As we bid farewell to 2023, it’s impossible not to marvel at the remarkable journey that has unfolded for Injective throughout the past year. Injective continued to surge ahead faster than ever before, marking yet another year of extraordinary achievements.
From groundbreaking technological milestones, to the rapidly growing ecosystem, and the vibrant ninja community, 2023 is a year that will forever be remembered in the neverending epic story of Injective.
Key Milestones in 2023
There were many significant achievements across Injective, the Injective ecosystem, and the larger community.
2023 saw the launch of both Injective’s inEVM and inSVM rollup environments, which would forever redefine the industry as a whole. Injective is now the only chain to support WASM, EVM and SVM development environments. The launch of a multi-VM developer environment showcased Injective's dedication to expanding its network's capabilities while simultaneously increasing its compatibility across Ethereum, Cosmos and Solana.
These advancements have been instrumental in unifying diverse blockchain environments into one chain, allowing developers to deploy their smart contracts on Injective, significantly boosting the potential for a wider range of financial applications. As a result, Injective has attracted a varied group of developers and users, reinforcing its position as a leader in blockchain innovation.
Amidst a wave of new developments, Google Cloud recognized Injective’s immense momentum and facilitated the integration of Injective's blockchain data via Injective Nexus. This provides unique access to specialized datasets on the network for both developers and enterprises, including essential data for building various applications, such as DeFi platforms, AI models and advanced trading strategies.
Google Cloud's BigQuery datasets are typically limited to leading blockchains, with networks such as Bitcoin and Ethereum being some of the select few. Injective is now part of this elite group, offering expanded opportunities for data utilization and application development on the fastest L1 built for finance.
Within the Injective ecosystem, it was an extremely successful year for all dApps. Injective saw growth across all realms of Web3 finance including DeFi, NFT Fi, RWAs, Game Fi and more. A few highlights include Helix, Mito and Talis Protocol. Helix introduced the innovative Pre-Launch Futures, which focuses on tokens not yet listed on public exchanges, democratizing access to pre-launch assets. Mito was officially unveiled and launched on the Injective testnet. Its automated vaults and launchpad product became available to whitelisted users, with Launchpad voting just going into effect this last week of the year. Finally, Talis Protocol, the leading NFT marketplace on Injective, achieved a major milestone by launching on mainnet, seeing over 265,000 NFTs created and becoming one of the leading NFT protocols in all of crypto.
Institutional and enterprise adoption for Injective continued to grow as well. For instance, Injective became one of the only chains to support Ondo’s tokenized treasuries, enabling eligible users to access TradFi yield opportunities entirely on-chain. Major traditional finance institutions joined efforts such as Helix Institutional, further enhancing the shared liquidity environment across the Injective ecosystem.
With all these new developments, it only became natural to see a significant increase in the total number of users and active wallet addresses on Injective. Active wallet addresses skyrocketed from 14,000 to over 290,000. Additionally, the total number of transactions surged, reaching over 390,000,000 up from 140,000,000 at the end of 2022. Now, over 47 million INJ tokens are staked, making Injective one of the largest L1 networks ever created.
These developments not only showcase Injective's significant growth in terms of numbers, but also emphasize the deepening trust and engagement within the community. With the newly launched Ninja Ambassador program, the community has been more active than ever, with over 200,000 Ninjas joining to share in Injective’s mission to reshape the financial industry.
As Injective moves into 2024, reflecting on the remarkable journey and achievements of the past year is essential. The progress made is not only a testament to how far Injective has advanced, but also a milestone of the vast possibilities that lie ahead. The gratitude extends to everyone who has been part of the Injective ecosystem during this period of significant growth.
As we stand at the threshold of 2024, prepare for an even more exhilarating journey ahead. Injective is just getting started, and the upcoming year promises to bring the entire ecosystem to new heights of growth and adoption in the realm of Web3 finance.
Injective 2023 Milestones
Although the following highlights do not capture the entirety of Injective's remarkable accomplishments, they represent some of the key achievements made by the Injective community in 2023.
Ecosystem | Astroport Beta Launched on Injective
Community | The Ninja Masters Ambassador Program Launched
Integrations | Cascade Launched: First Ever Interchain Solana SVM Rollup
Ecosystem | Astroport Mainnet Launched on Injective
Ecosystem | Galaxy Joins Injective as a Validator
Integrations | Injective Released Liquid Staking with Stride
Integrations | Transak Integrated Injective to Expand Global Access for INJ
Integrations | Pyth Mainnet Launched on Injective
Integrations | Open Liquidity Program (OLP) Launched
Ecosystem | Helix Crossed $10 Billion Volume Milestone
Ecosystem | Helix Launched Swap
Integrations | INJ 2.0 Launched
Ecosystem | Helix Institutional Launched
Ecosystem | Black Panther Launched on Injective Mainnet
Community | Injective’s Participation at Token2049 Singapore
Ecosystem | Levana Protocol Launched on Injective mainnet
Ecosystem | Mito Launched its Launchpad on Testnet
Ecosystem | Helix Launched LP Rewards & Helix Guilds
Ecosystem | The First Ever Mito Launchpad Vote
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.