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The April Community Update: BUIDL Season

The April Community Update: BUIDL Season
Injective Labs
The April Community Update: BUIDL Season
     

April was a major BUIDL month for Injective. With the Injective Hackathon in full force, it comes as no surprise that building out the ecosystem was on everyone’s minds.

This month, Injective completed many meaningful integrations. From liquid staking with Stride, dual rewards on Astroport, integrating Polkadot with the Cosmos ecosystem for the first time, Solana applications migrating to Injective, to a Tencent Cloud collaboration, the Injective ecosystem and chain continued to grow, pushing out its mission to provide the leading decentralized network built for finance.

The Injective Hackathon also garnered a significant degree of attention, with multiple panels and workshops occurring each week, teaching new developers how to build their dApps on Injective. As the hackathon nears its end, May will see the fruits of April’s labor and we look forward to seeing a host of amazing projects join the Injective ecosystem.

For a recap of April, check out this highlight reel 👇

Highlighted News

Injective Releases Liquid Staking with Stride

Injective has launched liquid staking for the first time with Stride. With liquid staked INJ (stINJ), users can obtain staking rewards while also earning yield across DeFi (e.g. lending, trading), increasing utility for INJ as a whole.

To celebrate this launch, Stride is airdropping 100,000 STRD tokens to Injective stakers. Check here for more airdrop details.

Celer cBridge Integrates Injective to Enable Cross-Chain Asset Transfer

Celer has integrated Injective, bringing novel assets from a wide range of layer-1 and layer-2 networks into the Injective ecosystem.

With this integration, Injective now has one of the most extensive cross-chain connections among all blockchains in the industry.

Injective Integrates with Astar and Polkadot Assets

Once the Celer integration was complete, Injective was able to integrate Astar to enable support for ASTR assets to be bridged through cBridge. This integration not only allows native Polkadot assets to integrate with Injective but also strengthens its position as the primary gateway for cross-chain assets to enter the IBC world.

First Injective Global Virtual Hackathon Started

The Injective Global Virtual Hackathon, which kicked off on April 10th with a opening ceremony, has been highly anticipated and is the ultimate builder eent for creating next-generation DeFi applications. Supported by the Injective Ecosystem Venture Group, the four-week hackathon features five bounty programs with Wormhole, Pyth, Notifi, Eclipse and Frontrunner, as well as up to $1M in prizes and seed funding to further support builders!

Injective has also partnered with Tencent Cloud, the cloud business of global technology giant Tencent, to offer cloud credits to encourage more developers to participate in the hackathon.

To make sure you catch up on all Hackathon events, check out any one of the Twitter Spaces and workshops that have occurred since it started.

Injective hackathon panel sessions:

Technical workshops:

Injective Ecosystem Updates

Helix: More RWAs & PnL Card

As the Injective ecosystem continues to grow, Helix has become not only the largest on-chain orderbook DEX within the Cosmos ecosystem, but also the go-to destination for trading any on-chain asset with just one click.

With the integration of Pyth, synthetic assets like Gold (XAU) and Silver (XAG) have started appearing on the Helix testnet, and more truly decentralized RWAs (Real World Assets) powered by Injective are coming soon!

In addition to new listings available on testnet, Helix also pushed out a new feature - the PnL sharing card. The Profit and Loss (PnL) sharing card allows users to share the performance of any position or market with just a click of a button.

The new listings and features created the perfect environment to kick off a new user campaign with Aki Network, which helps onboard new users trade on Helix.

Get started on Helix:

  • Trade on Helix: Link
  • Trading guide: Link
  • Deposit assets with fiat currencies: Kado & Transak
  • Deposit assets via Injective Bridge: Link

Dual Rewards Live on Astroport

Since Astroport mainnet went live in March, an additional pool and more incentives were added, resulting in a surge of TVL that reached over $6.2 million by the end of April.

Injective liquidity providers (LPs) can now enjoy dual rewards on Astroport, as ASTRO and INJ rewards are now fully integrated into the yield breakdown.

Astroport has also added the stINJ-INJ pool with incentive rewards, in addition to the four existing pools: ASTRO-USDT, INJ-USDT, ATOM-USDT and USDC-USDT, which are still trending amongst users.

Get started on Astroport:

  • Check the latest rates and liquidity by selecting the Injective network: Link
  • You can find a step-by-step guide on how to start earning yield via Astroport here.

Frontrunner: Rewards Program & Referral Campaign

Last month, Frontrunner, the premier sports predictions market on Injective, launched their app for both iOS and Android users, which has already garnered 1,000 downloads!

On the technical side, Frontrunner is developing a new open-source SDK that will enable a wide range of programmatic bettors to integrate seamlessly with Injective and Frontrunner, allowing them to submit orders in the betting markets and make bets in minutes.

In addition, Frontrunner released two programs this month:

  1. A Rewards Program that allows users to climb the leaderboard and compete for rewards
  2. A Referral Campaign that rewards users for referring new users to make trades on Frontrunner. The more they refer, the more they earn.

Download the app to participate in the campaign:

  • Download the app on iOS: Link
  • Download the app on Android: Link

Apollo Safe Deployed MultiSig Protocol on Injective

Apollo Safe is a multisig protocol powered by CosmWasm smart contracts that deployed on the Injective mainnet to empower builders, dApps and DAOs to create secure and well-managed multisig wallets on Injective.

To get your multisig wallet, please head to the Apollo Safe website and choose Injective. You can either create a new multisig wallet, or add to an existing multisig wallet by entering the CW3 address and name.

Talis Begins to Create the First NFT Marketplace on Injective

The Injective ecosystem is set to see the financialization of NFTs with the arrival of Talis, a user-friendly platform for minting, auctioning, and transacting NFTs. Talis is now seeking to deploy its smart contracts on Injective, leveraging one of the fastest chains in existence to further enhance its functionality.

Black Panther Brings Yield Strategies to Injective

Black Panther, an interchain asset management protocol, is developing a new dApp on the Injective network to create real yield strategies. These strategies will utilize on-chain gride bots to interact with AMMs like Astroport and White Whale, which will bring in new users and more liquidity into the Injective ecosystem.

Black Panther will demo their project during the Injective Hackathon’s Demo Day, so be sure to stay tuned for updates.

Parallel Launched on Injective

Injective has welcomed another new decentralized exchange to its ecosystem - Parallel!

This new exchange will also be included in Injective’s weekly burn auction, in which 60% of fees collected from all exchange dApps are burned in a weekly auction. The burn auction is fully community-led and helps accrue value for the entire Injective ecosystem. More exchange dApps built on Injective will lead to more fees accrued and burned!

Bonfida Deployment Incoming

With the recent launch of Cascade, the first SVM rollup within the larger IBC ecosystem, Bonfida has announced that it is planning on deploying testnet smart contracts on Injective.

More to come soon!

Injective Chain Updates

Integrations with Injective

In April, Injective continued to broaden its reach with multiple partnerships, achieving higher levels of interoperability and reaching mass adoption.

  • Market data provider Pyth is migrating to the Injective mainnet to enable users to access both crypto and RWAs data seamlessly.
  • Messaging infrastructure Notifi integrated with Injective to enable dApps built on Injective to provide instant user notifications and alerts.
  • Kraken Exchange, one of the largest exchanges in the world with over 10 million users, integrated the Injective mainnet.
  • Fiat on/off ramp solution, Transak, integrated Injective to allow users to onboard into the Injective ecosystem with over 150 fiat currencies.
  • The pro-trading terminal for Cosmos, TFM, integrated to enable users to transfer assets between Injective and other layer-1 chains in the Cosmos ecosystem.
  • Leading cross-chain decentralized oracle Band Protocol included INJ on the Band standard dataset. Developers can now easily integrate INJ token data from Band into their applications for enhanced functionality.

New Validators Join Injective

Injective welcomed new validators Double Top, Bware Labs, and SCV Security into the Injective ecosystem in April. These new validators, along with existing ones, can be viewed on the Injective Hub where users can also delegate tokens to them.

Staking INJ on Injective Hub can help secure Injective’s PoS network and is a great way to potentially earn APY and new rewards, including exclusive airdrops! View the INJ staking tutorial guide showcasing how to get started by using MetaMask wallet and Keplr wallet.

In addition, Atomic wallet, which has over 5 million users, also supports Injective staking to further decentralize the network.

April Injective Stats

  • Injective processed over 207 million on-chain transactions.
  • Injective produced over 32 million blocks on mainnet.
  • A total of 5,375 INJ was burned through weekly burn auctions in April, and a total of 5.68 million INJ has been burned to date.
  • All exchange dApps built on Injective have achieved a cumulative trading volume of $9.27 billion since mainnet.
  • The TVL (Total Value Locked) on Injective Chain reached over $496 million.
  • The INJ staking APR on Injective is 16.09%, with over 36 million INJ staked.
  • Injective has become the fastest blockchain in the Cosmos ecosystem, with 1.1 block time on mainnet and 25,000 TPS.

Injective Community Updates

Ninja Ambassadors Update

The Injective Ninja Ambassador Program has attracted almost 30,000 ninjas since its launch over two months ago, with new ninjas advancing in the program daily, resulting in 713 Warriors and 142 Knights so far!

To foster community growth and engagement, the Injective Labs team organized a special community call at the end of April, where Knights and Lords were invited to join and participate During the call, the team shared the latest updates about the Injective ecosystem, discussed strategies for growing regional communities, and answered ambassador questions.

Lords were also recently whitelisted to receive first access to the highly anticipated Project X!

The Injective community has expanded around the world with 19 regional communities, including Chinese, Korean, Vietnamese, Indonesian, Spanish, Turkish, Portuguese, Italian, Russian, Ukrainian, Polish, Greek, German, Nigerian, Arabic, French, Indian, Sri Lankan, and Kenyan communities!

Join the Discord now to level up and unlock new benefits and perks if you haven’t done that already! Please be sure to read the complete program details here. The guide will serve as a handy tool for you and provides an overview of all program components.

Twitter Spaces

The Injective Labs team joined a few Twitter Spaces during the month of April to discuss the latest contributions to Injective, speak to ecosystem partners and provide commentary on the current industry.

Here is a roundup of the shows and Twitter Spaces from April:

Buzzworthy Community News:

Injective will join AwesomWasm this July in Berlin as a sponsor. Register now and hack your way to success.

  • Injective sponsors Delphi Labs’ Cosmos hackathon and provides $50,000 in prizes.
  • Injective Labs CEO Eric Chen gave a talk on DeFi and Injective’s pioneering work at the Pantera Capital summit. He also joined the DeFi Works Great panel with panelists from 0xProject, OndoFinance and Cega.
  • Injective co-hosted the first Inter-City Cosmos Meetup with Delphi Labs and Osmosis in Brooklyn and San Francisco.
  • Injective Labs head of project Chris Choi joined the panel discussion at an event hosted by HashKey Pro during Hong Kong Web3 Festival with panelists from Coinbase, OKX Ventures and Parallel Finance.
  • Injective Labs BD associate Cooper Emmons delivered a speech on "Leveraging Interoperable Blockchain Infrastructure with Injective" at EVMNext workshop in Austin
  • Injective Labs team hosted a community call to dive into the latest integrations, hackathon, and the recent promotions in the Injective ambassador program.
  • A thread about Injective and Eclipse launched the first Solana SVM rollup Cascade by Injective validator Double Top
  • An infographic about liquid staked INJ (stINJ) walkthrough by Iryna from Injecitve validator Everstake
  • A video tutorial guide on how to stake INJ using Keplr wallet by Injective validator 01node
  • A learn and earn quiz competition by Injective validator 01node
  • A thread on why stake INJ and FAQ by Iryna from Injective validator Everstake
  • A video guide on how to stake INJ with one phone and one app by Injective ambassador Hakmer
  • An infographic on Injective March monthly highlights by Cosmos Allday
  • A thread on a comprehensive introduction of Injective by Unagii
  • A comparison infographic on time to finality of popular blockchains by Cosmos Allday
  • A deep dive thread on Injective overview by Crypto Hub
  • A explanatory thread and infographic on Injective for Web3 finance by Injective Daily
  • A thread on 5 reasons why you should build dApps on Injective by D.CPleb

🥳 Keep track of future updates on the Injective Discord, Twitter and Telegram.

About Injective

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.

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