Q4 is already here. Wasn’t it Q1 a month ago?!? Onwards! KBW and Token2049 are now complete and all the focus is now on shipping some exciting updates in Q4.
September was packed with new markets, integrations, events, and groundbreaking product launches, including several world-firsts. Read on to discover the innovative releases from September.
Tokenized Asset Bonanza
Real-world asset (RWA) tokenization was a major theme in September, with many new developments, including the launch of a market never seen before. This has laid the groundwork for the creation of new financial primitives, increasing transparency and making assets more accessible to a broader user base on Injective.
BUIDL Index Release
The release of the Tokenized BUIDL Index was a watershed moment, launching the first perpetual market of its kind to track the supply of BlackRock’s BUIDL fund. The BUIDL fund is a groundbreaking tokenized product, issued on a public blockchain, that provides institutional investors access to yield on assets such as U.S. treasuries.
The new index market allows anyone to trade the supply changes of BUIDL through Injective’s suite of decentralized applications, such as Helix, at the lowest fees and fastest speeds. By introducing this index, traditional financial instruments have become more accessible to on-chain retail users.
Top 3 Blockchains with Tokenized RWAs
Injective has further strengthened its leadership in RWA tokenization, becoming one of the largest blockchains for tokenized assets with over 11 tokenized RWAs—and growing—on the chain.
The network has set the foundation for a future where traditional assets can seamlessly transition onto decentralized platforms. By providing a secure and scalable environment for tokenizing RWAs, Injective is enabling greater transparency and accessibility for on-chain assets.
Injective’s infrastructure now supports a wide range of tokenized assets, allowing builders to create and customize their offerings. This, in turn, gives users access to assets that were previously out of reach for the average investor, advancing Injective’s mission to bridge traditional financial assets with the on-chain world.
Tokenized Asset Coalition 🤝 Injective
Injective joined the Tokenized Asset Coalition, a collaborative effort with industry leaders to drive the future of decentralized financial products. The coalition, which includes prominent players in the industry, such as Coinbase, Circle, WisdomTree and more, is dedicated to promoting the growth of tokenized financial products. Injective’s involvement will help set industry standards for tokenized assets and drive broader adoption across the global on-chain landscape.
The coalition also seeks to create a more robust framework for RWAs by ensuring that tokenized assets are secure, compliant, and interoperable. By working alongside other blockchain leaders, Injective will play a key role in advancing the future of DeFi and fostering the development of a global tokenized asset economy.
Ninja Community Takes Over
Some of the biggest initiatives for Injective took place this month, with the team participating in and hosting over 10 activations, ranging from panels to side events and everything in between. These activations helped amplify Injective’s message far and wide, as well as creating deeper collaboration between the Injective team, builders, and users.
Event Recaps for KBW & Token2049
September was a busy month for Injective, with a strong presence at Korea Blockchain Week (KBW) and Token2049 in Singapore. During KBW, Injective hosted two major events: the Injective Seoul Night and the Hydro Meetup. These events brought together blockchain innovators, developers, and community members to discuss the latest trends in DeFi and showcase the advancements of the Injective ecosystem.
At Token2049, Injective co-hosted the Injective Function with Google Cloud, providing a platform for hundreds of blockchain enthusiasts to come together to explore the future of finance.
During the main Token2049 event, more than 7,000 attendees participated, making it one of the largest gatherings for the blockchain industry in Asia. Injective used this opportunity to highlight its role in bridging traditional finance with blockchain technology through real-world asset tokenization and other innovative products.
Developer Community: Exciting Bounties and Hackathons
Injective continued to engage its developer community by launching two new bounties on DoraHacks. One bounty focuses on building a tool to optimize yield strategies on Injective, while the other is for creating a meme coin trading platform with interval trading and user rewards.
These bounties incentivize developers to build dApps that leverage Injective’s infrastructure, offering rewards that encourage creative solutions. By providing bounty opportunities to developers, Injective is actively expanding its ecosystem of in-demand tools and dApps.
Injective also partnered with the Government of Dubai and Bybit to co-host a global hackathon, inviting developers to create the next big breakthrough in DeFi. This hackathon serves as a platform to solve real-world problems, giving developers a chance to collaborate, experiment, and contribute to the future of Web3 finance.
Coming Up: Injective Summit - Bringing the Community Together
Injective announced the inaugural Injective Summit 2024, which has created great anticipation across the Injective community. This event, scheduled during Devcon in mid-November, will bring together developers, industry leaders, and community members for an immersive experience focused on the latest advancements in Web3.
The Injective Summit will offer a platform for deep discussions on blockchain innovation, provide insights into upcoming projects on Injective, and foster collaboration within the community. Attendees will have the opportunity to learn from experts, network with peers, and contribute to shaping the future of Injective and the on-chain world at large.
New Integrations, New Markets
September was also a strong month for new integrations and markets being launched on Injective. These new developments underscore the need for tools that users demand, like on-ramps and new trading environments that can’t be found anywhere else.
Helix: New Election Market
In September, Helix, a major decentralized exchange on Injective, launched the world’s first 2024 Election Perpetual Futures Market. This market allows users to trade on the outcome of the U.S. Presidential Election, creating a unique opportunity to engage with global events through decentralized finance. With Helix’s election market, users can take long or short positions depending on their prediction of the election outcome, providing a new way to capitalize on political events.
Win A G-Wagon… Like a G
In addition to the election market, Helix kicked off its brand new ‘Like a G’ trading competition, which offers traders a chance to win a Mercedes G-Wagon. Traders on Helix have 2 chances to win a G-Wagon. First, by achieving the highest realized PnL in USD amount, as displayed on the leaderboard in the trading competition view. Second, by being the lucky draw winner of a random giveaway. Don’t delay, the competition ends October 22nd, 2024.
Rules, Terms and Conditions apply.
Full List of Injective Updates
Ecosystem Updates
Injective's native asset management protocol, Black Panther, has announced its V2 portfolio solutions, allowing users to access algorithmic trading strategies across multiple perpetual markets on Helix with a single click.
Neptune Finance, Injective's native lending protocol, has officially unveiled its complete roadmap.
Quants, an Injective meme project, has burned 172 million QUNT tokens, equivalent to 1 million USD.
Mercuryo has integrated with Injective, enabling users to purchase INJ tokens through the Injective bridge using a credit card.
Injective Updates
Injective processed over 88 million blocks.
Injective surpassed 992 million on-chain transactions.
Injective reached over 224,000 unique delegates.
Injective has over 61.4 million INJ staked.
A total of 41,282 INJ was burned through weekly burn auctions in September, and a total of 6.23 million INJ has been burned to date with over 168 burns.
The INJ staking APR on Injective is 10.38% with over 61.4 million INJ staked.
Injective SDK has over 128,093 monthly downloads.
The total trading volume on exchange dApps on Injective reached $1.3 billion in September, with its peak daily volume on September 5th reaching $75M volume. The most liquid markets are BTC and ETH perpetuals.
Community Updates
Four Pillars released a comprehensive guide on Injective.
Stakecito interviewed with Injective Labs co-founder and CEO Eric Chen, where they discussed major milestones achieved by Injective.
Conclusion
As September wraps up and the fresh smell of fall is here, Injective continues to push the boundaries with innovative new markets and integrations. From the launch of the BUIDL index to significant community engagement across the globe at web3 events, the foundation laid this month sets the stage for an exciting Q4 filled with even more developments.
Stay tuned for more updates as Injective continues to lead the way in transforming the world of finance from off-chain to on-chain.
About Injective
Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.
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