Today, Injective unveils another enhancement to its groundbreaking burn auction. Following the success of INJ 2.0, which empowered any dApp or protocol to contribute transaction fees to the weekly burn auction, this update makes a further amendment and allows anyone–from dApps to protocols and now individual community members–to contribute funds to the weekly burn auction. 

This latest iteration marks a significant stride towards inclusivity, opening the doors for a broader range of contributors, including protocols, dApps, and users, to participate in the burn auction.

The Evolution of the Injective Weekly Burn Auctions

Injective's Weekly Burn Auction made its debut in December 2021 as a novel addition to the ecosystem. Initially, all exchange dApps on Injective contributed 60% of their transaction fees to a weekly auction, where participants could bid for the entire week's collected fees. The winning bid in INJ for the auction basket was then subsequently burned.

This mechanism effectively captured the total value of activity on DEXs deployed on Injective while benefiting all stakeholders involved.

INJ 2.0

However, as Injective evolved into a blockchain built for finance, it became imperative to adapt this mechanism to accommodate the growing diversity of dApps. In August 2023, the Burn Auction underwent its first upgrade, allowing any dApp, regardless of nature, to contribute. This expansion welcomed a multitude of applications, including lending platforms, NFT marketplaces and prediction applications, to participate in the burn. 

Moreover, protocols gained the ability to allocate any desired amount–not just 60%–to the auction, with the option to dedicate even up to 100% of their collected fees to the auction basket. 

This allowed greater flexibility for developers, enabling those experiencing higher growth volumes within their protocols to not only celebrate their success individually, but also highlight it for the entire ecosystem. This exemplifies Injective’s mission in fostering a truly decentralized ecosystem. 

The Next Stage of INJ Burn Auctions

Today’s update marks the next stage of the INJ Burn, allowing any community member to contribute any asset of their choice into the auction basket. This iteration transcends barriers, inviting contributions from every corner of the community and enriching the ecosystem’s diversity. 

"The essence of decentralization lies in empowering every individual to play an active role in shaping the ecosystem," said Eric Chen, co-founder and CEO of Injective Labs. "By democratizing access to the burn auction, Injective is not only amplifying community participation but also reinforcing the collective commitment towards decentralization."

This deflationary mechanism not only reduces the token supply but also instills a sustainable model for value creation within the ecosystem.

The continuous growth and iteration of the burn auction underscore Injective's commitment to inclusivity and value creation for its community. By expanding participation rights and fostering a culture of collaboration, Injective paves the way for a more vigorous and resilient decentralized ecosystem.

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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Today, XION announces its integration with Injective, marking a major milestone in bringing chain abstraction into the Injective ecosystem.

As a blockchain purpose-built for mainstream adoption, XION’s Chain Abstraction enhances blockchain usability by seamlessly connecting users, apps, and liquidity across ecosystems, allowing XION to serve as an extension to all major blockchain networks.

This integration sets the stage for new users to onboard onto Injective and utilize the strength of the Injective network, without any friction points of entry, helping to push Injective further towards mass adoption. 

What is XION?  

XION is the first layer one blockchain purpose-built for consumer adoption through crypto abstraction. Utilizing protocol-level implementations related to abstracted accounts, signatures, fees, interoperability, and more, XION enables secure, intuitive, and seamless user experiences. 

XION aims to make Web3 easier to navigate for all users by abstracting away its inherent complexities. Through familiar Web2 methods like email, users can onboard onto XION, creating an account that seamlessly interacts with any application across any device, including desktop and mobile. Users can also enjoy a frictionless experience without the concerns associated with blockchain technology, such as gas fees, providing an accessible interface reminiscent of traditional Web2 platforms.

Mass Adoption for the Injective Ecosystem

The integration will enable the seamless flow of users and assets throughout both ecosystems, enhancing liquidity and in turn creating a variety of novel cross-ecosystem use-cases.

The first dApp to be available on XION through this integration is Talis, the premier NFT marketplace built on Injective. Any user (within Cosmos, Ethereum, Solana or beyond), will be able to create an account on XION and begin using Talis instantly, without needing to grapple with complexities such as cross-chain bridging, browser plugins, seed phrases, gas fees, and transaction signing.  

“Just like the internet, users shouldn’t need to know which infrastructure applications they are using are built on. All that matters is that it works,” said Burnt Banksy, a core contributor to XION. He added, “We’re proud to launch Chain Abstraction as it vastly accelerates XION’s impact in making Web3 accessible to all users.”

A New Future of Chain Abstraction

As XION's expansion unfolds, an increasing array of Injective ecosystem dApps will become accessible to users through XION’s Chain Abstraction. This breakthrough enables non-crypto-native users to seamlessly onboard powerful on-chain applications and leverage trailblazing technology, without grappling with the complexities inherent in Web3 finance.

This integration not only propels Injective closer to mass adoption but also streamlines onboarding for non-crypto natives, advancing the mission to democratize finance through decentralization.

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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Today, Injective unveiled the largest tokenomics upgrade to date with the launch of INJ 3.0

With this update, INJ 3.0 dramatically reduces the supply for Injective’s native token, ultimately enabling INJ to become one of the most deflationary assets within the blockchain industry, injecting long-term value to grow the ecosystem. 

Background

INJ, the native asset of Injective, serves as the cornerstone of the ecosystem, boasting a myriad of utilities that span governance, protocol fees, security mechanisms, and beyond. Its versatility and indispensability within the Injective network make it a vital asset in driving the network's growth and functionality. 

However, the utility of INJ has always been highly unique, with features that cannot be found in any other asset. For example, Injective’s Burn Auction has been widely lauded as a distinctive characteristic of INJ’s tokenomics, as it collects, auctions and burns accumulated network fees on a weekly basis. 

In the most recent update to INJ (INJ 2.0), this mechanism expanded to include all dApp network fees, capturing the protocol value that came from the growth of the ecosystem. In turn, the burn auction experienced a surge in activity, witnessing a substantial increase in the amount of INJ burned weekly. 

As Injective continues to onboard new users and dApps at a rapid pace, the need for further enhancements becomes evident in order to accommodate the growing ecosystem. It is the only way to encompass and embrace the latest developments along its growth journey.

The INJ 3.0 Update

Enter INJ 3.0, the next evolutionary step in the journey of Injective, poised to address the evolving needs of its expanding user base and ecosystem. 

The Injective community voted overwhelmingly in favor of IIP-392 to launch INJ 3.0 moving forward. Timed with the Bitcoin halving, the INJ 3.0 governance proposal aimed to decrease the supply of INJ over the next two years, with accelerated rates of deflation based on the ratio of staked INJ on-chain.

“This is the next stage in Injective’s evolution; we’ve seen billions of dollars flow in since inception. To guarantee the ecosystem serves long-term as a peer to institutional players, INJ must function as ultrasound money—rewarding early adopters and attracting new participants,” said Jenna Peterson, CEO of the Injective Foundation. “With these vital updates approved through governance by the broader Injective community, INJ 3.0 aims for INJ to surpass even the sound monetary properties of Bitcoin.”

Injective has increased the rate of deflation by a factor of 400%. The specific token supply rate change parameter ensures that Injective remains adaptive and resilient. Injective will adjust its monetary policy in real-time, reacting swiftly to fluctuations in staking activity. As a result, as more INJ is staked, the deflationary properties will increase faster. This level of flexibility maintains equilibrium and security within the ecosystem. 

INJ Deflationary Rate

The supply decrease schedule of INJ 3.0 will follow an accelerated, yet tightly controlled reduction rate timeline to protect INJ against inflation. The bounds and timeline for the token supply rate change is as follows: 

Lower Bound: Currently set at 5%, but will decrease 25% over a period of two years on a uniform quarterly basis.

Upper Bound: Currently set at 10%, but will decrease 30% over the same two-year period.

Schedule by quarter end, 2024-2026+: 

With INJ 3.0, Injective aims to continue its trajectory of growth and innovation, ensuring that its native asset remains at the forefront of Web3 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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By Binance Research (Brian Chen)

Cosmos is a network of sovereign blockchains, each powered by Cosmos’s technological stack, known as the Interchain Stack. This framework offers a parallel scaling solution for projects requiring high levels of customization while aiming to be part of an interoperable ecosystem.

The Interchain Stack consists of CometBFT, Cosmos SDK, and Inter-Blockchain Communication (“IBC”) Protocol, with each component addressing different layers of a blockchain, including consensus, networking, and application.

In the Cosmos ecosystem, a blockchain enabling the Inter-Blockchain Communication Protocol, a messaging protocol for blockchain interaction, is identified as a “Zone.” Prominent Zones with many IBC connections become known as "Hubs," such as the Cosmos Hub and Osmosis.

In this report, we cover several key projects within the Cosmos ecosystem, including the Cosmos Hub, Osmosis, Injective, Sei Network, Stride, Axelar, Celestia, and Dymension.

Cosmos' growth speaks to its vision of an internet of blockchains. Its success derives from versatile technology and the dedicated team behind it, resulting in a thriving ecosystem. Its steady advancements over the years underline Cosmos' status as a fundamental industry player.

DOWNLOAD THE FULL REPORT HERE

This article originally appeared on Binance Research.

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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Today, Injective announces its collaboration with Jambo, the largest web3 mobile infrastructure bringing emerging markets on-chain, to offer blockchain-powered financial solutions in emerging markets through the JamboPhone. 

This collaboration is grounded in a shared vision to make blockchain technology a truly global phenomenon, providing web3-based experiences to emerging economies in Africa, Southeast Asia, and Latin America. 

Starting now, a number of Injective native dApps such as Ninji Wallet will be available on Jambo phones, enabling millions of new users to access the Injective ecosystem easier than ever before.

What Is Jambo? 

Jambo is a leading innovator dedicated to connecting emerging markets with the digital world through user-friendly, affordable technology. Their core offering is the JamboPhone, which is a Web3 Android 13 smartphone with a competitive price point to introduce millions of potential users to Injective’s advanced DeFi ecosystem. 

Already sold in over 100 countries, users are able to engage with the global economy by utilizing the preloaded Jambo Ecosystem applications featuring DeFi, gaming, and web3 infrastructure applications. 

Bringing Injective to Emerging Markets

With this collaboration, the JamboPhone will feature Ninji, the leading wallet on Injective, on their dApp store, allowing any JamboPhone user to quickly onboard into the Injective ecosystem. 

"Injective’s collaboration with Jambo demonstrates Injective’s commitment to bringing equitable access for financial services globally, employing the borderless reach of Web3 and blockchain,” said Mirza Uddin, Head of Business at Injective Labs. “Combining Injective’s robust infrastructure stack with Jambo’s mature Web3 mobile technology will enable us to efficiently scale DeFi to the point where it can tangibly help billions of people overcome socioeconomic hurdles. Injective’s mission envisions a world where tasks like making loans, transferring money internationally, and managing stock portfolios beyond the confines of a bank or investment firm is an option for anyone.”

Emerging markets face their own unique set of economic challenges that Injective can address with its unmatched blockchain network. Injective enables developers to rapidly launch innovative financial applications with its innovative plug-and-play Web3 modules, which dramatically reduces time to market. Anyone can easily create a host of apps ranging from DEXs and lending platforms to payment apps. With Jambo’s game changing smartphone and Injective’s diverse features, participation in the digital economy becomes more accessible, democratized, and financially equitable.

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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Interested in launching your first token on Injective? This guide will walk you through all the major steps to get started, even if you are unfamiliar with coding!

How To Get Started 

To deploy a token on Injective, you will need to:

Launch a token on Injective via TokenStation, DojoSwap or CLI

Manage your token 

Get tracked on Injective Explorer

Launch a Token on Injective via TokenStation 

First, go to TokenStation and connect your wallet. TokenStation is the first native token launcher that allows anyone to launch a native token in seconds on Injective with the lowest fees. 

Click “Create Token” on the left panel of the page. Fill in the symbol, name, description and logo of your token. 

Once confirmed, click the “Create Token” button to sign and create the token from your own wallet. It costs you only 0.1 INJ to create the token. 

A “Token Details” page will appear next, where you will need to enter the initial supply of your token and mint it. 

It’s that simple. You just launched your first token on Injective!

Within this “Manage Token” section you will be able to slash the supply by burning tokens, transfer tokens to another address, edit Metadata and change ownership. 

Launch a Token on Injective via DojoSwap 

Alternatively, you can launch a CW20 token via the Token Factory feature on DojoSwap. To read more about CW20 reflection standard, please visit here. 

Go to Token Factory and enter all the information. Click the “Create CW20 Token” button once confirm. 

To create liquidity pairs and make your token tradeable on DojoSwap, please visit the Market Creation doc written by the DojoSwap team to continue with further steps. 

To manage your token such as editing token details, please visit here. 

Launch a Token on Injective via CLI

To launch a token via CLI, as well as a summary of the other methods, please visit the Injective developer docs here.

Get Tracked on Injective Explorer

Once created, apply to get tracked on the Injective Explorer page.

To do this, add your information to the token-metadata package by following the instructions here.

Disclaimer:  This document is not financial or investment advice and is not an endorsement of any particular product or service.  Launching a token on Injective is entirely at your own risk.  Any use of https://helixapp.com/ (“Helix”) is subject to Helix’s Terms and Conditions at https://helixapp.com/terms. Any use of https://mito.fi/ (“Mito”) is subject to Mito’s Terms of Use at https://mito.fi/terms-of-use/. 

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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As March marches on, Injective further cements its position at the forefront of the decentralized finance industry, embodying continuous progress and groundbreaking innovation. This month has been filled with significant developments and updates, including the launch of inEVM on Injective’s mainnet and pivotal upgrades like the enhancement of the Injective Bridge, each marking yet another milestone in the ongoing saga of extraordinary accomplishments within the Injective ecosystem.

A pivotal moment in March was the launch of Injective's inEVM on mainnet, a groundbreaking milestone in virtual machine development with the first rollup to hyperscale concurrent VM innovation. This transformative update redefines the dApp development and execution landscape, offering unmatched scalability, speed, and efficiency. By enabling the simultaneous processing of transactions, inEVM not only significantly boosts the Injective ecosystem's performance but also further unites Injective and Ethereum. This enhancement expands Injective's technological horizons and enriches user experience, providing a more dynamic, responsive, and integrated environment for both developers and users.

Another highlight during the month of March was the unveiling of the Ionic Upgrade to the Injective Bridge, marking a significant leap in blockchain interoperability and efficiency. This next-generation update revolutionizes the way assets are transferred across different ecosystems, streamlining the process with enhanced security and speed. This advancement not only broadens the scope of Injective's capabilities but also significantly improves the user experience, making cross-chain transactions more seamless and reliable than ever before.

The Injective ecosystem also expanded during this month with a number of dApps launching on mainnet and a recorded number of over 540 million on-chain transactions, showcasing Injective’s scalability and growing presence in the Web3 scene.

Highlighted Ecosystem News

inEVM Mainnet Launch

1/ Injective #inEVM is live on mainnet, the first ever rollup designed to supercharge concurrent VM development.inEVM enables Ethereum developers to build dApps that leverage blazing fast speeds & near zero fees while achieving composability across WASM and EVMRead on 👇 pic.twitter.com/OXtPQTVnvx

— Injective 🥷 (@injective) March 7, 2024

The inEVM's mainnet launch on Injective is a groundbreaking event in DeFi, introducing the first rollup to hyperscale concurrent virtual machine (VM) development. This leap forward propels decentralized computing into a new era, significantly enhancing the efficiency, scalability, and interoperability of dApp development and deployment. 

This deployment is particularly revolutionary for its ability to bridge the functionalities of Injective and Ethereum, creating a unified platform where developers can leverage the best of both ecosystems. The introduction of inEVM on the mainnet is notable for its sophisticated architecture, which promises to refine development processes, offer a wide array of application possibilities, and simplify interactions with blockchain technologies. These advancements aim to make the decentralized web more accessible and versatile, catering to a broad spectrum of user needs and preferences.

With the rollout of inEVM, Injective is not just enhancing its own ecosystem but also contributing to a more cohesive and efficient blockchain infrastructure. This development marks a significant stride towards realizing a fully interoperable and high-performing decentralized finance landscape, underlying Injective's commitment to innovation and its pivotal role in the evolution of blockchain technology.

Injective Bridge Ionic Upgrade 

1/ Today, Injective is unveiling the Ionic upgrade to the Injective Bridge 🌁Advanced interoperability meets superior UX with near 0 fees.Now users can take advantage of a one click bridging experience across chains like Solana, Cosmos and Ethereum.Keep reading 🧵

— Injective 🥷 (@injective) March 26, 2024

The launch of the Ionic upgrade to the Injective Bridge marks a transformative moment in interoperability and functionality. This next-generation enhancement elevates the Injective ecosystem, setting a new standard for asset transfers between diverse blockchain networks. By optimizing the bridge's architecture for greater efficiency, security, and speed, the Ionic upgrade facilitates a smoother, more reliable cross-chain interaction, significantly improving the user experience for both seasoned blockchain enthusiasts and newcomers alike.

With the Ionic upgrade, the Injective Bridge is poised to become a cornerstone of cross-chain transactions, underpinning a more connected and seamless blockchain environment. This milestone reflects Injective's ongoing dedication to innovation and its pivotal role in shaping the future of decentralized finance, further solidifying its position as a leader in the blockchain space.

Ethena Shards Expands Beyond Ethereum and Launches Exclusively on Injective

1/ @ethena_labs is integrating with Injective today, marking its first expansion outside of the Ethereum ecosystem.Both the Injective and the broader IBC community now have access to USDe, enabling users to earn Ethena Shards beginning on March 11th.Details below 👇

— Injective 🥷 (@injective) March 6, 2024

The launch of Ethena Shards outside of Ethereum, exclusively on Injective, marks a significant expansion in the scope of cross-chain assets, fostering a more inclusive and diverse blockchain ecosystem. This strategic move introduces a novel asset class to the Injective platform, and sets a new precedent for asset interoperability and innovation within the DeFi space.

This collaboration paves the way for Injective and the wider IBC community to access USDe and participate in Ethena’s widely popular Shard Campaign. 

Users can earn 15x shards by joining the USDe/USDT vault on Mito, while also enjoying a 28.91% APY yield* as a vault LP holder. 

*At the time of publishing.

SA World Launches on Injective

1/ This past week, one of the largest gaming infrastructure platforms, @SAWorld_io, announced a major move to release on Injective. What is SA World, and what does this mean for Injective?

— Injective 🥷 (@injective) March 30, 2024

SA World announced a strategic migration from Polygon and BNB Chain to launch exclusive on Injective, signifying a pivotal shift towards supercharging the GameFi sector on Injective. By choosing Injective as its new home, SA World aims to leverage the platform's superior speed, efficiency, and interoperability features, promising a seamless and enriched gaming experience for its users.

This migration is indicative of the growing trend of gaming platforms recognizing the value of robust blockchain networks like Injective to unlock new possibilities in gameplay, economics, and community engagement. It underlines Injective's growing influence and capability in supporting high-demand sectors like GameFi, setting new standards for what is achievable in terms of game development and player interaction in a decentralized setting. Moreover, SA World's move to Injective is expected to pave the way for further innovations and collaborations in the GameFi space, contributing to the evolution of gaming on the blockchain and reinforcing Injective's position at the forefront of this exciting intersection between gaming and DeFi.

Full List of Injective Updates

Ecosystem Updates

Wormhole is airdropping Injective users that used Wormhole to bridge into Injective.

LayerZero launched on inEVM.

ApeBond, a project building a sustainable DeFi future launched on inEVM. 

Thetanuts Finance is the first options protocol to deploy on inEVM .

Gryphon, the decentralized liquid staking protocol on Injective, announced that nUSD is coming soon.

Mito, an automated trading vault and launchpad launched a USDe vault.

DeFi Llama now tracks Injective’s inEVM.

MathWallet is supporting inEVM.

Injective collaborates with AltLayer to create the first ever restaked security framework for on-chain inEVM applications.

Relative Finance launched its peer-to-peer relative value wagers on inEVM.

TokenStation the first native Injective token launcher, is live.

Helix, a decentralized exchange on Injective announced a $PYTH genesis airdrop for the most dedicated community members.

Chain Updates:

Injective launched inEVM on mainnet.

OKX Web3 Wallet integrated Injective.

Ethena Labs integrated Injective marking its first expansion outside of the Ethereum ecosystem.

Galxe integrated Injective to push community engagement and growth across their platform.

Bonfida now allows users to use their .sol domain on Injective to send and receive funds with Leap wallet app and extension.

Partnership with Noble to bring native USDC to Injective.

Artemis integrated Injective to provide institutional-grade analytics for ecosystem users and dApps.

Clusters, the fastest growing cross-chain name service integrated Injective.

Injective Stats:

Injective surpassed over 500M on-chain transactions.

Injective produced over 65 million blocks on mainnet.

Injective reached 450,000 active wallets.

Injective reached over 210,000 unique delegates.

Injective has over 50,600,000 $INJ staked.

A total of 25,458 INJ was burned through weekly burn auctions in March, and a total of 5.88 million INJ has been burned to date with over 142 burns.

The total gas fees paid by users on Injective to date is zero.

Injective hit over 522 followers on Twitter and 532 members on Discord.

The INJ staking APR on Injective is 15.57% with over 50.6 million INJ staked.

The total trading volume on exchange dApps on Injective reached $2.9B in March, with its peak daily volume on March 5th reaching $188.9M volume. The most liquid markets are BTC and ETH perpetuals.

The markets on Injective exchange dApps performed well this month, with Bitcoin (BTC) increasing from 62,100 to 70,472, marking a 13.5% surge. Dogwifhat (WIF) showed significant growth, rising from 1.19 to 4.49, indicating a substantial 277.3% increase.

Community Updates:

Injective sponsored ETH Denver and had a claw machine at the booth.

Injective hosted a side event with Copper in London during DAS.

Eric Chen, CEO of Injective Labs will present during Solana Crossroads.

Injective hosted Ethena for a Twitter Space discussion.

inEVM AMA with Hyperlane and Caldera. 

Injective hosted a side event during Korea’s BUIDL week.

Injective launched ambassador badges on Galxe.

Eric Chen spoke to Forbes about the groundbreaking infrastructure enabling a new era of RWA tokenization.

Injective hosted Noble for a Twitter Space conversation on native USDC on Injective.

The first Injective quadratic funding round went live on DoraHacks with a total matching pool of 1,500 INJ.

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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SA World today announces a major move to release its gaming infrastructure platform on Injective. This directly migrates one of the largest gaming projects in crypto from Polygon and BNB Chain to exclusively launch within the Injective ecosystem.

This integration redefines the landscape of GameFi on Injective by offering a platform in which games and innovative features are able to thrive by utilizing Injective’s cutting-edge technology. 

What Is SA World?

Backed by heavyweights such as Pantera and Coinbase, SA World is one of the largest gaming networks on Polygon and BNB chain. It is a one-stop Web3 gaming destination offering an extensive selection of rewarding games alongside a comprehensive suite of streamlined and efficient game management tools. 

SA World began with its first game Summoners Arena which became one of the most popular gaming networks, reaching more than 500,000 players. Back in 2022, Summoners Arena Idle RPG game was designed on the Binance Smart Chain network. Summoners Arena provided players with a massive character system with their own skills and stories, a simple, accessible gameplay for all ages. Now SA World will take the next step in its evolution with Injective.

Unlocking the Power of NFTs

SA World is set to introduce its NFTs into the Injective ecosystem, which accumulated nearly $1M in trading volume within just 2 weeks of launch on its previous networks. Players are empowered to retain control and accessibility over their NFT assets through exclusive NFT VIP passes, which grant exclusive access to SA World's benefits on OpenSea, Magic Eden, and Dew marketplaces. 

Injective’s SA World integration also introduces a breakthrough infrastructure of NFT concepts, opening avenues for other gamping protocols to seamlessly launch on its platform. For game developers, NFT concepts are a ready-to-use asset suite that meet the industry’s increasing scalability and integration demands while eliminating the hassle of managing plus coordinating in-game economies. 

SA World is able to tap into Injective’s ecosystem to not only allow for its NFT concepts to flourish, but to also leverage Injective to further bolster their growth and adoption. 

Empowering GameFi with Injective's Unmatched Infrastructure

Injective's cutting-edge L1 blockchain network provides the ideal foundation for SA World's migration. With its unparalleled transaction efficiency and subsecond block times, Injective ensures a seamless and cost-effective gaming experience for users. 

The integration brings forth the large community that utilizes SA World’s flagship products, along with the widely adopted in-game currency, ASG, utilized by over 500,000 users. Furthermore, it signifies SA World's plans to introduce its native asset, SAE, on Injective through Mito's Launchpad.

By leveraging Injective's advanced technology, SA World can fully realize its potential, fostering interoperability and maximizing asset value within the Web gaming industry. 

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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Injective today is releasing the ionic upgrade to the Injective Bridge, unveiling the most advanced interoperability solution in crypto alongside a superior user experience with near zero fees.

The all new Injective Bridge will unify one click bridging across major chains including Ethereum, Solana and Cosmos. In addition, it brings a revamped UX with easy deposit functions, comprehensive transaction histories and state of the art transfer tracking mechanisms.

Background

Injective today is one of the most interoperable L1 blockchains in existence. This was achieved via strategically integrating some of the most widely utilized networks across the expansive crypto industry.

The vision for Injective's interoperability lies in its roots of creating one core hub for all of finance to thrive. To do so, it was essential to ensure that any asset stemming from distinct chains can find a home and easily onboard onto Injective.

Injective developers began by creating the Peggy bridge which tied together Ethereum with Injective itself. This would enable any ERC20 asset to be bridged onto Injective. The synergy with Ethereum itself was further heightened with the creation of an advanced signature scheme that would allow Ethereum users to sign any transaction on Injective with any EVM compatible wallet such as MetaMask.

As the ecosystem continued to grow, so did Injective's efforts towards creating routes to new chains. Injective was one of the first chains to natively adopt IBC compatibility, effectively allowing developers to seamlessly transfer data and assets. This allows any asset to seamlessly flow into Injective from any other IBC-enabled blockchain.

Last year, Injective began to make even larger strides towards interoperability when it integrated Wormhole, making it one of the first chains to do so. This also allowed Injective to interact directly with prominent blockchains such as Solana.

The Injective Bridge: Ionic Upgrade

The Ionic upgrade brings Injective to an entirely new level. Now for the first time, users and developers alike will be able to leverage one click bridging from any major chain onto Injective.

With the Ionic Upgrade, Injective users will be able to bridge any asset from the larger IBC ecosystem, bridge the latest assets via Wormhole 2.0 (without ever leaving Injective), and also continuously bridge any ERC20 token via Injective’s native Ethereum bridge (Peggy bridge). Under the hood, this is an extensive lift by developers in the Injective ecosystem who worked to tightly integrate all of the distinct interoperability frameworks into one standalone product. As a result, the complexities around bridging across individual chains are all abstracted away into one unified product built on Injective.

One Click Bridging

One Click Deposits on the Injective Bridge

The Ionic upgrade provides everyone with an intuitive user experience that makes onboarding onto Injective easier than ever before! With only a click, you can deposit from major networks such as Ethereum, Polygon and more. Major assets such as USDT, wETH and more can also be bridged onto Injective where the user can also designate the recipient address. This provides far more flexibility than before, where anyone can choose to bridge assets onto a different wallet or network.

Seamless Chain Access

The Injective Bridge Portal

Now developers and users alike can transfer from a host of chains including EVM chains such as Ethereum, non-EVM chains such as Solana and IBC-enabled chains such as Celestia. The same deposit framework outlined above is retained, meaning that regardless of which chain or asset is selected, the entire process can be completed with just a click.

Furthermore, the balances for any asset across any chain can be viewed on the same page, allowing users to have a complete view of their holdings.

Expanded Transaction Monitoring

The Bridge Process on Injective

Every single step of the bridging process can be monitored by users at all times. The flow begins of course with the user initiating the bridge process with one click at the start. From there, the entire bridging experience is abstracted away.

If users choose to do so, they can view the transaction on the explorer for the initial chain such as Etherscan for Ethereum. In addition, once the asset appears on Injective, the Injective Explorer can be used to view the asset as well.

Users do not need to be on the bridge page after they make the initial deposit, so even if the site is closed, the bridging process will occur just the same. The new monitoring system provides everyone with further peace of mind as now assets can always be tracked through a simple UI and more detailed explorers as well.

Comprehensive Bridging History

Injective Bridge History

The Ionic upgrade for the Injective Bridge also provides for the first time a detailed history of any transfer made.

The initial overview provides the exact timestamps as well so a user can always view the page at a later date. Expanding the "Completed" dropdown will also highlight the exact bridge amount, the transaction hash with an explorer link and the wallets involved in the bridging process.

Enhanced Ethereum Compatibility

Injective's compatibility with Ethereum is further highlighted by lightning fast transfer times for both deposits and withdrawals. Unlike other blockchains today where withdrawals can take up to a week, withdrawals on Injective take only minutes!

As a result, Injective today becomes the fastest chain for interacting with Ethereum and EVM native assets.

Near Zero Fees

Injective release of Gas Compression is also now integrated into the new bridging process, meaning that transactions incur the lowest fees in all of crypto! In the end, this means users are able to retain more of their funds on Injective compared to any other L1 network today.

Wormhole Gateway Integration

The Wormhole experience is also now directly embedded into the Injective Bridge for the first time. As a result, users no longer need to navigate multiple bridge providers or Portal Bridge to make their Wormhole native transfers to Injective.

Assets from chains such as Solana, Polygon, Arbitrum and more can now rapidly be deposited onto Injective. Wallets such as Phantom, Keplr and MetaMask can be utilized for the bridging experience, meaning that users can continue to use familiar wallets to onboard onto Injective.

Wormhole Migration

With the introduction of Wormhole Gateway, a paradigm shift occurred. Tokens bridged in through this upgraded mechanism are automatically designated as bank tokens, the canonical version of the asset on Injective.

Previously, tokens bridged into Injective via Wormhole were designated as CW20 tokens. While these tokens served their purpose, they lacked the seamless interoperability required for optimal performance within the Injective environment. CW20 tokens, although functional, needed to undergo a conversion process into Bank denom tokens to unlock their full potential within the ecosystem. This conversion facilitated compatibility with essential components like the on-chain Injective orderbook module and dApps across the ecosystem.

With the Ionic upgrade directly integrating Wormhole Gateway, users no longer need to manually convert bridged assets into Bank assets. This process now occurs automatically with the new upgrade, significantly enhancing the seamlessness and efficiency of bridging for end-users. As a result, when users bridge a new asset or wish to quickly create markets for tokens, they can do so without any hassle or in-depth technical knowledge about distinct token denominations.

Wormhole Legacy Assets

Starting now, Injective users are encouraged to transition their existing "legacy" tokens to the new Wormhole Gateway standard through the revamped Injective Bridge.

For users with tokens previously bridged into Injective via Wormhole, a "LEGACY" suffix will be assigned. Migrating legacy tokens to the one unified token standard can also be achieved in one click using the Injective Bridge! The Injective bridge provides a user-friendly interface for this migration process, ensuring a smooth transition without compromising on security or efficiency. 

Migrating to one standard will ensure far more composability for assets and new use cases as a whole as dApps across the Injective ecosystem begin to follow one standard.

A New Era of Interoperability

The introduction of the Ionic upgrade to the Injective Bridge represents a major milestone in the evolution of Web3 infrastructure as a whole.

For the first time, anyone can effortlessly deposit assets onto Injective from a host of different networks in one unified product, opening up a world of possibilities for Web3 finance enthusiasts and developers alike. One click deposits, enhanced transaction monitoring, and major optimizations across the infrastructure stack alongside the lowest fees in all of crypto, enable Injective to truly provide the best bridging experience to date. In turn, this allows for far higher levels of composability than what was previously thought to be possible.

By embracing enhanced token standards and prioritizing interoperability, Injective continues to empower users with unparalleled flexibility and efficiency in their digital asset transactions.

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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Injective today is releasing the ionic upgrade to the Injective Bridge, unveiling the most advanced interoperability solution in crypto alongside a superior user experience with near zero fees.

The all new Injective Bridge will unify one click bridging across major chains including Ethereum, Solana and Cosmos. In addition, it brings a revamped UX with easy deposit functions, comprehensive transaction histories and state of the art transfer tracking mechanisms.

Background

Injective today is one of the most interoperable L1 blockchains in existence. This was achieved via strategically integrating some of the most widely utilized networks across the expansive crypto industry.

The vision for Injective's interoperability lies in its roots of creating one core hub for all of finance to thrive. To do so, it was essential to ensure that any asset stemming from distinct chains can find a home and easily onboard onto Injective.

Injective developers began by creating the Peggy bridge which tied together Ethereum with Injective itself. This would enable any ERC20 asset to be bridged onto Injective. The synergy with Ethereum itself was further heightened with the creation of an advanced signature scheme that would allow Ethereum users to sign any transaction on Injective with any EVM compatible wallet such as MetaMask.

As the ecosystem continued to grow, so did Injective's efforts towards creating routes to new chains. Injective was one of the first chains to natively adopt IBC compatibility, effectively allowing developers to seamlessly transfer data and assets. This allows any asset to seamlessly flow into Injective from any other IBC-enabled blockchain.

Last year, Injective began to make even larger strides towards interoperability when it integrated Wormhole, making it one of the first chains to do so. This also allowed Injective to interact directly with prominent blockchains such as Solana.

The Injective Bridge: Ionic Upgrade

The Ionic upgrade brings Injective to an entirely new level. Now for the first time, users and developers alike will be able to leverage one click bridging from any major chain onto Injective.

With the Ionic Upgrade, Injective users will be able to bridge any asset from the larger IBC ecosystem, bridge the latest assets via Wormhole 2.0 (without ever leaving Injective), and also continuously bridge any ERC20 token via Injective’s native Ethereum bridge (Peggy bridge). Under the hood, this is an extensive lift by developers in the Injective ecosystem who worked to tightly integrate all of the distinct interoperability frameworks into one standalone product. As a result, the complexities around bridging across individual chains are all abstracted away into one unified product built on Injective.

One Click Bridging

One Click Deposits on the Injective Bridge

The Ionic upgrade provides everyone with an intuitive user experience that makes onboarding onto Injective easier than ever before! With only a click, you can deposit from major networks such as Ethereum, Polygon and more. Major assets such as USDT, wETH and more can also be bridged onto Injective where the user can also designate the recipient address. This provides far more flexibility than before, where anyone can choose to bridge assets onto a different wallet or network.

Seamless Chain Access

The Injective Bridge Portal

Now developers and users alike can transfer from a host of chains including EVM chains such as Ethereum, non-EVM chains such as Solana and IBC-enabled chains such as Celestia. The same deposit framework outlined above is retained, meaning that regardless of which chain or asset is selected, the entire process can be completed with just a click.

Furthermore, the balances for any asset across any chain can be viewed on the same page, allowing users to have a complete view of their holdings.

Expanded Transaction Monitoring

The Bridge Process on Injective

Every single step of the bridging process can be monitored by users at all times. The flow begins of course with the user initiating the bridge process with one click at the start. From there, the entire bridging experience is abstracted away.

If users choose to do so, they can view the transaction on the explorer for the initial chain such as Etherscan for Ethereum. In addition, once the asset appears on Injective, the Injective Explorer can be used to view the asset as well.

Users do not need to be on the bridge page after they make the initial deposit, so even if the site is closed, the bridging process will occur just the same. The new monitoring system provides everyone with further peace of mind as now assets can always be tracked through a simple UI and more detailed explorers as well.

Comprehensive Bridging History

Injective Bridge History

The Ionic upgrade for the Injective Bridge also provides for the first time a detailed history of any transfer made.

The initial overview provides the exact timestamps as well so a user can always view the page at a later date. Expanding the "Completed" dropdown will also highlight the exact bridge amount, the transaction hash with an explorer link and the wallets involved in the bridging process.

Enhanced Ethereum Compatibility

Injective's compatibility with Ethereum is further highlighted by lightning fast transfer times for both deposits and withdrawals. Unlike other blockchains today where withdrawals can take up to a week, withdrawals on Injective take only minutes!

As a result, Injective today becomes the fastest chain for interacting with Ethereum and EVM native assets.

Near Zero Fees

Injective release of Gas Compression is also now integrated into the new bridging process, meaning that transactions incur the lowest fees in all of crypto! In the end, this means users are able to retain more of their funds on Injective compared to any other L1 network today.

Wormhole Gateway Integration

The Wormhole experience is also now directly embedded into the Injective Bridge for the first time. As a result, users no longer need to navigate multiple bridge providers or Portal Bridge to make their Wormhole native transfers to Injective.

Assets from chains such as Solana, Polygon, Arbitrum and more can now rapidly be deposited onto Injective. Wallets such as Phantom, Keplr and MetaMask can be utilized for the bridging experience, meaning that users can continue to use familiar wallets to onboard onto Injective.

Wormhole Migration

With the introduction of Wormhole Gateway, a paradigm shift occurred. Tokens bridged in through this upgraded mechanism are automatically designated as bank tokens, the canonical version of the asset on Injective.

Previously, tokens bridged into Injective via Wormhole were designated as CW20 tokens. While these tokens served their purpose, they lacked the seamless interoperability required for optimal performance within the Injective environment. CW20 tokens, although functional, needed to undergo a conversion process into Bank denom tokens to unlock their full potential within the ecosystem. This conversion facilitated compatibility with essential components like the on-chain Injective orderbook module and dApps across the ecosystem.

With the Ionic upgrade directly integrating Wormhole Gateway, users no longer need to manually convert bridged assets into Bank assets. This process now occurs automatically with the new upgrade, significantly enhancing the seamlessness and efficiency of bridging for end-users. As a result, when users bridge a new asset or wish to quickly create markets for tokens, they can do so without any hassle or in-depth technical knowledge about distinct token denominations.

Wormhole Legacy Assets

Starting now, Injective users are encouraged to transition their existing "legacy" tokens to the new Wormhole Gateway standard through the revamped Injective Bridge.

For users with tokens previously bridged into Injective via Wormhole, a "LEGACY" suffix will be assigned. Migrating legacy tokens to the one unified token standard can also be achieved in one click using the Injective Bridge! The Injective bridge provides a user-friendly interface for this migration process, ensuring a smooth transition without compromising on security or efficiency. 

Migrating to one standard will ensure far more composability for assets and new use cases as a whole as dApps across the Injective ecosystem begin to follow one standard.

A New Era of Interoperability

The introduction of the Ionic upgrade to the Injective Bridge represents a major milestone in the evolution of Web3 infrastructure as a whole.

For the first time, anyone can effortlessly deposit assets onto Injective from a host of different networks in one unified product, opening up a world of possibilities for Web3 finance enthusiasts and developers alike. One click deposits, enhanced transaction monitoring, and major optimizations across the infrastructure stack alongside the lowest fees in all of crypto, enable Injective to truly provide the best bridging experience to date. In turn, this allows for far higher levels of composability than what was previously thought to be possible.

By embracing enhanced token standards and prioritizing interoperability, Injective continues to empower users with unparalleled flexibility and efficiency in their digital asset transactions.

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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Today, Artemis announces its integration of Injective, providing institutional-grade analytics for all Injective and Artemis users alike. Having access to comprehensive data analytics is paramount for making informed decisions, and with a mission to bring transparency and first principles to the crypto sphere, Artemis paves the way for smarter investments and strategic developments within the industry.

Injective users and dApps will now have access to a comprehensive dashboard, offering chain-level metrics within the Injective ecosystem. 

What is Artemis? 

Artemis is a data analytics platform that provides institutional grade analytics to protocols and users. Whether you're a protocol seeking to communicate effectively with institutions or an investor looking to delve deep into blockchain health metrics, Artemis provides the tools necessary to dive further into any ecosystem.

Artemis offers four distinct products, each catering to different preferences in data consumption:

Terminal: A powerful dashboard providing a user-friendly interface to explore essential on-chain metrics.

Sheets: Accessible spreadsheet plugin allowing users to pull on-chain data into spreadsheets for in-depth analysis and customizable data sets.

Datashare: have access to Artemis’ entire data warehouse for advanced analytics like sybil detection and wallet-level analysis.

API Plugin: Seamlessly integrating with existing platforms for enhanced functionality and data accessibility.

Artemis Integration with Injective

Due to the immense surge in interest for Injective, Artemis integrated on-chain data for Injective. 

On the chain level, Artemis users can now access a plethora of vital metrics related to Injective Protocol's activity. This includes, but is not limited to:

Daily Active Addresses: Understanding user engagement and network activity.

Daily Transactions: Monitoring transactional volume and network throughput.

Fees: Gauging the overall protocol fees generated by the Injective ecosystem.

DEX Volumes: Tracking decentralized exchange activity within the protocol.

This holistic approach empowers users to gain deeper insights into the protocol's growth trajectory and underlying health.

The Future of Artemis and Injective

The integration between Artemis and Injective is not just about current capabilities but also about future opportunities. Artemis envisions providing detailed views on different dApps within the Injective ecosystem, allowing users to understand how each application contributes to the broader chain.

This granular insight will enable users and institutions alike to make more nuanced decisions, identifying promising dApps and emerging trends within the Injective ecosystem. Likewise, protocols will benefit from enhanced transparency and the ability to effectively communicate their value propositions to the wider community.

The integration of Artemis with Injective represents a substantial leap forward in empowering not just Injective users, but also projects and interested investors. Through its provision of transparent, data-driven insights, Artemis equips all stakeholders with a comprehensive understanding of the activity within Injective. This, in turn, facilitates effective monitoring and fosters growth within the network.

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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Injective is officially collaborating with AltLayer to create the first ever restaking security framework for on-chain inEVM applications. Starting now, inEVM can leverage the security of not only Injective but also Ethereum as a whole, bringing the security of over $400 Billion in assets to the world of inEVM.With this integration, inEVM is able to be more simultaneously Ethereum and Injective aligned than ever before, further merging two of the most vibrant L1 ecosystems to date.

Injective’s inEVM enables Ethereum developers to build applications that can uniquely leverage Injective’s blazing fast speeds and near zero fees while simultaneously achieving composability across the WASM and EVM world. In turn, this allows Injective to be the only L1 blockchain capable of unifying the interoperability of Cosmos with the speed of Solana and the developer access of Ethereum.

Together with AltLayer, Injective inEVM is introducing an entirely new design framework to bring to EVM transactions whereby on-chain state validation is carried out with a network of nodes with economic backing, which in turn ensures optimal security and reliability across the entire rollup stack.

What is AltLayer?

AltLayer stands at the forefront of rollup technology, offering a comprehensive suite of solutions designed to address the scalability challenges facing Web3 applications. Central to AltLayer's offerings is its novel product, 'restaked rollups', which supplement existing rollups with enhanced security, decentralization, and interoperability by leveraging the restaking mechanism.

AltLayer is backed by some of the largest institutions in the industry including Polychain Capital, Binance Labs and Jump Crypto.

AltLayer and Injective Bring Fast Finality to inEVM

Restaking based security aims to bring Ethereum security to inEVM and thereby applications built on inEVM.

This is achieved via AltLayer’s MACH framework via which a network of nodes is set up to perform state validation  for the inEVM stack. Upon any detection of an invalid state, a governance proposal will be initiated on-chain to react to the invalid state. If the proposal is approved, MACH's circuit breaker mechanism will automatically halt inEVM's RPC service, protecting users from further malicious operations and enabling them to initiate the process of recalling the transaction altogether.

By doing so, inEVM can leverage the security of not only Injective but also Ethereum as a whole, bringing the security of over $400 Billion to inEVM.

The Future of MACH: Lightning Fast Finality on inEVM

To accelerate the finality of rollups, AltLayer introduced MACH: a fast finality layer for Ethereum. In essence, the protocol is designed to provide faster finality to rollups by allowing operators to restake Ethereum-based assets to back any claims on the rollup state. AltLayer aims to bring the MACH protocol to inEVM in the future as well.

By bringing fast finality rollup services to inEVM, AltLayer and Injective together can empower developers and users alike to leverage the scalability and security benefits of MACH within the platform. This is achieved via distinct validity modes: pessimistic mode, optimistic mode and validity proof mode.

Pessimistic Mode

Pessimistic Mode. Image provided by AltLayer.

Within the pessimistic mode, each new state is considered invalid by default and therefore transactions leading to that state are re-executed. As a result, the inEVM operator feeds transaction data directly to the MACH network which in turn re-executes the transaction and reaches consensus on the validity of the proposed state by the operator.

Optimistic Mode

Optimistic Mode. Image provided by AltLayer.

In this mode, the rollup operator asserts a state claim on the MACH protocol, stating that the execution of a specific block of transactions leads to a particular state commitment. 

Within this framework, any node in the MACH network can then challenge the claim and prove that the new state is not valid by engaging with the inEVM operator in a bisection protocol.

Optimistic Mode with ZK Proofs

Optimistic Mode with ZK Proofs. Image provided by AltLayer.

A variation on the model above relies on the implementation of ZK Fault Proofs. This setup assumes the existence of at least one honest node in the MACH network and network nodes are mostly in observation mode. In theory, this model would replace the prior bisection protocol with on-demand ZK Proofs in which such proofs are generated in case of a challenge.

Validity Proof Mode

Validity Proof Mode. Image provided by AltLayer.

In the final mode of the MACH network acts as a decentralized verifier network for validity proofs. The rollup operator such as a sequencer will commit to a newly set of transactions, the resulting state, together with the validity proof on MACH. The MACH network will then verify and reach consensus on the validity of the proof. 

Ethereum Restaked Security on inEVM

Ethereum Restaked Security is a major paradigm shift for inEVM and the world of crypto as a whole. For the first time in history, Ethereum’s $400 Billion network can be utilized to bring security enhancements to rollups built on Injective such as inEVM.

inEVM brings a groundbreaking infrastructure stack designed to hyperscale multi VM development. With inEVM, builders can create a legion of new applications that not only retain the highest performance standards but also directly composes across the IBC and Solana ecosystems over time. With a dedicated network of nodes validating inEVM states and on-chain alerts providing real-time notifications of potentially invalid states, users can transact with confidence on inEVM, knowing that their transactions are protected at all times.

Every single facet of inEVM has been custom built to meet the needs of sophisticated applications, including a hyper scalable execution layer as well as a modular DA layer. This combined with the near zero fees offered by Injective, makes inEVM the foremost solution for Ethereum native builders everywhere.

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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Galxe, the leading platform for building Web3 communities, has fully integrated with Injective mainnet to further push community engagement and growth. 

This integration marks a significant milestone in the continuous effort to expand the Injective community. Starting now, Injective ecosystem projects will be able to launch reward-based programs with on-chain transaction tracking capabilities on Galxe. This boosts exceptional user acquisition and engagement for dApps built on Injective and the broader ecosystem.

What is Galxe? 

Galxe is a platform that allows projects and community members to create reward-based loyalty programs. Galxe currently has over 14 million unique users who can go to Galxe and explore different campaigns or follow “Spaces,” which aggregate the different campaigns that are associated with one project.

Injective is the latest L1 to be integrated onto Galxe, joining the ranks of leading blockchains such as Polygon, Avalanche and BNB Chain. With Galxe, projects on Injective now have the potential to craft more targeted and personalized campaigns. Whether it's reward programs, token airdrops, or gamified experiences, the newfound ability to create highly tailored campaigns ensures users are more engaged, motivated, and actively participating in project activities.

What Does This Integration Entail?

A key component of this integration involves Galxe's wallet support for Metamask and Keplr connections for Injective. This is a game-changer, allowing both Ethereum and Cosmos users to seamlessly have their Injective addresses recognized on the Galxe platform. This feature eliminates the need for manual address transfers between EVM and Injective, streamlining the user experience significantly.

Innovating with OATs and NFTs

Galxe has supported the minting and distribution of On-chain Achievement Tokens (OAT) directly on Injective, which introduces a new level of interactivity and reward for user achievements. By minting OATs on Injective, these OATs are not just digital assets but become symbols of accomplishment and participation within the community. 

Seamless Token Distribution 

Initially, this integration will facilitate the distribution of a single token type on Injective, streamlining the process for both creators and users. This is a step in demonstrating the versatility and scalability of the Injective ecosystem. In the future, there are plans to broaden this functionality, aiming to support multiple token types and offering more tailored distribution options. This expansion will cater to a diverse range of needs within the Injective community, allowing for greater customization and flexibility in token distribution. 

How Does This Benefit the Injective Community

Galxe's integration of Injective marks a new milestone of rapid community engagement and growth.

Community members can anticipate a range of exciting campaigns that involve in-depth transactions occur on the blockchain or protocols. These campaigns give users more reasons to engage with projects, earn rewards, and interact with the broader Injective ecosystem continuously.

Projects can now realize their full potential by running impactful community campaigns. With more active users, Injective and its ecosystem are well-positioned to flourish, fostering an interconnected and thriving crypto community.

To keep up to date on all Injective campaigns on Galxe, follow Injective here: https://galxe.com/injective

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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In the realm of Web3 finance, scalability and efficiency are paramount. Central to this evolution is the emergence of multi-VM (Virtual Machine) environments, enabling blockchain platforms to support a diverse array of smart contract languages and execution environments. 

inEVM is essential to this paradigm shift, and is the latest milestone from Injective. inEVM signifies substantial progress in interoperability among leading blockchain networks and emphasizes Injective’s commitment to fostering an integrated Web3 network.

A number of key infrastructure platforms were critical In building inEVM. Among these, Hyperlane was critical in enabling seamless cross-chain interoperability and token bridging, connecting Injective and inEVM with the inEVM bridge.

This spotlight delves deeper into what Hyperlane is and how it accelerates inEVM.

What is Hyperlane?

Hyperlane is a permissionless interoperability layer built for the modular blockchain stack. It allows for seamless connections across disparate blockchain environments. With Hyperlane, developers can deploy interoperability and bridging to any layer 1, rollup, or appchain, in any VM. This universal compatibility enables chains equipped with Hyperlane to communicate effortlessly with one another, laying the foundation for a truly interconnected blockchain ecosystem.

Part of Hyperlane's mission is the empowerment of Interchain Applications – applications that span multiple blockchains and abstract the complexities of the multi-chain complexities away from users.

How Permissionless Interoperability Scales Injective

With Hyperlane integrated, Injective gains the unique scaling feature of Permissionless Interoperability. Anyone can deploy Hyperlane on any chain or rollup, adaptable to any VM. In turn, this enables Injective to expand to any chain without needing the Hyperlane core team in any capacity.

Traditional interoperability providers need to manually deploy on every new chain and require chains to lobby them for deployments. This is a significant bottleneck for new chains, and stunts their growth.

Now with the permissionless scaling of Hyperlane, Injective can tap into new chains in the modular ecosystem even faster.

Utilizing Hyperlane for inEVM

The integration of Hyperlane within inEVM marks a significant milestone in the evolution of cross-chain interoperability. At the core of inEVM lies its inherent interoperability between the WebAssembly (WASM) and Ethereum Virtual Machine (EVM) environments. 

Hyperlane facilitates seamless token bridging, enabling the transfer of assets across different blockchain environments, but it transcends being merely a bridge. inEVM harnesses Hyperlane to engage with WASM-based Injective dApps and assets, and Hyperlane serves as a universal, permissionless interoperability layer tailored for inEVM. 

With Hyperlane integrated into Injective's inEVM, developers can construct interchain applications that shield users from the complexities of the multichain landscape. Whether a user seeks to develop a solidity dApp enabling transactions directly within Injective's WASM apps, Hyperlane makes it easy.

The core features of Hyperlane include:

Contracts: Hyperlane exposes on-chain contracts that allow applications to send and receive messages between chains.

Agents: Agents in the network operate the protocol by adding security and relaying messages across chains.

Applications: Applications that utilize Hyperlane to send and receive messages between different chains. 

Additionally, with the deployment of Warp Routes – Hyperlane's token bridge application – users can now transfer assets such as INJ, USDC, and USDT between the native Injective chain, Ethereum, and inEVM. This integration not only enhances liquidity within the inEVM network, but also opens up new avenues for TVL to flow into inEVM from Injective, enriching the ecosystem and fueling further growth and development. Start bridging now with the inEVM bridge.

To learn more about Hyperlane, visit their website and docs, or join their Discord.

The interoperability between inEVM and Injective's WASM layer

Due to Injective’s integrations with various prominent blockchains and the liquidity the ecosystem gathered over time, a builder can also deploy a dApp on inEVM that accesses liquidity and users from sovereign networks, by just connecting to Injective.

The Future of inEVM

inEVM brings a groundbreaking infrastructure stack designed to hyperscale multi VM development. With inEVM, builders can create a legion of new applications that not only retain the highest performance standards but also directly composes across the IBC and Solana ecosystems over time.

Every single facet of inEVM has been custom built to meet the needs of sophisticated applications, including a hyper scalable execution layer as well as a modular DA layer. This combined with the near zero fees offered by Injective, makes inEVM the foremost solution for Ethereum native builders everywhere.

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.

Website | Telegram | Discord | Blog | Twitter | Learn | Youtube | Facebook|LinkedIn | Reddit | Instagram | Orbit Newsletter

In the realm of Web3 finance, scalability and efficiency are paramount. Central to this evolution is the emergence of multi-VM (Virtual Machine) environments, enabling blockchain platforms to support a diverse array of smart contract languages and execution environments. 

inEVM is essential to this paradigm shift, and is the latest milestone from Injective. inEVM signifies substantial progress in interoperability among leading blockchain networks and emphasizes Injective’s commitment to fostering an integrated Web3 network.Injective’s inEVM enables Ethereum developers to build applications that can uniquely leverage Injective’s blazing fast speeds and near zero fees while simultaneously achieving composability across the WASM and EVM world. In turn, this allows Injective to be the only L1 blockchain capable of unifying the interoperability of Cosmos with the speed of Solana and the developer access of Ethereum.

A number of key infrastructure platforms were critical in building inEVM. Among these, LayerZero was a crucial component to allow for cross chain messaging and to also allow for the creation of omnichain apps (OApps). 

This spotlight series delves deeper into what LayerZero is and how it was utilized in the creation of inEVM.

What is LayerZero?

LayerZero is an open-source, immutable messaging protocol designed to facilitate the creation of omnichain, interoperable applications. With LayerZero, developers can easily send arbitrary data, external function calls, and tokens with omnichain messaging, while preserving full autonomy and control over their application. 

LayerZero's integration with inEVM ushers in a new era of seamless cross-chain communication, empowering developers to build interoperable dApps that transcend traditional blockchain boundaries. This integration allows users of Ethereum, Arbitrum, and other chains to seamlessly interact with dApps deployed on the inEVM network and vice versa. LayerZero has raised over $100 Million from industry titans such as A16Z, Sequoia and many more.

By bridging these disparate ecosystems, LayerZero enabled dApps launching on inEVM to tap into a vast pool of users, liquidity, and resources from other chains, fostering a vibrant and interconnected ecosystem.

Utilizing LayerZero for inEVM

Developers can leverage LayerZero to create omnichain apps, or OApps, which interact not only within the Injective ecosystem, but also across all interconnected networks supported by Layer Zero. 

The LayerZero Architecture for inEVM

Additionally, developers will be able to utilize LayerZero Endpoints, which are crucial components that facilitate this communication between different blockchains. 

OApps uniquely have horizontal composability, allowing for external cross chain calls to and from inEVM to be containerized as new message packets. This ensures the separation of the receipt logic from the external call itself.

By utilizing LayerZero dApps launched on inEVM can access assets from a host of other networks as well as unique assets typically not available before on Injective such as liquid staked assets. In addition, due to Injective’s integration with IBC, inEVM can enjoy access to both Etheruem native assets along with assets across the Cosmos universe.

The Future of inEVM

inEVM brings a groundbreaking infrastructure stack designed to hyperscale multi VM development. With inEVM, builders can create a legion of new applications that not only retain the highest performance standards but also directly composes across the IBC and Solana ecosystems over time.

Every single facet of inEVM has been custom built to meet the needs of sophisticated applications, including a hyper scalable execution layer as well as a modular DA layer. This combined with the near zero fees offered by Injective, makes inEVM the foremost solution for Ethereum native builders everywhere.

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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In the realm of Web3 finance, scalability and efficiency are paramount. Central to this evolution is the emergence of multi-VM (Virtual Machine) environments, enabling blockchain platforms to support a diverse array of smart contract languages and execution environments. 

inEVM is essential to this paradigm shift, and is the latest milestone from Injective. inEVM signifies substantial progress in interoperability among leading blockchain networks and emphasizes Injective’s commitment to fostering an integrated Web3 network.

A number of key infrastructure platforms were critical In building inEVM. Among these, Caldera emerged as a key provider of robust rollup frameworks to catalyze the development and deployment of high-performance rollups.

This spotlight series delves deeper into what Caldera is and how it was utilized in the creation of inEVM.

What is Caldera?

Caldera stands at the forefront of rollup deployment platforms, offering a comprehensive suite of tools and services to streamline the deployment process for developers. Its platform is designed to leverage the capabilities of leading rollup frameworks to enable the creation of customizable, high-performance rollups tailored to specific needs.

Each Caldera rollup is equipped with a myriad of features aimed at optimizing performance and functionality. These include performant RPC nodes, a block explorer, a data indexer, and a bridge interface to the settlement chain. Having such a robust infrastructure ensures seamless operation and makes it clear as to why Injective utilized Caldera for its inEVM environment. 

Utilizing Caldera for inEVM

The Caldera team worked to create a bespoke solution tailor made for the Injective ecosystem.

Unlike typical rollups, inEVM is highly unique in that it focuses on bringing a new VM environment to one of the largest layer one networks in existence. With Caldera’s diverse tool kit, inEVM is able to launch seamlessly and provide dApp developers with a familiar environment to deploy their applications. Additionally, getting started on inEVM is highly intuitive, creating ease for developers who are looking to join the broader IBC ecosystem. 

As Caldera is also compatible with multiple protocols, Injective’s inEVM environment was highly customizable enabling interoperability protocols such as Hyperlane and LayerZero to be integrated into the rollup as well.

The Future of inEVM

inEVM brings a groundbreaking infrastructure stack designed to hyperscale multi VM development. With inEVM, builders can create a legion of new applications that not only retain the highest performance standards but also directly composes across the IBC and Solana ecosystems over time.

Every single facet of inEVM has been custom built to meet the needs of sophisticated applications, including a hyper scalable execution layer as well as a modular DA layer. This combined with the near zero fees offered by Injective, makes inEVM the foremost solution for Ethereum native builders everywhere.

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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As February unfolds, Injective continues to break new ground in the decentralized finance landscape, demonstrating relentless progress and innovation. This past month has been a whirlwind of activity and milestones, marking another chapter of remarkable achievements for the Injective ecosystem.

A standout moment in February was the Helix announcement of the first-ever on-chain Japanese Yen (JPY) market, setting a new precedent for fiat integration within the crypto space. This pioneering development not only expands the trading horizon for Injective users but also enhances the accessibility and diversity of the platform’s offerings.

The ecosystem expanded significantly with Mito's launch on the Injective mainnet, introducing an innovative automated trading vault platform and launchpad.

During the month of February, Injective also hit a major milestone, surpassing 450 million on-chain transactions, highlighting its network's robustness and scalability, along with its growing popularity.

Highlighted Ecosystem News

Mito Mainnet Launch

Today marks the official launch of Mito on the Injective mainnet, introducing its cutting-edge automated vault platform and Launchpad to the broader Web3 community.Get ready to experience a new age of Web3 finance 🚀Read more 👇https://t.co/CkJPQcU8UI pic.twitter.com/VEaQ7JGi1Q

— Mito (@MitoFinance) February 20, 2024

The launch of Mito on Injective's mainnet marks a significant moment in the evolution of decentralized finance. This development brings forth an advanced trading vault platform and an innovative launchpad, taking the ecosystem's capabilities and attractiveness to new heights. Mito aims to diversify Injective's offerings, facilitating the seamless fusion of sophisticated trading tools and financial products within DeFi.

The mainnet release is notable for its deployment of complex algorithms aimed at refining trading efficiencies, having a broad selection of investment options catering to diverse investor risk profiles, and a simplified mechanism for engaging with new token launches. These innovations are designed to accommodate both experienced DeFi enthusiasts and beginners, simplifying the path to DeFi engagement and bringing greater financial inclusivity.

Mito's deployment on the Injective mainnet expands the landscape of decentralized finance, not only reinforcing Injective's mission in the decentralized finance but also lays the groundwork for a more interconnected and streamlined financial ecosystem.

Omnichain Domain Name Service

1/ The 1st ever omnichain domain name service has officially launched, enhancing the user experience across Solana & Injective with @bonfida.Use and build dApps across Solana and Injective using the same domain, unifying the two ecosystems🔥https://t.co/tjJFo8gnBY

— Injective 🥷 (@injective) February 15, 2024

Injective's recent launch of the omnichain domain name service is a significant leap towards enhancing blockchain interoperability and simplifying user experiences across different networks. This innovative service allows users to manage a single, recognizable domain across Injective and Solana, streamlining the way digital identities and transactions are processed in Web3. It stands as a monumental shift in reducing the complexity of navigating through various blockchain ecosystems, facilitating a unified, seamless interaction.

This breakthrough integration reinforces Injective's pioneering role in blockchain technology, aiming to bridge the gaps between isolated networks by offering a solution that enhances security, efficiency, and ease of use. Injective is not only advancing the blockchain industry but also paving the way for a future where decentralized web is more accessible and user-friendly, encouraging broader adoption and technological innovation.

Dojo Swap’s CW404 Launch

⚔️ Launch of CW404 on Injective - Porting the ERC404 standard to the fastest L1Read more > https://t.co/RIiwnECZJnDojoSwap team has collaborated with the @Injective_ team to build, launch, audit, and to open-source the CW404 standard for all developers on Injective (and in…

— DojoSwap | 1st AMM Dex on #INJ (@Dojo_Swap) February 23, 2024

In February, CW404 was introduced and it is designed as a cutting-edge smart contract standard, specifically tailored for creating a more secure, efficient, and interoperable blockchain ecosystem. This innovation will revolutionize how developers build and deploy smart contracts, offering enhanced capabilities for creating dApps. 

By focusing on security, scalability, and ease of integration, CW404 sets a new benchmark for smart contract development, promising to streamline blockchain interactions and foster a more robust and versatile DeFi ecosystem. 

First-ever on-chain Japanese Yen (JPY) market live on Helix 

Today, Helix is announcing the launch of the first-ever on-chain Japanese Yen (JPY) market ⚡️Users can now trade a tokenized version of one of the world's most prominent fiat currencies entirely on-chain.https://t.co/AQKSEe4v8l

— Helix 🧬 (@HelixApp_) February 6, 2024

This new initiative introduced a fiat-linked market into the blockchain ecosystem, enabling direct and efficient trading with JPY on Helix, the first native orderbook DEX on Injective. By integrating the stability and familiarity of a major world currency like the Japanese Yen into the blockchain, Helix is expanding the accessibility and utility of DeFi services. 

This move not only bridges traditional finance with the innovative potential of blockchain technology, but also opens up new avenues for investors and traders looking to diversify their portfolios with fiat currencies. Helix's introduction of the JPY market underscores its commitment to pushing the boundaries of what's possible in DeFi, creating a more inclusive and versatile financial landscape.

Full List of Injective Updates

Ecosystem Updates:

DeFi

Exotic Markets, the options and derivatives infrastructure protocol built on Injective launches on mainnet

Helix, a decentralized exchange on Injective, introduced for the first time ever, the on-chain Japanese Yen (JPY) market

Hydro Protocol,  an Injective-native LSD Protocol, achieved over 13,000 wallet participants one week after the mainnet went live. After going live on mainnet, Hydro also hit $107M TVL

Hydro Protocol also announced their investment round with esteemed industry leaders

Dojo Swap, the first native AMM DEX on Injective announced their premier Injective Airdrop platform

Dojo Swap launched the CW404 token standard

Filament, a perp DEX on Injective launched their Shinobi Testnet

MoonApp, a Layer0 and launchpad on Injective burned over 121K $APP

Gryphon, the decentralized liquid staking protocol on Injective, reopened its INJ/nINJ vault for 36 hours 

Dojo Swap hit a TVL milestone of $40M 

Mito, a automated trading vault and launchpad listed 5 new vaults 

NFTFi:

xNinja, a SocialFI dApp built on Injective launched on mainnet 

Chain Updates:

Hex Trust, the leading institutional digital asset custodian, has joined Injective as a validator

Decentrio, the Cosmos software developers & infrastructure provider, has joined Injective as a validator

Galxe integrated with Injective, the fastest L1 built for finance

Injective Stats:

Injective processed over 485 million on-chain transactions.

Injective produced over 62 million blocks on mainnet.

Injective reached 415,000 active addresses.

Injective reached 200,000 unique delegates.

Injective has over 50,600,000 $INJ staked. 

The INJ staking APR on Injective is 15.23%, with over 50.6 million INJ staked.

A total of 25,143 INJ was burned through weekly burn auctions in February, and a total of 5.85 million INJ has been burned to date with over 138 burns.

The total assets on Injective Chain reached over $3.4 billion.

The total gas fees paid by users on Injective to date is zero.

Injective hit over 503K followers on Twitter and 237K members on Discord.

The total trading volume on exchange dApps on Injective reached $4.4B in February, with its peak daily volume on February 2nd reaching $269.7M volume. The most liquid markets are BTC and ETH perpetuals.

The markets on Injective exchange dApps performed well this month, with Bitcoin (BTC) increasing from 43,348 to 63,264, marking a 45.9% surge. Injective (INJ) showed significant growth, rising from 36.65 to 42.49, indicating a substantial 15.1% increase.

Community Updates:

Injective changed handles on Twitter to @injective.

Injective hosted a project review call on Discord on Timeworx.

Injective joined an Atlas3 Spotlight Spaces.

Injective joined a Twitter Space session with the Ninja Blaze team.

Over 20K members joined Mito’s Discord server in just a few hours. 

Mito hosted its first ever community call to celebrate the mainnet launch and initial launchpad.

Eric Chen joined Coinbureau for an interview.

Everstake’s Injective annual on-chain data analysis report went live.

Injective hit half a million Twitter followers.

Injective had a booth at ETH Denver and hosted 2 side events, a happy hour and a builder brunch.

Eric Chen participated on a panel about the next generation of L1s alongside other Web3 founders during Penn Blockchain Conference.

Shane Moore gave a presentation during ETH Denver on ‘Building in a Multi-VM environment’.

Injective today is introducing Injective EVM (inEVM) on mainnet, the first ever Ethereum aligned rollup designed to supercharge concurrent VM development.

Injective’s inEVM enables Ethereum developers to build applications that can uniquely leverage Injective’s blazing fast speeds and near zero fees while simultaneously achieving composability across the WASM and EVM world. In turn, this allows Injective to be the only L1 blockchain capable of unifying the interoperability of Cosmos with the speed of Solana and the developer access of Ethereum.

inEVM was built in collaboration with some of the foremost infrastructure projects in Web3 today, including rollup provider Caldera. In addition, prominent messaging layers such as Hyperlane and LayerZero have integrated with inEVM, allowing for the seamless transfer of data and assets. Celestia is set to serve as the Data Availability (DA) layer for the rollup; and Pyth as the oracle provider.

Projects deploying on inEVM today include TimeSwap (a major lending protocol) and Thetanauts (an advanced on-chain options protocol). These protocols together have raised over $200 Million to date from investors such as Polychain Capital, Delphi Digital, Bain Capital Crypto and many more.

Get Started with inEVM: https://inevm.com/

inEVM Docs here

A Background on inEVM

Injective today is one of the fastest layer one blockchains with the lowest fees. The network has processed over 450 million transactions with subsecond block times. These performance enhancements combined with Injective's native plug-and-play modules such as the world's first fully on-chain orderbook, enable Injective to offer developers an unparalleled experience when building Web3 applications.

Injective developed compatibility across the Ethereum ecosystem over the years. This includes a unique signing mechanism whereby Ethereum wallets such as MetaMask can be utilized throughout dApps built on Injective.

As the Injective ecosystem continued to onboard more developers, a common request was the addition of an Ethereum Virtual Machine (EVM) environment. Not only would this expand the development possibilities on Injective but it would also empower a new set of Ethereum native builders to onboard onto Injective with familiar languages and tooling. Furthermore, an EVM layer on Injective also has the potential to serve as a sandbox for builders to familiarize themselves with the broader Injective ecosystem while retaining composability with Injective's WebAssembly (WASM) backbone.

inEVM: Building for a Multi VM World

inEVM is set to reshape how Ethereum developers interact with the broader blockchain universe. Using the same Solidity language as that on Ethereum, developers in a sandbox setting can harness Injective’s advantages — e.g., unparalleled transaction times, lower costs, connection to the IBC network — while opening their dApps simultaneously across layers and protocols, including Ethereum and Solana.

Developed in collaboration with Caldera, inEVM is the first-ever EVM capable of achieving true composability across Cosmos and Solana. This is achieved via Injective's ability to sustain multiple virtual machine environments under one integrated network. For the first time in history, builders are no longer siloed to just one VM but rather can develop alongside and create new synergies across a myriad of VM layers on Injective.

The inEVM Architecture

Injective worked to pioneer a concurrent VM ecosystem with WASM, inEVM and inSVM all secured by Injective.

These VM environments accommodate different virtual machines, each tailored to execute smart contracts written in different programming languages or adhering to distinct execution models. This setup facilitates interoperability by allowing developers to leverage the strengths of different VMs while ensuring compatibility with existing smart contract standards and infrastructure. 

Native Interoperability

At the heart of inEVM is the native interoperability across the WASM and EVM environments. Injective leverages Hyperlane in order to interact with WASM-based Injective dApps and assets. Hyperlane is not just a bridge, but also a universal and permissionless interoperability layer built for the modular blockchain stack, perfect for rollups such as inEVM and inSVM. 

With Hyperlane on Injective’s inEVM, you can build interchain applications that abstracts the complexities of the multichain world away from users. If a user wishes to build a solidity dApp that allows users to create transactions directly on Injective’s WASM apps, Hyperlane can make this happen seamlessly.

The core properties of the messaging layer between Injective and inEVM

Here are a few core features of Hyperlane:

Contracts: Hyperlane exposes on-chain contracts that allow applications to send and receive messages.

Agents: Agents in the network operate the protocol by adding security and relaying messages across chains

Applications: And that’s you guys! You can use the protocol to send and receive messages between different chains secured by Hyperlane

Horizontal Composability

Injective’s inEVM environment is also inherently different from other EVM chains because it integrates Ethereum into the IBC ecosystem, representing a significant advancement in holistic composability.

With the help of this innovation, a two-way messaging layer is present at all times between Injective's WASM smart contracting layer and inEVM. This in turn can lead to novel development capabilities that are simply not possible elsewhere. For instance, a builder can directly interact with Injective's core modules such as its on-chain orderbook while never leaving the inEVM layer, allowing for unique liquidity profiles for new applications.

The interoperability showcased between inEVM and Injective's WASM layer

Due to Injective’s integrations with various prominent blockchains and the liquidity the ecosystem gathered over time, a builder can also deploy a dApp on inEVM that accesses liquidity and users from sovereign networks, by just connecting to Injective.

Injective's novel integration with LayeZero also aids in the creation of omnichain apps or OApps. In the context of inEVM, OApps can interact not just within the Injective’s ecosystem but across all connected networks, leveraging LayerZero’s infrastructure.

OApps uniquely offer horizontal composability. OApps enable this by allowing for external cross chain calls to and from inEVM to be containerized as a new message packet, ensuring that receipt logic is separated from the external call itself. There are also further extensions purpose built for NFT ecosystems called the OFT OApp extension, which facilitates cross-chain NFT for those interested in building an omnichain NFT project

Scaling inEVM with Celestia DA

Celestia is poised to serve as the data availability (DA) layer for inEVM.

Celestia is a modular DA network. Celestia DA will provide a mechanism for the inEVM execution and settlement layers to monitor in a trust-minimized manner whether transaction data is indeed available. inEVM can also tap into the abundant throughput enabled by Celestia's data availability sampling (DAS), an architecture that scales while maintaining verifiability for any user.

Pyth: Institutional Grade Data

Pyth is also live on inEVM from day one. This means that new applications such as perpetual DEXs or general applications requiring sophisticated oracle access can do so with ease.

Pyth provides low latency data to inEVM, enabling builders to build apps with high-fidelity oracle feeds designed for mission-critical systems. 95+ major market participants — including Jane Street, CBOE, Binance, OKX, and Bybit — contribute data to the network.

Getting Started with inEVM

Getting started with inEVM is extraordinarily simple and deploying on inEVM is the same as any other EVM-compatible chain, making the entire build process quite intuitive. In addition to this, there is a diverse array of unique Ethereum native tooling and integrations exclusively on inEVM that you as a developer can leverage to interoperate seamlessly with Injective as well as other chains such as Ethereum and Solana.

A robust set of tools on inEVM

You can begin your builder journey on inEVM by navigating to the docs here.

Users can also begin to interact with applications built on inEVM. These applications include but are not limited to the following:

TimeSwap: Timeswap AMM enables the creation of fixed maturity lending & borrowing markets for any fungible token without dependency on external price feeds.

Interport: Interport allows the most efficient cross chain trades via all supported networks.

UpvsDown: This game is a Play2Earn game that gives players the opportunity to engage in exciting competitions against each other. 

Poolshark Protocol: Poolshark is a cutting-edge AMM where users can create directional positions to earn from volatility.

Thetanuts: Thetanuts Finance is a decentralized on-chain options protocol focused on altcoin options. 

ApeBond: ApeBond is a bonding protocol committed to building a sustainable DeFi future for projects and communities.

Relative: Relative Finance is building cross-sector dApps for derivatives and prediction pools across SocialFi, DeFi and GameFi. 

The Future of inEVM

inEVM brings a groundbreaking infrastructure stack designed to hyperscale multi VM development. With inEVM, builders can create a legion of new applications that not only retain the highest performance standards but also directly composes across the IBC and Solana ecosystems over time.

Every single facet of inEVM has been custom built to meet the needs of sophisticated applications, including a hyper scalable execution layer as well as a modular DA layer. This combined with the near zero fees offered by Injective, makes inEVM the foremost solution for Ethereum native builders everywhere.

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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Today, Injective announces its exclusive integration with Ethena, marking the first integration for Ethena outside of the broader Ethereum ecosystem. 

This collaboration paves the way for Injective and the wider IBC community to access USDe and participate in Ethena’s Shard Campaign, creating further opportunities to earn for users.

What is Ethena?

Ethena stands as a prominent player in the crypto sphere, having amassed nearly 1 billion in Total Value Locked (TVL) in less than a month. It aims to revolutionize DeFi with the creation of yield-bearing synthetic tokens. 

USDe is Ethena’s synthetic dollar, which provides a censorship-resistant, stable, and scalable solution for the digital asset market, backed fully on-chain and free to compose on other protocols. Unlike traditional stable assets, USDe relies on innovative technologies, such as delta-hedging and established assets like ETH, to maintain its peg to the dollar. 

Central to this ecosystem is the Internet Bond, a high-yield financial instrument democratizing investment opportunities and savings concepts. By leveraging staked ETH and derivatives markets, Ethena ensures the stability of the USDe peg while generating substantial yields, creating a new type of stable asset, called the synthetic dollar.

Ethena has received backing from some of the foremost investors in Web3 including Dragonfly, Bybit, OKX, Deribit and Gemini.

Bringing the Internet Bond to the Fastest L1

With this integration, USDe will be available to Injective users starting Wednesday, March 6th. Additionally, through this exclusive collaboration, holders of USDe on Injective will be eligible to participate in the Ethena Shards Campaign beginning Monday, March 11th. 

Ethena will allow Injective users to receive shards for holding USDe in their Injective wallets. Users who hold USDe will receive 5x shards (or points) on the Ethena protocol, which counts shards as a part of their “Shards Campaign '' to promote engagement and community participation within the protocol.

Not only is this the first integration of USDe on Injective but it is also the first launch outside of the Ethereum native world. Now users across Injective, Cosmos and the broader IBC ecosystem can access USDe with ease. In addition, Injective’s near zero fees mean that dApps on Injective are now the cheapest gateway to earn Ethena shards.

How will Ethena work with Injective? 

The Ethena integration is made possible with Injective’s implementation of Ethereum standard EIP712, allowing Ethereum wallets, such as MetaMask, to seamlessly connect to the Injective network and generate an Injective wallet address that is automatically linked to an Ethereum wallet address. 

Ethena will leverage this integration to query the Injective network for these Ethereum addresses that hold USDe, and grant shards to these users on the Ethena dApp.

How do I obtain USDe on Injective?

Users can access USDe across various dApps built on Injective.

This includes the likes of Helix, the premier decentralized exchange built on Injective. Users simply need to connect a wallet to obtain USDe with the lowest fees in all of crypto.

USDe/USDT Market Details

Base asset: USDe

Quote asset: USDT

Minimum price tick size: $0.0001 USDT

Minimum quantity step: 0.1

Trade and earn multiplier: 1X maker pts; 1X taker pts

Fee: -0.01% maker fee; 0.1% taker fee

To get USDe on Helix, click here. 

How do I check my Ethena Shards?

Users who hold USDe on Injective will be able to track their shards directly on Ethena by connecting their MetaMask wallet associated with their Injective wallet address. Shards are updated every 24 hours on the Ethena platform.

Keplr users can also participate in Ethena’s Shard Campaign. Keplr users simply need to import their Keplr wallet address into a new MetaMask account to receive shards. Keplr users will be able to obtain USDe on Helix with their Keplr account, and connect their new associated MetaMask account to Ethena to view their earned shards. 

To learn how to import your Keplr wallet to MetaMask, click here. 

The Future of Ethereum Assets on Injective

The integration with Ethena exemplifies the seamless access between Ethereum and Injective.

With Injective, Ethereum users are able to directly obtain novel Ethereum-based assets such as USDe at lightning-fast speeds, near zero fees while utilizing Ethereum native tooling and wallets such as MetaMask. In doing so, Injective unlocks a vast array of opportunities for both the Injective community and the world of crypto as a whole.

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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About Ethena

Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument - the “Internet Bond”. Ethena's synthetic dollar, USDe, will provide the first censorship resistant, scalable and stable crypto-native solution for money achieved by delta-hedging staked Ethereum collateral. USDe will be fully backed transparently onchain and free to compose throughout DeFi. 

Website | Twitter | Discord | Blog | Documentation | Github 

💡 Learn how to import your Keplr Wallet to MetaMask.

This article is for informational purposes only and is not financial or investment advice.  The information contained in this article is intended to be current at the time of publication but may not remain so indefinitely.

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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