In October, #Injective experienced remarkable growth across its ecosystem dApps and chain statistics, garnering significant public attention due to its expanding influence and continuous stream of innovative offerings.
Several notable developments within the ecosystem throughout October included: Helix’s introduction of Trading Bots and Pre-Launch Futures, Exotic Markets pioneering the first options infrastructure protocol on the testnet, Neptune Finance launching its testnet for the peer-to-peer lending protocol, and Dagora’s debut of a new NFT marketplace on Injective’s mainnet, aimed at enhancing the NFT Fi ecosystem.
And the momentum is not slowing down. Injective initiated the Illuminate Hackathon, backed by Google Cloud, to support and expedite the onboarding of startups onto the Injective platform. Moreover, Google Cloud has integrated Injective to provide its dataset to developers and enterprises, broadening core chain data from Injective to be shared with the broader mainstream world.
Injective Kicks Off the Illuminate Hackathon Supported by Google Cloud
Injective kicked off the Illuminate Hackathon, a collaborative venture with #Googlecloud and co-hosted by DoraHacks. The Illuminate Hackathon, proudly featuring a substantial US$100,000 prize pool, serves as the premier launchpad for Web3 finance applications.
This innovative Hackathon is an open invitation to all builders, encouraging them to craft native projects on Injective, currently recognized as the swiftest layer 1 blockchain. Participants are encouraged to explore various domains, including DeFi, NFTs, SocialFi, gaming, tooling, and more. Injective and Google Cloud are poised to offer invaluable technical guidance, mentorship, and rewards to assist startups in propelling themselves to the next phase of growth.
Helix Launches Trading Bot & the First Pre-Launch Futures
To cater to the growing demand from retail users, Helix rolled out an exciting new feature: Trading Bots, now available for select spot markets. These Helix Trading Bots empower users to harness advanced order functionalities, automating their spot market trades to capitalize on minor price fluctuations at predefined intervals.
Helix consistently enriches its platform by offering an extensive array of markets, encompassing both well-known options and exclusive selections not found elsewhere. In a notable development during October, Helix expanded its portfolio by introducing Pre-Launch Futures, with the inaugural listing of Celestia (TIA). This move provides all traders with an equal opportunity to access a popular token market before its official launch, a milestone that has garnered recognition from esteemed blockchain media outlets like CoinDesk, The Block, and Crypto Briefing. Other noteworthy additions to Helix’s market offerings include the first Axelar (AXL) perpetual market and the Celestia (TIA) spot market.
Following the spot listing of Celestia (TIA), Helix is hosting a generous giveaway of 30,000 TIA tokens to traders worldwide. You can participate in this exciting opportunity by joining the latest Galxe campaign or making use of LP Rewards, Helix’s latest innovation designed to automate your trades and provide liquidity within your specified range.
Levana Protocol Launches on Injective Mainnet
Levana Protocol has unveiled an all-new perpetual swap exchange on the Injective mainnet, offering real yield opportunities for liquidity providers, high leverage options, and risk-adjusted trading capabilities. Levana stands as a fully collateralized perpetual swaps protocol tailored for the Cosmos ecosystem, allowing traders to engage with up to 30x leverage while benefiting from low fees.
To mark this significant launch, Levana hosted a trading competition, inviting users to explore Injective’s core exchange module, renowned for its exceptional on-chain orderbook and matching engine designed for leverage trading. Throughout the month, Levana expanded its offerings by introducing new perpetual markets, such as BNB/USDT and LINK/USDT, resulting in a surge in user participation and trading volumes.
As of now, Levana has exceeded a trading volume of over $18 million on the Injective mainnet, with plans to introduce additional new markets in the near future.
Injective Integrates Web3 Finance Data into Google Cloud BigQuery
Injective introduced Injective Nexus: Injective’s official blockchain data integration and availability on Google Cloud, one of the leading providers of cloud computing services. Injective Nexus enables core chain data from Injective to be shared with the border mainstream world via BigQuery through the Analytics Hub, Google Cloud’s exclusive data sharing platform.
Both developers and enterprises can interact with custom data sets across the Injective network such as transaction data. Institutions can utilize bespoke Injective datasets for various use cases, including building DeFi applications & machine learning.
For more information about these developments and the continued growth of Injective, you can visit their official website and social media channels.