The September Community Update: Expansion of Networks and Localization

The September Community Update: Expansion of Networks and Localization
The September Community Update: Expansion of Networks and Localization

In September, Injective maintained its prominent position at the forefront of the Web3 finance landscape, spearheading growth and development through the introduction of several exciting initiatives.

While there were many milestones achieved during the month of September, one particularly noteworthy launch was the unveiling of inEVM, a groundbreaking feature enabling Ethereum applications to seamlessly operate on the Injective network. Moreover, the month witnessed numerous integrations and ecosystem advancements, such as the pre-registration of INJ domain names, the eagerly anticipated Black Panther mainnet release, and the successful launch of the Levana Protocol on the Injective mainnet.

Additionally, Injective made a significant impact in Asia by actively participating in events like Token2049 in Singapore and Korea Blockchain Week this year. During these events, Injective showcased its leadership by hosting one of the largest gatherings and making a momentous on-stage announcement about the inEVM launch. These endeavors have further expanded Injective's global presence, reinforcing its commitment to its mission and enriching the ecosystem with invaluable contributors.

For a full recap of September, check out this highlight reel 👇

Highlighted Ecosystem News

INJ Domain Name Pre-Registration Begins

Injective is launching the first-ever .inj domains, leveraging the SPACE ID 3.0 infrastructure, with the highly anticipated pre-registration event having occurred on September 20th. In the lead-up to this event, Injective's ecosystem partners orchestrated a series of quests that granted exclusive access for pre-registering personalized INJ domain names, with over 100,000 individuals securing coveted whitelist spots for the launch.

With a multitude of domain names now officially registered, they are ready to be seamlessly utilized across the Injective Hub and Injective Explorer, featuring comprehensive send and search functionalities. Leap Wallet has also seamlessly integrated these domains within its interface, enabling smooth sending and receiving operations.

This pivotal step forward marks the beginning of the .inj domain name service's journey to become the decentralized identity standard within the expansive Injective ecosystem and its diverse range of decentralized applications (dApps). The integration of .inj domains will be pervasive, touching every corner of the rapidly expanding Injective ecosystem.

To get your own Web3 domain names on Injective, click here.
To learn more about the registration process, rules and pricing, click here.

Injective Asia Tour Recap

Throughout September, Injective significantly expanded its influence in Asia by actively participating in two prominent events: Korea Blockchain Week and Token2049 in Singapore.

At Korea Blockchain Week, Chris Choi, Head of Product at Injective Labs, played a pivotal role in conducting a major technical developer workshop in collaboration with Injective contributors Hashed and DSRV. This workshop was aimed at engaging local builders and fostering technical expertise within the blockchain community.

Furthermore, Chris delivered a keynote address at the Klaytn Square Lounge 2023 conference, where he highlighted Injective's groundbreaking modules, pioneering efforts in composability, and the latest integration achievements with Klaytn.

Chris Choi presenting Injective at KBW 2023

Token2049 this year reached unprecedented heights, boasting a staggering turnout of over 10,000 participants. Amidst this large gathering, Injective showcased its most substantial presence to date on Asia's grandest Web3 stage.

Eric Chen, CEO and co-founder of Injective Labs, took center stage at Token2049, delivering a captivating keynote presentation. During his address, he unveiled the distinctive infrastructure and cutting-edge protocols, including the likes of Mito, that are currently under development on the Injective platform.

Furthermore, the Injective team orchestrated the highly successful Injective Asia Night event, which garnered an impressive registration turnout of over 2,000 enthusiastic participants.

Eric Chen on-stage, delivering his keynote for Token2049

Black Panther Launches on Mainnet

Black Panther, the asset management protocol on Injective, is now live on the Injective mainnet! The grid bots for $BTC, $ETH and $INJ perps have been operational for several weeks, earning a trading APY of over 40% from market volatility. Now users can access to Black Panther’s mainnet, deposit USDT to vaults, and earn the passive yield.

In addition, Black Panther has integrated its trading vaults with Helix, allowing its trading bots to place limit orders on the Injective orderbook through smart contract and implement various trading strategies.

To access Black Panther’s mainnet, click here.
For any questions regarding Black Panther, reach out to their team on Discord.

Highlighted Chain News

Injective Unveils inEVM: A Groundbreaking Ethereum Rollup

Injective has unveiled the launch of inEVM, the first-ever Ethereum Virtual Machine capable of achieving true composability across Cosmos and Solana. inEVM was developed in collaboration with Caldera, a L2 rollup infrastructure platform backed by Sequoia. With inEVM, Ethereum developers gain unprecedented access to Injective’s global network, offering a new realm of opportunities to expand the reach of their protocols.

The inEVM launch follows the recent release of Injective’s inSVM (formerly known as “Cascade”), the first Solana Virtual Machine (SVM) rollup solution integrated into the larger IBC ecosystem.

The multi-VM development environment on Injective will allow builders to develop across the most popular tech stacks, code in solidity or rust, seamlessly compose across financial primitives and build a new future of Web3.

To visit inEVM developer docs, click here.
To visit inSVM developer docs, click here.

Full List of Injective Updates

Ecosystem Updates:

  • Helix, the premier orderbook DEX on Injective, further diversified its offerings by introducing the Oraichain (ORAI) and NEOKingdom DAO (NEOK) spot markets.
  • Levana Protocol launched a brand new perpetual swap exchange on the Injective mainnet, including real yield for LPs, high leverage, and risk-adjusted trading.
  • Mito, the first automated DeFi hub built on Injective, is open to all Early Access Pass NFT holders and Zen NFT holders, with LSD vaults live on its testnet to amplify your yield across staked tokens.
  • Hydro, an Injective-native LSD Protocol, released its testnet in phases during September with a total participation of 30.8 wallets.
  • Injscribed Punks team introduced the first raffle platform on the Injective mainnet.
  • The first native Injective Wallet, Ninji, is landing soon.

Chain Updates:

  • Injective has integrated Korea’s leading layer one Klaytn to massively scale interoperability.
  • The largest crypto platform in Thailand Bitkub has integrated Injective.
  • Noble and Circle are bringing native USDC into the Injective ecosystem, enabling seamless onboarding for users worldwide.
  • 1RPC has integrated Injective, bringing enhanced privacy data infrastructure to Web3.
  • Apello, the ultimate Cosmos NFT tool, integrated Injective to enable token gating based on the number of NFTs held.
  • Coinhall integrated Injective to track realtime spot markets across both Helix and Astroport.
  • Injective integrated with Akash Network, enabling seamless decentralized Injective node deployments.
  • Station Wallet integrates Injective to enable viewing, sending and receiving tokens on Injective.
  • FORDEFI supports Injective on its all-in-one institutional MPC wallet platform.
  • Circuit Trading integrated with Helix and the orderbook module on Injective to unlock liquidity across dApps built on Injective.
  • Injective welcomes a new validator, TTT Capital, as the frist validator in Vietnam to onboard to Injective. Users can delegate tokens and check each validator’s status on the Injective Hub.

Injective Stats:

  • Injective processed over 292 million on-chain transactions.
  • Injective produced over 46 million blocks on mainnet.
  • A total of 15,127 INJ was burned through weekly burn auctions in September, and a total of 5.75 million INJ has been burned to date with over 117 times of burns.
  • All exchange dApps built on Injective have achieved a cumulative trading volume of $12.6 billion since mainnet.
  • The total assets on Injective Chain reached over $569 million.
  • The INJ staking APR on Injective is 15.94%, with over 44 million INJ staked.
  • Injective has become the fastest blockchain in the Cosmos ecosystem, 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 390K followers on Twitter and 204K members in Discord.
  • The total trading volume on exchange dApps on Injective reached $366M in September, with its peak daily volume on September 28th reaching $21M volume. The most liquid markets are BTC and ETH perpetuals.
  • The markets on Injective exchange dApps performed well this month, with Bitcoin (BTC) increasing from 25,794 to 28,314, marking a 9.9% rise. Injective (INJ) went from 6.77 to 7.94, representing a 17.7% increase. Solana (SOL) showed significant growth, rising from 19.44 to 24.12, indicating a substantial 23.6% increase.

Community Updates:

  • Twitter Spaces with Automata Network to discuss the Web3 privacy for layer ones
  • Twitter Spaces with Caldera to discuss what is inEVM and why the inEVM launch will be a game changer for the Injective ecosystem
  • Twitter Spaces with ContributionDAO to discuss the next future of Injective 2.0 and Injective Layer2 on Ethereum (inEVM)
  • Twitter Spaces with Circle, Osmosis, and Stargaze to discuss how appchains will leverage native USDC and grow the Cosmos ecosystem
  • Twitter Spaces with Oraichain to discuss accelerating the multic-chain AI and DeFi experience
  • Community call with SPACE ID to celebrate the pre-registration launch of .inj domain name
  • CoinMarketCap Live hosted by AsianCryptoBoy to discuss the recent developments of Injective ecosystem and how Injective shapes the future of finance
  • Press release of “Injective tests inEVM Layer 2 to support Ethereum applications” by The Block
  • A deep dive article on how staking works on Injective by Apybara
  • A thread explaining new technicalities in Injective ecosystem by Injective ambassador Joshyy
  • A thread about what it takes to join the Injective ambassador program by MercyDeGreat
  • An infographic by Cosmos Allday on Injective August recap
  • Injective Labs co-founder and CEO Eric shared his insights on Ripple with Cointelegraph
  • A tutorial guide on how to stake INJ by Nabox Wallet
  • A comic infographic telling the story of ninja by Injective ambassador Crypto L1S
  • Levana Protocol will co-host an in person trading workshop with Injective during Cosmoverse in Istanbul.
  • INJ token holders are selected to get access to Orchai’s airdrop program to receive $OCH airdrop.
  • The Stride airdrop for INJ stakers is now claimable.

🥳 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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