Injective has successfully launched its most extensive mainnet upgrade to date, marking the advent of a new era in Web3 finance.
With the Volan Upgrade, Injective introduces the world's first native real-world asset infrastructure, enhances blockchain scalability, expands interoperability, introduces novel burn capabilities, and implements numerous groundbreaking enhancements.
The Volan Upgrade establishes an unparalleled L1 infrastructure for developers and institutions. Notably, the new Injective mainnet introduces a novel permissioned gateway for institutions, coinciding with the launch of the much-anticipated Bitcoin Spot ETF. This opens the door to unprecedented use cases and the broader adoption of crypto.
Key Highlights of the Volan Mainnet Upgrade:
The First-Ever RWA Module: Injective introduces the world's first Real World Asset (RWA) Module, revolutionizing the creation and management of permissioned assets with extensive customization options. Injective uniquely supports a permissioning layer directly on its native chain, maintaining capital efficiency for users while providing compliant access points for financial institutions.
This module enables institutions to easily launch and access a variety of structured products and RWAs, including tokenized fiat pairs, treasury bills, and exclusive credit products. The platform allows the creation of tokens with tailored features, including specific allow lists controlling asset access.
Interoperability Expansion: The Volan Upgrade enhances the Inter-Blockchain Communication (IBC) Protocol, enabling direct interaction with Injective's Web3 financial modules, including its on-chain orderbook. This facilitates cross-chain transactions, advanced order routing, and swaps, streamlining the process for users.
Enhanced Enterprise-Grade Scalability: Injective's latest enterprise APIs significantly reduce latency by up to 90% for institutional users. This improvement is achieved through a mechanism allowing users to bypass indexers and post transactions directly onto the blockchain, enhancing efficiency and speed.
New Exotic Oracle Feed Design: To support a network primed for all financial assets, Injective allows seamless integration of off-chain price feeds directly into the blockchain. This empowers dApps to introduce a diverse range of exotic assets, markets, and products.
Token Economics Optimizations: Injective modifies on-chain inflation parameters, making the INJ token increasingly deflationary as staked assets grow. The token's economics are designed to improve dynamically, potentially reducing inflation to near zero in the long term.
Token Burn Enhancements: The Volan Upgrade introduces the ability to burn any bank token generated on Injective, addressing a community request and providing projects with enhanced capabilities for token burns.
Miscellaneous: Volan, made possible by community voting for Injective Improvement Proposal 314 (IIP-314), includes features like increased wallet access to dApps built on Injective.
The Injective Volan Mainnet upgrade marks a significant stride towards a new financial paradigm, fostering rapid ecosystem growth and setting new industry standards. With advancements like the RWA module, Injective continues to lead the industry, offering a blockchain built for finance accessible to everyday users and institutions.
