the blockchain world.
Expanding its financial ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
The network’s 193rd burn auction concluded with 12,500 INJ tokens removed from circulation
Mito, an RWAs and yield generation platform on the network, hit 1.78K unique active wallets and is up 146.34% month-over-month
Pyth Network integrated its 1 millisecond price feeds and market data to Injective
QuickNode enabled its real-time data monitoring and minimal latency services for developers on Injective to utilize
Timeworx launched a token sale on Republic for its AI data labeling application
Helix deployed a TradFi Tech Stock Index perp to its platform - an onchain tradeable index that tracks the Nasdaq 100
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Injective DevRel Chuhan Jin spoke with QuickNode about how the protocol leverages its multi-VM stack to provide multi-chain interoperability
Kakeru launched leverage staking and AI-powered yield pools to the network
Learn about the Injective EVM in an X post by Four Pillars about how its built-in modules can enhance developer capabilities
BitGet hosted an X space with the Hydro Protocol team and Injective Labs BD Cooper Emmons about staking on the network
The ecosystem’s AI Agent Hackathon submissions closed - here are some metrics from the entries:
496 hackers entered
124 BUIDLs submitted
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.
Injective Summit is happening in NYC on June 26 - sign up here
Participate in Bitget’s campaign and earn a share of a 6,610 INJ prize pool for engaging with dApps within the wallet
Injective ambassador program is open for all types of content creators - join the Discord to learn more
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This product was built by Token Relations.
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.