The August Community Update: INJ 2.0 Launch, Helix Institutional, and Mito Early Access Entry!

The August Community Update: INJ 2.0 Launch, Helix Institutional, and Mito Early Access Entry!
The August Community Update: INJ 2.0 Launch, Helix Institutional, and Mito Early Access Entry!

This month, there were foundational developments, collaborations and upgrades within the Injective ecosystem, creating ripple effects throughout the community and beyond.

First, Helix Institutional was launched in the month of August, marking the start of a brand new trading portal custom-built for financial organizations. This can help increase both institutional capital inflow and on-chain activity within the Injective ecosystem.

Second, Injective released its largest tokenomics upgrade yet with INJ 2.0. With this upgrade, all dApps built on Injective can now contribute to the INJ burn auction and with no limit.

These large strides were also fortified with the many new integrations and upgrades from dApps on Injective, including, but not limited to, Mito opening the first RWA vault and accepting the first few waves of early access users, Trust Wallet integrating with Injective and Side Protocol also integrating to unlock a seamless mesh liquidity network.

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

Highlighted Ecosystem News

INJ Domain Name Pre-Registration

Leveraging the SPACE ID 3.0 infrastructure, Injective is launching the first-ever ever native .inj domains! This marks the advent of a decentralized naming system, poised to seamlessly integrate with the expansive Injective ecosystem and its diverse range of dApps.

In the month of August, numerous quests on Galxe were conducted, offering participants an opportunity to secure exclusive access for pre-registering their unique domain names. As we look to September, we are on the verge of revealing comprehensive insights into the pre-registration process and its accompanying regulations. Stay tuned and prepare to claim your coveted .inj domain name in the near future!

Helix Institutional Launch & Market Listings

Following the successful launch of the Helix Swap feature in July, which empowers users to effortlessly swap assets with a single click, Helix initiated the inaugural Helix Swap Trading Competition. This competition was designed to provide users with a firsthand experience of the swiftest swaps, enriched by deep liquidity and the most competitive fees in the market.

Helix consistently presents users with a diverse selection of markets, including both popular and exclusive options that cannot be found elsewhere. In August, Helix further diversified its offerings by introducing the first-ever liquid staked token market, stINJ/INJ spot market, as well as the pioneering decentralized on-chain SEI (Sei) perpetual market.

In addition to these developments, Helix Institutional has been launched, heralding the introduction of a tailor-made trading portal exclusively designed for financial institutions. This cutting-edge platform facilitates the trading of derivatives, real-world assets (RWAs), indices, and a wide array of financial instruments within a fully permissioned environment.

For more information, please visit Helix Institutional.

Mito Early Access Opens

Mito, a collection of automated trading vaults driven by Web3 smart contracts, granted Early Access NFT holders access to its testnet on multiple occasions throughout August. Within Mito's ecosystem, you will encounter "Missions," an engaging method for users to accumulate points through daily challenges designed to rigorously test the network's capabilities.

In addition to offering an array of cryptocurrency asset vaults, Mito proudly introduced its pioneering Real World Asset (RWA) vault. This innovative vault empowers users to generate passive yields from gold, enhance rewards through staking, and access a host of other benefits.

With an early access whitelist boasting over 50,000 users, Mito has plans to periodically open its gates to all Early Access NFT holders. To stay informed about the latest developments, be sure to follow Mito on Twitter for timely updates and announcements.

To keep up to date on Mito, follow along on Twitter.
To join Mito Missions, click here.

Discover Tali: Get Ready For $TALIS

Talis, the pioneering NFT marketplace constructed on the Injective platform, has embarked on collaborations with a myriad of captivating NFT collections for their launches. During the month of August, Talis rolled out an array of four potent features aimed at enhancing the user experience. These include collection offers, token offers, ranks, and activity functionalities.

In addition to these exciting beta features, Talis introduced the TALIS token, highlighting its utility in a comprehensive blog post. Owning TALIS tokens grants users access to a wide spectrum of benefits, ranging from receiving rewards through fee redistribution to actively participating in platform governance decisions.

To explore the current collections and trending artists, please visit here.

Highlighted Chain News

INJ 2.0 Launch

Injective has unveiled its most extensive tokenomics enhancement to date, designed to enable all dApps operating on the Injective platform to partake in INJ burn auctions without any constraints on the proportion of their fees they opt to burn. This significant development promises to fortify the on-chain economy underpinned by INJ, as burn auctions can now harness value from all the diverse dApps within the burgeoning and dynamic Injective ecosystem.

To learn more on the Injective token burn upgrade, click here.

Injective Governance Upgrade

The revamped Injective governance page

Injective has introduced a completely redesigned governance interface, marking the dawn of a fresh era characterized by enhanced and seamless coordination across the network. This revamped page now offers dApps and users the convenience of engaging in governance effortlessly, thanks to the inclusion of specific tags such as "WASM" or "Upgrade" for swift navigation through proposals.

The new governance page serves as a direct extension of INJ 2.0's vision, striving to position Injective as a Layer 1 network suitable for a wide spectrum of financial use cases, thereby expanding its relevance and applicability in the realm of global finance.

To learn more on the Injective governance upgrade, click here.
To participate in governance, click here.

Full List of Injective Updates

Ecosystem Updates:

  • Black Panther, the asset management protocol on Injective, wrapped up its “Injective in Borderland” testnet challenge and announced the Airdrop Phase One.
  • Elixir started a Galxe campaign featuring Injective to unlock special perks for holders. As Elixir is integrating with Injective to allow anyone to supply liquidity to orderbook pairs and earn incentives via the Open Liquidity Program, campaign participants will have the early access opportunity to pools.
  • Astroport deployed limit orders on the Injective mainnet, allowing users to set their desired price to buy or sell.
  • NFT gaming projects starting to appear in the Injective ecosystem, such as The InjHallas, which hosts weekly game with rewards.

Chain Updates:

  • Injective developer docs have been revamped to include how to launch your very own native token on Injective
  • Injective Improvement Proposal 246 has passed, revamping the VIP fee program for exchange dApps on Injective. More institutions and individuals could easily integrate with Injective which in turn can increase long term on-chain activity and growth.
  • Injective validator Bware Labs, introduced INJ faucet service on testnet. Anyone can input his/her Injective wallet address, press “Claim” and get testnet INJ tokens.
  • Trust Wallet, one of the largest non-custodial wallets with over 60 million users, has integrated the Injective mainnet. Users can access dApps built on Injective with Trust Wallet on desktop or mobile, while also being able to stake and transfer INJ.
  • Nabox, a decentralized wallet provider with over 300,000 downloads in the last month alone, has integrated Injective, enabling both native asset transfer and staking.
  • Side Protocol has integrated Injective, bringing a novel cross-chain atomic asset exchange into the ecosystem. The integration is currently live on the Injective testnet, enabling a seamless mesh liquidity network.
  • A few new validators onboarded to Injective in August. The new additions include Black Panther and Trust Nodes. Users can delegate tokens and check each validator’s status on the Injective Hub.

Injective Stats:

  • Injective processed over 276 million on-chain transactions.
  • Injective produced over 43 million blocks on mainnet.
  • A total of 17,072 INJ was burned through weekly burn auctions in August, and a total of 5.74 million INJ has been burned to date with over 112 times of burns.
  • All exchange dApps built on Injective have achieved a cumulative trading volume of $12.2 billion since mainnet.
  • The total assets on Injective Chain reached over $502 million.
  • The INJ staking APR on Injective is 16.29%, with over 42 million INJ staked.
  • Injective has become one of the fastest blockchains ever built, with 0.8s block time on mainnet and 25,000 TPS.
  • The total gas fees paid by users on Injective to date is zero.
  • Injective hit over 369K followers on Twitter and 185K members on Discord.
  • The total trading volume on exchange dApps on Injective reached $400M in August, with its peak daily volume on August 17th reaching $39M volume. The most liquid markets are BTC and ETH perpetuals.

Community Updates:

  • Twitter Spaces hosted by Espresso Systems to dive deeper into the collaboration with Injective
  • Twitter Spaces with SPACE ID to discuss the Injective name service launch and how to get your personalized .inj domain
  • Twitter Spaces with 01node validator to share insights about Injective
  • An Injective community call with Black Panther and Hydro Protocol to discuss their latest developments, growth and upcoming launches
  • An infographic on Injective July recap by Cosmos Allday
  • An infographic about how Injective auction works by Kayo, Injective Master ambassador
  • A recap article of conferences that the Injective Labs team attended in July in Europe, covering highlights from AwesomWasm, ETHCC, Modular Summit and Nebular Summit
  • Injective Labs co-founder and CEO Eric will be giving a keynote presentation at Token2049 event.
  • The Injective Labs team will host the largest Injective Asia event, Injective Asia Night, during Token 2049.
  • A thread on the exploding Injective NFT ecosystem by Leap wallet
  • An interview blog about Injective’s mission and community by CoinRabbit
  • A deep dive thread on Injective’s largest tokenomics upgrade by Cosmos Daily
  • Injective token hit AltRank #1 out of the top 4,470 coins across the market according to LunarCrush
  • A weekly round-up recap by Injective validator Helios Staking
  • The Injective Thai community is growing and the Injective website is available in Thai.
  • Injective Labs released a fresh new website covering mission, team and careers.
  • NOWNodes released an integration report to help builders obtain instant access to Injective Full Node to build on Injective.

🥳 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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