The May Community Update: New Releases, Helix 2.0 and More

Injective -

Injective has once again proven its leadership in the DeFi sector through continuous advancements and innovative launches. This month brought huge achievements, and these developments highlight yet another series of impressive accomplishments in the Injective ecosystem.

In May, a significant advancement occurred with the integration of Injective and Arbitrum, marking a major step forward in interoperable EVM infrastructure. This collaboration between Injective and Arbitrum elevates transaction throughput and efficiency for inEVM, creating a more versatile platform for developers and users. The improved infrastructure offers users a more seamless, responsive, and cohesive experience, highlighting Injective's commitment to innovation and excellence.

Another major milestone in May was the launch of Helix 2.0, introducing a wholly new and improved experience for the decentralized exchange. This upgrade brings a host of enhanced trading features and integrates RWAs further into the platform, opening up new opportunities for users while providing a more comprehensive, dynamic, and versatile environment for trading and asset management.

Highlighted Ecosystem News

Arbitrum inEVM Integration

The integration of Injective with Arbitrum represents a groundbreaking advancement in the industry, pioneering novel interoperable EVM infrastructure. This collaboration ushers in a new era of decentralized application development, significantly boosting efficiency, scalability, and cross-chain compatibility. 

This integration is particularly novel for its ability to merge the strengths of Injective and Arbitrum, creating a cohesive platform that leverages the best attributes of both ecosystems. The advanced architecture of this combined infrastructure enhances development processes, expands application potential, and streamlines blockchain interactions. These improvements aim to make decentralized finance more accessible, efficient, and versatile, catering to a wide range of user requirements and preferences.

With the Arbitrum integration, Injective is not only advancing its own ecosystem but also contributing to the creation of a more unified and efficient blockchain infrastructure. This development signifies a major step towards achieving a fully interoperable and high-performing decentralized finance landscape, underscoring Injective's dedication to innovation and its crucial role in the progression of blockchain technology.

Helix 2.0 Launch

The launch of Helix 2.0 signifies a significant breakthrough in the decentralized finance landscape, introducing cutting-edge trading features alongside the integration of RWAs. This upgrade transforms the trading experience by enhancing efficiency, user interface, and functionality, creating a more dynamic and versatile platform for all users.

Helix 2.0 also stands out for its ability to seamlessly integrate traditional finance with DeFi through the inclusion of RWAs. With the upgrade, four new RWA perpetual markets were listed on Helix, including Gold, Silver, Euro and GBP. 

This innovative feature bridges the gap between conventional assets and blockchain, opening up new possibilities for asset management and trading. The enhanced trading features provide users with improved tools and capabilities, enabling faster, more efficient transactions and a smoother user experience.

Fireblocks Integrates Injective

The integration of Injective with Fireblocks marks a pivotal development in expanding institutional access to decentralized finance. This collaboration introduces a secure and scalable infrastructure for institutional investors, significantly enhancing the security, efficiency, and accessibility of digital asset transactions.

The integration is particularly noteworthy for its ability to provide institutions with robust security protocols and streamlined access to decentralized markets. This partnership leverages Fireblocks' advanced security features, including MPC-based key management and multi-layer protection, to ensure the highest level of asset security. By integrating these capabilities, Injective offers a more secure and efficient platform for institutional investors, facilitating seamless and protected transactions.

Full List of Injective Updates

Ecosystem Updates

DeFi:

  • Synternet, a Data Layer Portal has made Injective’s real-time blockchain data available
  • Notifi has integrated with Injective
  • Desig, the MPC multisig integrated Injective
  • inEVM unveiled the integration with Arbitrum
  • Helix, a decentralized exchange on Injective listed ezETH/WETH
  • Band Protocol integrated with Injective’s inEVM on testnet
  • Over 20,000 .inj domains have been registered to date
  • Over 2 million $hINJ has been minted on Hydro, the liquid staking protocol on Injective 
  • Injera launches on Injective
  • Fireblocks, the largest digital asset custodian integrated Injective to accelerate institutional adoption 

Injective Stats:

  • Injective processed over 70 million blocks 
  • Injective surpassed 2.4M daily transactions
  • Injective reached over 210,000 unique delegates.
  • Injective has over 50,600,000 $INJ staked.
  • A total of 63,692 INJ was burned through weekly burn auctions in May, and a total of 5.9 million INJ has been burned to date with over 151 burns.
  • The total gas fees paid by users on Injective to date is zero.
  • The INJ staking APR on Injective is 13.88% with over 57.9 million INJ staked.
  • The total trading volume on exchange dApps on Injective reached $2.5B in May, with its peak daily volume on May 4th reaching $110.7M volume. The most liquid markets are BTC and ETH perpetuals.
  • This month saw a downward trajectory in the markets on Injective exchange dApps. Bitcoin (BTC) increased from 56,803 to 67,384, representing a 23.05% up. Similarly, Ethereum (ETH) surged from 2,875 to 3,779, marking a 32.13% growth.

Community Updates:

  • Eric Chen, CEO of Injective Labs went on the Logan Jastremski podcast.
  • Four Pillars released a case study about Injective, highlighting the importance of Consistency and Sustainability in Blockchain
  • The CEO of Injective Labs, Eric Chen, spoke at Solana Crossroad
  • Arbitrum hosted Injective for a Twitter Space on inEVM
  • SA World is distributing over 9M $SAE tokens to the community as a reward
  • Injective 101 was published to help developers find information on how to build on the blockchain

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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