Injective ecosystem updates

September 2023

Helix, the leading DEX order registrar on Injective, has further diversified its offerings by introducing the Oraichain (ORAI) and NEOKingdom DAO (NEOK) spot markets.

Levana Protocol launched a brand new perpetual swaps exchange on Injective's network, including real yield for LPs, high leverage and risk-adjusted trading.

Mito, the first automated DeFi hub built on Injective, is open to all NFT Early Access Pass and Zen NFT holders, and LSD vaults live on its test network to increase your yield on tokens delivered.

Hydro, Injective's LSD-based protocol, released its test network in stages during September with a total of 30.8 wallets participating.

The Injscribed Punks team introduced the first lottery platform on the Injective network.

The first in-house Injective wallet, Ninji, is coming soon.

Analysis

Injective's ecosystem updates for September 2023 show steady growth and development. Helix continues to expand its offerings by adding new spot markets, making it more attractive to traders. Levana Protocol launched a new perpetual swaps exchange that offers new trading and profit opportunities. Mito, the first automated DeFi center on Injective, is now available to all users, opening up new opportunities for DeFi activity. Hydro, the LSD protocol based on Injective, continues to evolve and its test network is attracting more users. Injscribed Punks introduced the first lottery platform on the Injective network, which offers new ways for users to earn money. Ninji, the first proprietary Injective wallet, is getting ready to launch, which will make it easier to interact with Injective's protocols and applications.

Conclusions

Injective's ecosystem updates for September 2023 demonstrate that the project continues to evolve and grow. New products and services are making Injective more appealing to users, which can contribute to further growth of the ecosystem.