Another significant milestone for the $INJ ecosystem.
The first ever INJ Staked ETF, INJC, has been approved for listing on NASDAQ.
This is important because of a number of reasons.
1. Firstly, it provides a new regulated investment product that allows traditional investors to invest in $INJ without having to manage crypto assets themselves.
2. Secondly, the ETF will focus on staking 90% of institutional holdings. This adds another dimension of exposure to the stake and links between the institution with the stake economy.
1. The institutionalization of digital assets is ongoing, and products such as INJC can ease the transition for investors who prefer traditional financial markets.
2. This is another move that will hopefully help bridge the gap between blockchain assets and traditional finance for Injective.
We've seen the ecosystem expand across tokenized assets, institutional partnerships and onchain financial products.
The introduction of a staked ETF listed on the NASDAQ is another key milestone on that path.
More and more, $INJ is being seen in traditional finance, and I'm looking forward to the next steps.
AI compute is a new financial market on @Injective and $SICI is at the core of it.
$INJ has taken it a step higher by introducing onchain options markets for $SICI in addition to perpetual markets with up to 10x leverage, introducing the Super Intelligence Compute Index.
So how is this significant?
AI Infrastructure is expanding fast. From model training to inference and autonomous agents, computing power is fundamental across the entire field of model training, inference, and autonomous agents, but the market for renting GPUs is still divided among hardware and providers.
$SICI combines the price of 5 NVIDIA GPU rentals into a diversified index:
The index allows stakeholders to monitor and trade the economic aspects of AI infrastructure onchain with the help of hourly data from compute marketplaces.
These are now complemented by perpetuals and options, providing additional opportunities for users to have access to compute prices, handle risk and create new financial products around this new market.
This also follows Injective's previous collaborations with the H100 rental market, as well as their index and pre-IPO perpetuals for companies such as Anthropic, SpaceX and OpenAI.
What's happening in the big picture is interesting.
Injective has been the first to provide exposure to companies developing AI onchain. Now it is making these infrastructure costs come onchain as well.
With the continued development of AI and autonomous agents, new markets will emerge.
The next chapter is where financial infrastructure is being developed to support Injective.
The price of AI compute is now a market on $INJ , and that was only the beginning of the week.
From launching $SICI to bringing options infrastructure onchain, opening applications for the first @Injective Hacker House and expanding the ecosystem, there was plenty to catch up on.
These are some of the developments that stood out to me.
1. AI compute becomes tradable
The Super Intelligence Compute Index ($SICI) is now live as perpetual markets, tracking a diversified index of NVIDIA GPU rental prices with up to 10x leverage.
2. Injective Options goes live on testnet
Fully collateralized call options are now available, with initial markets focused on indices and commodities. Developers can also use the infrastructure to build their own white label options protocols.
3. Hacker House applications are open
Injective is bringing 20 teams to Bangkok from December 1–10 to build RWA, privacy and agentic applications. Partners include awscloud, Animoca Brands, SMBC Nikko, $TAO and Gulf Labs. Applications close November 10.
4. More activity across the ecosystem
The Community BuyBack has brought total $INJ burned close to 7.3 million. The first Stockdrop is also live, giving eligible participants access to tokenized stocks on @Solana Official .
The Trench Treasury acquired 5% of $RUNNER, while RunUp continues expanding its reach.
A few numbers worth noting:
- 2.3K code commits in 30 days, ranking #3 among L1s. - $417M traded on Injective exchange dApps in seven days. - $84.6B cumulative exchange volume. - 12.7M USDC migrated to Injective.
There were also new developments around sLINJ on ChoiceXchange, private payments through TryNoxApp Pay Links, and more ways to use $INJ across the ecosystem.
AI compute got a market, and options followed a day later. That's the kind of progress worth paying attention to.
Builders, the Hacker House deadline is November 10. Start building and get your application in.
The price of AI compute is now a market on $INJ , and that was only the beginning of the week.
From launching $SICI to bringing options infrastructure onchain, opening applications for the first @Injective Hacker House and expanding the ecosystem, there was plenty to catch up on.
These are some of the developments that stood out to me.
1. AI compute becomes tradable
The Super Intelligence Compute Index ($SICI) is now live as perpetual markets, tracking a diversified index of NVIDIA GPU rental prices with up to 10x leverage.
2. Injective Options goes live on testnet
Fully collateralized call options are now available, with initial markets focused on indices and commodities. Developers can also use the infrastructure to build their own white label options protocols.
3. Hacker House applications are open
Injective is bringing 20 teams to Bangkok from December 1–10 to build RWA, privacy and agentic applications. Partners include awscloud, Animoca Brands, SMBC Nikko, $TAO and Gulf Labs. Applications close November 10.
4. More activity across the ecosystem
The Community BuyBack has brought total $INJ burned close to 7.3 million. The first Stockdrop is also live, giving eligible participants access to tokenized stocks on @Solana Official .
The Trench Treasury acquired 5% of $RUNNER, while RunUp continues expanding its reach.
A few numbers worth noting:
- 2.3K code commits in 30 days, ranking #3 among L1s. - $417M traded on Injective exchange dApps in seven days. - $84.6B cumulative exchange volume. - 12.7M USDC migrated to Injective.
There were also new developments around sLINJ on ChoiceXchange, private payments through TryNoxApp Pay Links, and more ways to use $INJ across the ecosystem.
AI compute got a market, and options followed a day later. That's the kind of progress worth paying attention to.
Builders, the Hacker House deadline is November 10. Start building and get your application in.