The significance of CW404 Standard on the Injective Blockchain

1. Some dApps on the Injective Blockchain such as DojoSwap and Helix,have established a robust DeFi infrastructure to enhance liquidity and minimize slippage for CW404 tokens. DojoSwap focuses on utilizing yield farms to increase CW404 liquidity, providing liquidity farms for emerging 404 projects. Meanwhile, Helix operates an advanced on-chain DEX with highly concentrated liquidity, surpassing Uniswap V3 CLP, leading to reduced trading slippages and costs for users.

2. With transaction cost of less than $0.01,Injective boasts the lowest transaction gas fees in the Industry thanks to its recently introduced gas compression technology. Picture a $60 average ERC404 transaction fee compared to a mere $0.05 CW404 transaction fee, resulting in a remarkable 1000x savings. Users can freely engage in speculative activities with their preferred CW404 tokens without concerns about gas costs impacting their profits.

3. Injective is poised to initiate a comprehensive DeFi season with numerous dAppss actively building on the Blockchain. Including CW404 in the toolkit enhances the capabilities for developers building robustly on the platform.

4. Injective has one of the most friendly environment for builders. Being at the forefront of new technology poised to transform the usage of NFTs and tokens, Injective is positioned to embrace emerging trends swiftly. This enables DAPPs on Injective to leverage every initiative, creating a robust cycle that attracts both new users and developers to the blockchain.