Evgen_by | Injective

Posted on Nov 09, 2023Read on Mirror.xyz

The October Community Update

Highlights of Injective's October 2023 updates:

Injective launches Illuminate hackathon with support from Google Cloud. The Illuminate hackathon, with $100,000 in prize money, serves as the main launchpad for Web3 financial applications.

Helix launches trading bot and first pre-futures. Helix has introduced an exciting new feature: trading bots that are now available for some spot markets. Helix has also expanded its portfolio by introducing Pre-Launch Futures with the first Celestia (TIA) listing.

Levana Protocol launches on Injective Mainnet. Levana Protocol introduced an all-new perpetual swaps exchange on the Injective network, offering real profit opportunities for liquidity providers, high leverage options and risk-adjusted trading opportunities.

Injective integrates Web3 financial data into Google Cloud BigQuery. Injective Nexus enables core blockchain data from Injective to the mainstream world via BigQuery via Analytics Hub, Google Cloud's exclusive data sharing platform.

Ecosystem updates:

DeFi: Mito, DeFi's first automated hub built on Injective, is open for early access with missions in the test network for daily level ups.

Neptune Finance, a peer-to-peer lending protocol, is available for early access on Injective's test network.

Exotic Markets launched the first options infrastructure protocol on Injective with an early access test network.

Black Panther, Injective's decentralized asset management protocol, launched an initial liquidity bootstrapping event to reward the first participants.

Hydro, Injective's proprietary LSD protocol, is currently being audited.

NFT-Fi:

Dagora, a brand new NFT trading platform and launchpad, is live on the Injective network.

Talis Protocol, an NFT trading platform on Injective, has reached $1 million in trades since its introduction on Injective. Blocksmith Labs is teaming up with future NFT trading platform Nebula to give Injective users a smooth pre- and post-release process.

TFM, Injective's own NFT aggregator, runs detailed analytics and sorting options for NFT collections on Injective with universal location browsing.

Quants, the first NFT collection to directly participate in INJ's burn auction, will launch on November 11.

Others:

Public registration of the .inj domain name is available to all.

Ninja Blaze, a cryptocurrency-based gaming platform on Injective, announced an upcoming test network launch on Nov. 1.

An extension version of Ninji, Injective's first proprietary wallet, is on the way.

Blockchain Updates:

BitGo, a leading institutional provider of depository services and digital asset finance, has integrated Injective and offered native support for the INJ token.

The KAVA 165 offering was accepted to incentivize the adoption of the Kava issued Native Tether (USDt) on Injective.

Injective validator Bware Labs introduced a new Injective core network builder to help developers get up and running.

Users can delegate tokens and check the status of each validator in the Injective Hub.

Injective Statistics:

Injective has processed over 313 million network transactions. Injective has produced over 49 million blocks on the network. In October, a total of 15,199 INJs were burned during the weekly burn auctions. The cumulative trading volume of all exchange applications built on Injective has reached $13.4 billion since the inception of the core network. Injective Chain's total assets have reached more than $1.11 billion. INJ's annualized interest rate on Injective is 16.16%. Injective has become the fastest blockchain in the Cosmos ecosystem. The total amount of gas fees paid by Injective users to date is zero. Injective has over 400,000 users.

Overall conclusions:

October was a successful month for Injective as the ecosystem continued to grow and evolve. The company introduced a number of new features and products that caught the attention of the community and institutional investors