Injective will be listing The Graph (GRT) on the Solstice V2 Testnet! This means along with the upcoming public launch of the testnet, users will be able to trade GRT perpetual markets with up to 20x leverage.
The Graph is an indexing protocol for querying data for networks like Ethereum and IPFS, powering many applications in both DeFi and the broader Web3 ecosystem. Anyone can build and publish open APIs, called subgraphs, that applications can query using GraphQL to retrieve blockchain data. The Graph currently supports indexing data from Ethereum, IPFS and POA, with more networks coming soon.
The Graph team includes individuals from the Ethereum Foundation, OpenZeppelin, and Decentraland. Developers in the Injective community have used The Graph’s products for quite some time, so this is a natural next step in introducing GRT asset derivatives. This asset addition also helps to further accelerate Injective’s rapid market growth as Injective has already introduced various popular assets, synthetic commodity trading, and a plethora of DeFi assets.
The goal of the Injective community is to provide limitless markets for traders globally. In addition to recently introducing the world’s first yield farming derivatives, listing GRT further demonstrates the goal to bring diverse markets such as those related to yield farming well as fast-growing native crypto assets to the DEX. New asset additions will be pursued in order to deliver a fully decentralized trading experience that offers limitless opportunities for all.
Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.