September witnessed a flurry of groundbreaking initiatives from Injective, firmly establishing its leadership in the Web3 finance landscape. Among the many achievements, one standout launch was the introduction of inEVM, an innovative feature enabling Ethereum applications to seamlessly operate on the Injective network. This move, along with various other integrations and ecosystem advancements, has propelled Injective to new heights.
Innovative inEVM Launch
Injective's introduction of inEVM represents a milestone in interoperability. This feature empowers Ethereum applications with the ability to function seamlessly within the Injective network. Developed in collaboration with Caldera, a L2 rollup infrastructure platform, inEVM opens up exciting opportunities for Ethereum developers to expand their protocols' reach globally.
This launch comes hot on the heels of Injective's earlier release of inSVM (formerly known as "Cascade"), the first Solana Virtual Machine (SVM) rollup solution integrated into the broader IBC ecosystem. The multi-VM development environment on Injective allows developers to work across various tech stacks, code in Solidity or Rust, and create a new future for Web3.
Asia Expansion and Influence
Injective made a significant impact in Asia during September by actively participating in two prominent events: Korea Blockchain Week and Token2049 in Singapore. Chris Choi, Head of Product at Injective Labs, played a pivotal role in conducting a major technical developer workshop in collaboration with Hashed and DSRV, engaging local builders and fostering technical expertise within the blockchain community.
Eric Chen, CEO and co-founder of Injective Labs, took center stage at Token2049, unveiling distinctive infrastructure and cutting-edge protocols, including Mito, under development on the Injective platform. The Injective team also hosted the successful Injective Asia Night event, demonstrating its growing influence in the region.
Black Panther on Mainnet
The Black Panther asset management protocol, operational on Injective's mainnet, offers grid bots for BTC, ETH, and INJ perpetuals. With a trading APY of over 40% from market volatility, users can now access Black Panther's mainnet, deposit USDT to vaults, and earn passive yield. Integration with Helix allows trading bots to place limit orders on the Injective order book through smart contracts, enabling various trading strategies.
Ecosystem and Chain Updates
Injective's ecosystem continues to thrive with various updates, including new markets on Helix, Levana Protocol's launch on the mainnet, Mito's early access, and more. Injective has also forged partnerships and integrations with Klaytn, Bitkub, Noble, Circle, 1RPC, Apello, Coinhall, Akash Network, and Station Wallet, among others.
The statistics speak volumes about Injective's growth: over 292 million on-chain transactions processed, 46 million blocks produced on the mainnet, 15,127 INJ burned in September, and a cumulative trading volume of $12.6 billion on exchange dApps since mainnet. The INJ staking APR stands at 15.94%, with over 44 million INJ staked.
Injective's rapidly expanding community, with over 390K Twitter followers and 204K Discord members, attests to its growing influence in the Web3 finance landscape.
In summary, Injective's September achievements mark a significant step forward in the evolution of Web3 finance. With innovative features like inEVM, expansion in Asia, and the successful launch of Black Panther, Injective continues to push the boundaries of what's possible in the world of decentralized finance. Its thriving ecosystem and growing community further solidify its position as a leader in the space. $INJ
