INJECTIVE NEWS: INJ BURN UPGRADE, XION, KAI, TIMESWAP & MORE!!

Hi Ninjas!
Welcome to the Injective ecosystem news roundup, here are the top stories in Injective in the 2nd half of April:

INJ BURN MECHANISM UPDATE: Learn the details and what is the different from the previous burn mechanisms

BLACK ON MITO AND HELIX: BLACK launchpad subscription, Mito vault and spot market on Helix

INJECTIVE ECOSYSTEM UPDATES: Timeswap, XION, Kai Exchange, JamboPhone, Neptune and more

New Injective dApps, tech updates, milestones, events and much more in this episode, and now for today’s top stories:

Tech

An update to the INJ burn mechanism was announced. The highlight is that now community members can also contribute any asset they choose into the auction basket. Initially, the INJ burn mechanism was only for exchange dApps on Injective which could contribute 60% of their collected transaction fees to a weekly auction. Then, the burn mechanism and weekly burn auction was extended to all dApps on Injective and not only exchange dApps and moreover it was possible to contribute 100% of collected fees to the auction and not just a maximum of 60%. This latest update of the INJ burn mechanism allows also any Injective community member to contribute any asset to the auction and not only Injective dApps as previously. A total of over 5.9 million INJ has been burned so far with for example over 10k INJ recently burned on the 24th April.

The Injective governance proposal to reduce the inflation quarterly over the next two years was approved. By Q1 of 2026 the inflation range of INJ will be reduced from the current 10% to 5% range to 7%-4% and then the deflation parameters will be reevaluated. Here you can see how the upper and lower inflation parameters will decrease quarterly over the next two years. Also, the number of Injective addresses has exploded as you can see here on this graph.

Helix news

Black Panther’s BLACK token was added to Helix with the BLACK/INJ spot market. Black Panther is focused on automated trading and asset management strategies. In the spot markets at Helix the largest volume recently is for ATOM, WETH, INJ and TIA. In the perps markets at Helix the largest volume recently has been ETH, INJ, BTC and ATOM.

Ecosystem news

The BLACK launchpad subscription period on Mito ended and the BLACK/INJ vault went live. Currently, the TVL of the vault is over $340k with an APY of over 26%. Only four Mito vaults have higher TVL at the moment, such as the HDRO/INJ, the USDe/USDT or the INJ/USDT vaults.

Neptune is focused on lending and borrowing and it reached over $10M in TVL within 90 days and keeps an average rate of around 50 new users joining daily. Neptune announced upcoming new UI features and additional improvements.

Jambo is focused on affordable mobile phones for emerging markets and several Injective dApps will be available and preinstalled on the JamboPhone, meaning allowing millions of new users to access the Injective ecosystem and dApps. Some of the dApps integrated include for example Ninji wallet which is the native wallet on Injective and a gateway into the Injective ecosystem.

A new Orderbook DEX built on Injective called Kai exchange was announced. The Kai private beta went live and Kai offers over 20 spot and perps markets with up to 20x leverage. Since Kai is built on Injective, traders on Kai benefit from the lowest fees and lightning-fast speed.

XION is focused on onboarding non-crypto native users to the Web3 ecosystem. XION is the first L1 leveraging generalised abstraction for mainstream adoption. Injective integration with XION will facilitate the onboarding of non-crypto native users onto Injective. This integration is also relevant since it is the first user friendly chain abstraction solution launched by XION.

The Ninji wallet extension has integrated, thanks to SPACE ID, the Web3 name SDK, which ensures .inj domain adoption in the Injective ecosystem. The .inj domain provides several advantages such as inputting domain addresses instead of full addresses, conveniently sending tokens or NFTs and more.

The Bitget Wallet BWB points airdrop were distributed for three groups of the injective community. Injective Ambassadors with the rank of Knight or higher, the Ninja Pass holders and the INJ domain holders.

Timeswap is a new Injective inEVM dApp which launched their mainnet. Timeswap is a non-liquidatable lending and borrowing protocol, with lending and borrowing pools for INJ and USDT. In particular, users can lend/borrow INJ using USDT as collateral, and earn yield for lending/borrowing INJ. Similarly, users can also use INJ as collateral to lend/borrow USDT.

Community news

During the Token 2049 conference in Dubai the Injective Labs team organised an exclusive and private side event brunch for Injective partners at the French Riviera in the heart of Dubai on April 20th with a focus on networking and strategic partnerships. The event was a great success and here you can see some of the photos of the event venue.

Conclusion

And that is all for today’s Injective ecosystem bi-weekly review so if you enjoyed it Ninjas remember to click that like button, subscribe button and bell icon too. We are in the top 3 Injective relayers in the last month by total number of txs and one of the best by uptime and performance as well. Ninjas, consider supporting our Injective infrastructure and educational content with a delegation to our Injective validator. Thank you so much for watching and I’ll see you Ninjas very soon in the next episode!

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