What a year it’s been! As the calendar year winds down—a time when many reflect and slow their pace—Injective has done the opposite, driving forward with relentless momentum. This December capped off an extraordinary year for the ecosystem, marked by groundbreaking achievements that showcased Injective’s drive to lead in innovation.
The past month alone brought remarkable advancements: the AI sector within Injective’s ecosystem expanded significantly, another Injective ETP made its debut, and the Helix Points Program launched to great excitement. Beyond these highlights, the broader Injective ecosystem saw an explosion of creativity and progress, from meme projects rallying together to the launch of the Neptune token and a new product powered by Hydro Protocol.
This December, Injective proved that even at the year’s end, there’s no slowing down for those building the future of decentralized finance and blockchain. Read on to discover all the milestones that made this month truly unforgettable.
Cross-Chain AI with Sonic
Sonic and Injective are pioneering the development of the first cross-chain AI agent platform, known as the Smart Agent Hub. This innovative platform will enable AI agents to seamlessly interoperate across both the Injective and Solana ecosystems. A key component of this development is the Solana Virtual Machine grid, which allows agents to be created on either ecosystem without requiring any additional steps to communicate or operate on the other.
AI agents have seen remarkable growth, particularly in 2024, fueled by the rise of protocols like pump.fun and Virtuals. The sector now boasts a market cap exceeding $10 billion, with significant potential for further expansion. For context, other sectors such as DeFi and stablecoins have reached market caps in the hundreds of billions, leaving plenty of room for AI agents to grow.
Introducing Valour - A Second INJ ETP
Valour Funds has made its Injective debut with the launch of an INJ exchange-traded product (ETP) on Sweden’s Spotlight Stock Market (SPT). This milestone represents a major advancement in bridging traditional finance and blockchain-based assets. The ETP is designed to track the daily return of INJ, providing both institutional and retail investors with seamless access to INJ through traditional brokerage platforms.
This launch marks the second INJ ETP introduced this year, following 21Shares’ groundbreaking debut of the AINJ ETP. Together, these developments highlight the growing demand for Injective’s ecosystem within the traditional financial markets.
Injective AI Intern: A New Era of Intern Roasting
Building on the success of iAgent, Injective welcomes a fresh addition: the Injective AI Intern. Developed by the creators at Stride, this playful yet innovative project has a clear mission: “Get new ninjas onto Injective.” The AI Intern has already launched its own token, $INTERN, on Echos.fun, with a bridge soon to follow, enabling liquidity to flow from the Solana and Base ecosystems into Injective. These lighthearted and creative initiatives inject a sense of fun and humor into on-chain communities.
The AI Intern also engages directly with the Injective community on X. Simply tag @inj_ai in any Injective-related post, and the Intern will respond.
Growing Demand for AI Agents
The AI Agent sector has experienced explosive growth this December, and Injective is leading the conversation with its article, “The Rise of AI Agents on Injective.” The piece delves into the evolving space, from AI-powered finance bots that enhance trading strategies to quirky, fully-autonomous social AI agents. The future for AI agents looks promising, and Injective is positioned at the forefront of this revolution.
The article highlights how Injective’s innovative infrastructure, such as iAgent, has empowered developers and creators to build the next generation of AI agents. With these tools, Injective is shaping a dynamic ecosystem that continues to push the boundaries of what AI agents can achieve.
Meme Monday
The Injective community gathered for the last Meme Monday of 2024. These gatherings have become a staple of the ecosystem, discussing everything from Fartcoin becoming more valuable than 38% of U.S. public companies to the Injective Intern team being introduced for the first time to the community. This gives a chance to Injective community members to learn more about recent developments in the space while also sharing their passion for Injective in humorous and creative ways.
Meet Eric: From College Drop-out to Blockchain Pioneer
This College Drop-Out Built One of the Most Active Layer 1 Blockchains. Meet @ericinjective, CEO and Co-Founder of @InjectiveLabs, a software company building the @injective.🧵 pic.twitter.com/uYW0u2wFbA
— Steve : : FP (@Steve_4P) December 11, 2024
Steve_4P on X wrote about Eric Chen’s, CEO & Co-Founder of Injective Labs, journey from drop-out to leading a 60+ person team at the cutting-edge of web3. In this spotlight Eric is introduced as a college drop-out who has built one of the most active L1 blockchains. This inspiring story highlights the innovative spirit and determination that drives the Injective ecosystem, encouraging aspiring developers and entrepreneurs within the community.
Helix Points Program
Helix is built by the community, for the community. The protocol’s official points program will begin today. Welcome to an all new Helix. pic.twitter.com/HYSwAX07Ox
— Helix 🧬 (@HelixApp_) December 11, 2024
Helix, Injective's flagship decentralized exchange, has introduced an exciting new points program aimed at rewarding active users and fostering deeper engagement within the platform. This initiative underscores Helix's commitment to delivering a top-tier trading experience while reinforcing its position as a leading DEX in the DeFi space.
What sets Helix apart is its remarkable journey—built entirely from the ground up without any investors or VC funding. This bootstrapped approach has propelled Helix to become one of the foremost perpetual DEXs in the crypto ecosystem.
Hydro Protocol's Loop Stake
♾ LOOP STAKE ♾ fully filled in 2hrs Loop Stake just launched, and the 10,000 $INJ cap is already filled! Don't miss out next time!!!!! *More $INJ will be added to the vault every week!Made possible w/ @neptune_finance partnership pic.twitter.com/O43B9T7md5
— Hydro Protocol (@hydro_fi) December 3, 2024
Hydro Protocol has unveiled Loop Stake, a groundbreaking staking mechanism that achieved full capacity of 10,000 INJ in just two hours. This swift adoption highlights the growing demand for innovative DeFi solutions within the Injective ecosystem.
Building on this momentum, Hydro plans to expand the size cap of the Loop Stake pool, enabling even more users to participate and benefit from amplified yields. This marks another step forward in driving innovation and accessibility within decentralized finance.
Neptune Token Launch
Source: https://defillama.com/protocol/neptune-finance?usdInflows=false&tvl=true
The launch of the Neptune token (NEPT) has been a tremendous success, propelling the protocol's Total Value Locked (TVL) to unprecedented levels. Alongside the token debut, Neptune introduced a revamped website and an enhanced user interface for their app, streamlining navigation and simplifying capital deployment across their suite of markets.
This milestone reflects the increasing confidence in Injective-based projects and the expanding liquidity within the ecosystem.
Full List of Injective Updates
Ecosystem Updates
Trufin is launching TruStake, an institutional-grade liquid staking solution and TruINJ, a liquid-staked token, on Injective.
Timeworx rolled out a Decentralized Application Development (DAD) course at the University Politehnica of Bucharest, introducing students to advanced decentralized systems and Web3 technologies.
Helix, the leading DEX on Injective, has integrated TradingView to boost the user experience.
Black Panther launched Black Grid, the only vault on Injective that allows users to provide liquidity across multiple perpetual markets and generate profits from grid trading.
DojoSwap launched the DojAI platform to allow projects to build AI agents with tweet automation and customization in under 5 minutes by using an intuitive and user-friendly platform.
ChangeNOW has supported fiat pairs to onramp INJ.
Hypernative’s real-time threat monitoring and automated response solution is live on injective which provides a level up for the Injective ecosystem.
Injective is now live on DappRadar, where you can easily explore Injective along with its ecosystem dApp here.
Injective Updates
Injective processed over 100 million blocks.
Injective surpassed 1.3 billion on-chain transactions.
Injective reached over 222,000 unique delegates.
Injective has over 57.1 million INJ staked.
A total of 43,933 INJ was burned through weekly burn auctions in October, and a total of 6.28 million INJ has been burned to date with over 173 burns.
The INJ staking APR on Injective is 11.57% with over 58.1 million INJ staked.
Injective SDK has over 96,870 monthly downloads.
The total trading volume on exchange dApps on Injective reached $1.4 billion in December, with its peak daily volume on December 19th reaching $129M volume. The most liquid markets across Injective DEXs are BTC and ETH perpetuals.
Injective is one of the top L1s by revenue.
Injective has one of the highest net liquidity inflows in all of crypto.
Community Updates
Read Injective’s newly published paper, Tokenization on Injective, and explore how the network is transforming tokenization, enabling institutions to digitize assets with compliance, scalability and utility.
Injective Labs CTO and co-founder Albert Chon, was interviewed by one of the largest crypto shows in Korea, where he laid out two main catalysts that will help grow the ecosystem.
Injective Labs Head of Business Development Mirza Uddin joined the twitter spaces hosted by Stork to discuss new markets, new products and composable oracle infrastructure.
Injective hosted the final Community Call of 2024, sharing the recap of developments that happened this year, from INJ 3.0 to Summit.
Injective hosted an end of the year treasure hunt campaign with 12 ecosystem dApps. Winners need to find the 12 secret words that are spread across Injective’s ecosystem dApps to be entered for a chance to win one of three prizes.
Conclusion
December has been a month of extraordinary progress for Injective, marked by advancements in AI integration, vibrant community growth, and significant ecosystem expansion. With the network processing millions of transactions and attracting a growing number of delegates, Injective is poised for an even brighter future.
From the rise of AI agents to successful token launches and groundbreaking staking programs, the ecosystem continues to redefine the possibilities within DeFi. As the new year approaches, the Injective community can look forward to even more transformative developments and opportunities to engage with this cutting-edge blockchain platform. Stay tuned and join the ninja community in shaping the future of decentralized finance.
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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