INJECTIVE WEEKLY UPDATE

Here's a recap of week 3 on Injective:

1. Gas Compression

On January 19th, #injective. introduced gas compression, a major technical breakthrough that significantly reduces transaction costs on the Injective platform. This innovation makes Injective one of the most cost-effective platforms in the cryptocurrency industry.

2. 350 Active Addresses

Injective now boasts 350,000 active addresses, indicating a growing user base and increasing engagement with the platform.

3. Injective x Hydro Community Call

On January 18th, Hydro finance held a community call with the Injective team. The discussion covered topics such as LSDFi, RYA, farming, mainnet launch, TGE, and listings. If you missed it, you can listen to the call (craig.horse/rec/Y97pgwZqGf…).

3. Rank 1 in .inj Domain Registrations

Injective achieved the top rank in domain registrations with over 509 domains registered under the .inj extension.

4. $INJ Burned

Last week, a total of 3,434.11 $INJ tokens were burned, equivalent to approximately $130,000. This brings the total amount of $INJburned to 5,813,390 tokens, worth around $227 million.

5. Ninji Wallet Launch

Ninji #Wallet has officially launched on the Google Play Store, allowing Android users to access the wallet's features. Visit the [Google Play Store](play.google.com/store/search?q to install the Ninji Wallet.

6. Injective Integration With Omni Network

Injective has been integrated into the Omni Network as the first asset ever to join the Open Liquidity Network. This integration enables seamless utilization of $INJ across all Layer 2 rollups.

7. Injective x Google Cloud Illuminate Hackathon Winner

NinjaKits won the Community Award at the Injective x Google Cloud Illuminate Hackathon! NinjaKits is developing an all-in-one #DEFIxNFT management tool on the Injective platform.

That's a wrap of what went down on Injective

Thanks for reading!

For more updates, follow Injective on Twitter @ https://x.com/Injective_?t=50sbCw-GAsPFxMBcb5DrXQ&s=09