The October Community Update: Rapid Ecosystem Expansion

November 06, 2023

DeFiMito, the first automated DeFi hub built on Injective, is open to all Injective users for early access with missions on the testnet to level up daily. Learn more about how to get early access on Injective testnet here. Talis Protocol, an NFT marketplace on Injective, has achieved $1 million dollars traded amount since the arrival on Injective. Blocksmith Labs is teaming up with an upcoming NFT marketplace Nebula to provide Injective users with a smooth pre & post-mint process. Injective has become the fastest blockchain in the Cosmos ecosystem, with 0.8s block time on mainnet and 25,000 TPS.

In October, Injective experienced remarkable growth across its ecosystem dApps and chain statistics, garnering significant public attention due to its expanding influence and continuous stream of innovative offerings.

Several notable developments within the ecosystem throughout October included: Helix's introduction of Trading Bots and Pre-Launch Futures, Exotic Markets pioneering the first options infrastructure protocol on the testnet, Neptune Finance launching its testnet for the peer-to-peer lending protocol, and Dagora's debut of a new NFT marketplace on Injective's mainnet, aimed at enhancing the NFT Fi ecosystem.

And the momentum is not slowing down. Injective initiated the Illuminate Hackathon, backed by Google Cloud, to support and expedite the onboarding of startups onto the Injective platform. Moreover, Google Cloud has integrated Injective to provide its dataset to developers and enterprises, broadening core chain data from Injective to be shared with the broader mainstream world.

For a full recap of October, check out this highlight reel ūüĎá

Highlighted Ecosystem News

Injective Kicks Off the Illuminate Hackathon Supported by Google Cloud

https://twitter.com/Injective_/status/1708844806389084601

Injective kicked off the Illuminate Hackathon, a collaborative venture with Google Cloud and co-hosted by DoraHacks. The Illuminate Hackathon, proudly featuring a substantial US$100,000 prize pool, serves as the premier launchpad for Web3 finance applications.

This innovative Hackathon is an open invitation to all builders, encouraging them to craft native projects on Injective, currently recognized as the swiftest layer 1 blockchain. Participants are encouraged to explore various domains, including DeFi, NFTs, SocialFi, gaming, tooling, and more. Injective and Google Cloud are poised to offer invaluable technical guidance, mentorship, and rewards to assist startups in propelling themselves to the next phase of growth.

To register for the hackathon, sign up here. To familiarize yourself with Injective, click here. To join the official Injective Discord Injective, click here.

Helix Launches Trading Bot & the First Pre-Launch Futures

https://twitter.com/HelixApp_/status/1719383920402395374

To cater to the growing demand from retail users, Helix rolled out an exciting new feature: Trading Bots, now available for select spot markets. These Helix Trading Bots empower users to harness advanced order functionalities, automating their spot market trades to capitalize on minor price fluctuations at predefined intervals.

Helix consistently enriches its platform by offering an extensive array of markets, encompassing both well-known options and exclusive selections not found elsewhere. In a notable development during October, Helix expanded its portfolio by introducing Pre-Launch Futures, with the inaugural listing of Celestia (TIA). This move provides all traders with an equal opportunity to access a popular token market before its official launch, a milestone that has garnered recognition from esteemed blockchain media outlets like CoinDesk, The Block, and Crypto Briefing. Other noteworthy additions to Helix's market offerings include the first Axelar (AXL) perpetual market and the Celestia (TIA) spot market.

Following the spot listing of Celestia (TIA), Helix is hosting a generous giveaway of 30,000 TIA tokens to traders worldwide. You can participate in this exciting opportunity by joining the latest Galxe campaign or making use of LP Rewards, Helix's latest innovation designed to automate your trades and provide liquidity within your specified range.

To learn more about TIA listing competition, read more here. To use LP Rewards and earn incentives, click here.

Levana Protocol Launches on Injective Mainnet

https://twitter.com/Levana_protocol/status/1707333613392388273

Levana Protocol has unveiled an all-new perpetual swap exchange on the Injective mainnet, offering real yield opportunities for liquidity providers, high leverage options, and risk-adjusted trading capabilities. Levana stands as a fully collateralized perpetual swaps protocol tailored for the Cosmos ecosystem, allowing traders to engage with up to 30x leverage while benefiting from low fees.

To mark this significant launch, Levana hosted a trading competition, inviting users to explore Injective's core exchange module, renowned for its exceptional on-chain orderbook and matching engine designed for leverage trading. Throughout the month, Levana expanded its offerings by introducing new perpetual markets, such as BNB/USDT and LINK/USDT, resulting in a surge in user participation and trading volumes.

As of now, Levana has exceeded a trading volume of over $18 million on the Injective mainnet, with plans to introduce additional new markets in the near future.

To trade on Levana’s perps DEX on Injective, click here. To watch a video tutorial on how to trade, click here. 

Highlighted Chain News

Injective Integrates Web3 Finance Data into Google Cloud BigQuery

https://twitter.com/Injective_/status/1716817125086765565

Injective introduced Injective Nexus: Injective’s official blockchain data integration and availability on Google Cloud, one of the leading providers of cloud computing services. Injective Nexus enables core chain data from Injective to be shared with the border mainstream world via BigQuery through the Analytics Hub, Google Cloud’s exclusive data sharing platform. 

Both developers and enterprises can interact with custom data sets across the Injective network such as transaction data. Institutions can utilize bespoke Injective datasets for various use cases, including building DeFi applications & machine learning.

DeFi

  • Mito, the first automated DeFi hub built on Injective, is open to all Injective users for early access with missions on the testnet to level up daily.¬†
  • Neptune Finance, a peer-to-peer lending protocol is live for early access on Injective testnet, bringing early users to test new dynamic interest rates, subaccount management, and cross-margin borrowing. A how-to article has been created to help users connect to the application and start climbing the leaderboard here.
  • Exotic Markets launched the first options infrastructure protocol on Injective with early access testnet. Learn more about how to get early access on Injective testnet here.¬†
  • Black Panther, Injective's decentralized asset management protocol, launched its liquidity bootstrapping event to reward early participants.
  • Hydro, an Injective-native LSD Protocol, is currently undergoing an audit to enhance the security of Hydro‚Äôs DeFi products and provide a better experience for Injective users.

NFT Fi

  • Dagora, a brand new NFT marketplace and launchpad, is live on the Injective mainnet while taking application submissions for innovative NFT projects, further continuing the growth of the NFT Fi ecosystem on Injective.¬†
  • Talis Protocol, an NFT marketplace on Injective, has achieved $1 million dollars traded amount since the arrival on Injective. In addition, Talis will launch its governance token $TALIS on November 3rd.
  • Blocksmith Labs is teaming up with an upcoming NFT marketplace Nebula to provide Injective users with a smooth pre & post-mint process.¬†
  • TFM, Injective‚Äôs very own NFT aggregator, is live with detailed analytics and sorting options about NFT collections on Injective with all-in-one place view.¬†
  • Quants, the first NFT collection to directly contribute to the INJ burn auction, will launch on November 11st.

Others

  • The public registration for .inj Domain Name, powered by SPACE ID 3.0 infrastructure, has been live for everyone. Talis has enabled .inj domain name trading on its platform.¬†
  • Ninja Blaze, a crypto-based gaming platform on Injective, announced its upcoming testnet launch on November 1st.¬†
  • The extension version of Ninji, the first native Injective wallet, is on its way.¬†
  • BitGo, the leading institutional custody and digital asset finance provider, has integrated Injective and offered native support for INJ token.
  • KAVA Proposal 165 was passed to incentivize Kava-issued native tether (USDt)‚Äôs adoption on Injective.
  • Injective validator Bware Labs introduced a new Injective mainnet faucet to help developers onboard.
  • Users can delegate tokens and check each validator‚Äôs status on the Injective Hub.

Injective Stats

  • Injective processed over 313 million on-chain transactions.
  • Injective produced over 49 million blocks on mainnet.
  • A total of 15,199 INJ was burned through weekly burn auctions in October, and a total of 5.77 million INJ has been burned to date with over 120 burns.
  • All exchange dApps built on Injective have achieved a cumulative trading volume of $13.4 billion since mainnet.
  • The total assets on Injective Chain reached over $1.11 billion.
  • The INJ staking APR on Injective is 16.16%, with over 44 million INJ staked.
  • Injective has become the fastest blockchain in the Cosmos ecosystem, with 0.8s block time on mainnet and 25,000 TPS.
  • The total gas fees paid by users on Injective to date is zero.
  • Injective hit over 400K followers on Twitter and 212K members in Discord.
  • The total trading volume on exchange dApps on Injective reached $856M in October, with its peak daily volume on October 23rd reaching $77M 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 26,930 to 34,256, marking a 27.1% rise. Solana (SOL) also showed significant growth, rising from 20.31 to 32.50, indicating a substantial 61.1% increase.
  • Over 2,000 Injective ambassadors have leveled up to the Warriors rank to build with the best community in Web3
  • Bojan Angjelkoski, tech lead of Injective Labs, had a keynote speech about Injective at xDay 2023 while talking about future collaboration with MultiversX.
  • An interview with Jenna Peterson, CEO of the Open DeFi Foundation, on topics about women in crypto and by Injective validator PostHuman
  • Twitter Spaces with Initia and Neutron, hosted by Binance Labs to discuss building on the Cosmos interchain¬†¬†
  • Community Call with Levana Protocol, a perpetuals exchange dApp that recently launched on Injective to bring real yield.¬†
  • October Community Call which covers a ton of news on recent and upcoming launches
  • A tutorial by Leap Wallet on how to register a .inj domain name with Leap‚Äôs dApp browser or mobile app
  • A tutorial on how to trade Celestia (TIA) market and earn rewards on Helix by Injective validator Stakecito
  • A thread on NFT infrastructure built on Injective including Talis Protocol, Dagora, Nebula and InjMarket
  • A thread about Injective Q3 2023 recap by Iryna from Injective validator Everstake
  • A thread on why Injective is a great choice for builders to create their apps by Injective validator Everstake
  • A thread by oxTochi explaining that the Injective inEVM and inSVM will be capable of achieving true composability across Solana and Cosmos
  • An infographic by Injective Now on Injective September recap
  • The September monthly newsletter by Injective
  • The Stride STRD airdrop for INJ stakers is claimable.

ūü•≥ Keep track of future updates on the Injective Discord, Twitter and Telegram.

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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The source of this news is from Injective

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