July was another massive month, not only for the platform and ecosystem, but also for finance at-large. From launching historic products to integrating key partners, the developments were significant. Major highlights included the launch of AINJ, the Injective Staking ETP, and the integration of OndoFinance and MountainUSDM, offering new yield-bearing stablecoins $USDY and $USDM. These achievements reflected Injective's growing influence in the institutional space.

Likewise, ecosystem's diversity expanded with the introduction of StreamSwap and Start.cooking, enhancing functionality and user experience. Additionally, network security was bolstered by Galaxy Digital joining as a validator, reinforcing Injective’s commitment to a secure and robust platform.

👇Key Metrics

#Burn Auction

-75,232 INJ ($1.8M+) burned in July

-6.08 million INJ burned in total

-1300% increase over the last year

#Developer Activity

-135,313 monthly downloads of Injective SDK

#Staking and Delegation

-60 million+ $INJ staked

-222,000 unique delegates

#Network Activity

-80 million blocks processed

-Over 829 million on-chain transactions, including a record 3.9 million in a single day on July 4th

-$1.6 billion trading volume across Injective DEXs in July, peaking at $163.9M on July 4th