INJECTIVE NEWS: INJ, TALIS LAUNCH & CAMPAIGNS, MITO LAUNCHPAD & MORE!!

Welcome to the Injective ecosystem news roundup, here are the top stories in Injective in the 1st half of December:

TALIS LAUNCH: The TALIS/USDT spot market launched on Helix and Talis announced the LP rewards campaign and the volume trading competition campaign. When are these campaigns? How much are the rewards? How to participate? Watch this episode to learn all the details

UPCOMING VOLAN UPGRADE: The biggest mainnet upgrade in Injective history is imminent and it will happen in just a few weeks
HELIX GUILDS: Who were the winners of the season 1 and the rewards? How many participated? What are the next steps?

MITO LAUNCHPAD UPDATES: One-click platform for fundraising and listings

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

Tech

Injective announced that the largest mainnet upgrade in Injective history called Volan is imminent and it will be released in a few weeks. We are really excited about the Injective Volan Mainnet Upgrade and we will cover in-depth this upgrade once it is released, stay tuned Ninjas!

Injective recently achieved several major milestones with over 370 million on-chain transactions, over 47 million INJ staked and over 5.79 million INJ burnt so far since the mainnet launch in 2021. Remember that there is a new INJ burn every week on Wednesday done through a decentralized burn auction. Before INJ 2.0, only exchange dApps contributed to the burn auction directing 60% of transaction fees into an auction basket. With the introduction of INJ 2.0, any dApp on Injective can now contribute to burn auctions, even allocating up to 100% of their collected fees to the auction basket, and then all tokens used to pay for the auction basket are burnt, decreasing the overall INJ token supply.

Remember that Google Cloud had only offered BigQuery datasets for Bitcoin and Ethereum and recently Injective became also part of BigQuery. In particular, Injective Nexus enables core chain data to be accessible in BigQuery via Google Cloud. There are many potential use cases for the Injective Nexus data, for example customizing machine learning algorithms, leveraging on-chain data for AI, creating new Web3 financial dApps, ingesting enriched data to power advanced smart contracts, using real-time financial data for institutional trading strategies and many other potential use cases.

Helix news

Helix recently announced LP rewards which was its largest upgrade so far. As a recap, with LP Rewards now liquidity providers have the opportunity to earn rewards by supplying liquidity through Spot Grid Trading Bots. In the round 1, the inaugural market that enabled LP Rewards through spot grid trading was the TIA/USDT spot market with 1k INJ and 10k TIA tokens as rewards. The round 2 lasted until December 14th with seven markets, with the largest LP rewards for the TIA/USDT market with a total of 500 INJ and 4k TIA tokens as rewards. The round 3 ended on December 19th with total rewards for the 10 markets of over $52k. Some of the markets in round 3 were TIA/USDT, ATOM/USDT or TALIS/USDT.

Talis announced two campaigns to celebrate the listing of TALIS/USDT spot market on Helix. The Talis LP rewards campaign is from December 14th 3pm UTC until March 28th 2024 at 3pm UTC and there will be 750k TALIS as rewards. The second campaign is the volume trading competition with a total of 500k TALIS as rewards. This campaign will reward the top 20 volume traders on TALIS/USDT market within each trading competition period. The first period will last from December 14th 3pm UTC until December 28th 3pm UTC, with 100k TALIS as rewards. Each winner will receive 5000 TALIS and the winners will be announced by January 11th 2024. Helix will soon launch additional trading competition periods with additional rewards for trading on TALIS/USDT spot market, stay tuned!

Season 1 of the Helix Guilds competition ended on December 11th at 3pm UTC. The rewards were determined by the trading volume in the TIA/USDT market and the weighted average balance of TIA. In total there were 9 Guilds with a total of 627 participants. The same Guild called TIAmonds won both of these categories and hence received the total rewards of 10k TIA and 1k INJ tokens. The TIAmonds guild had a total of 150 members, so they shared 80% of the rewards while the Guild Master received 20% of the rewards. Congratulations to TIAmonds!

Helix listed the first native Injective ecosystem token TALIS. Moreover, Helix also listed KUJI spot market, this is significant since it is the first time that users can now trade KUJI on a non-native DEX with lightning fast speeds and zero gas fees. Helix also listed TIA perpetual market, allowing to trade TIA perp with leverage and on-chain rewards.

Helix achieved another major milestone with over $15 billion in cumulative trading volume, well done Helix!

Ecosystem news

The Mito Launchpad was open for all Zen NFT holders and became oversubscribed. Initially, the Mito Launchpad was available for users who completed earlier Mito Missions, and as previously announced later it will be available for more users. The Mito Launchpad is a one-click platform for fundraising and listings. The Launchpad is just a part of Mito, and in the coming weeks the Mito testnet will be open to everyone facilitating the access to automated trading, launchpads, Real world Assets (RWAs) and real yield generation.

Injective has integrated Kujira. Users can now access KUJI via the Injective Hub and dApps.

Truflation’s proprietary data is already powering Helix and now Truflation announced a further integration for the whole Injective network. This integration will accelerate real world assets and DEX activity and growth. Thanks to this integration, any exchange or front-end app built on Injective can launch RWA-based indexes in a fully decentralized and on-chain environment. Truflation provides real-time economic data feeds and indexes. Furthermore, Truflation is planning to launch the first futures commodity index exchange on Injective. This is great news since it will benefit users to trade indexes, futures and derivatives on top of rare commodities.

Gryphon launched their mainnet on Injective. Gryphon is focused on liquid staking, leverage and lending. According to the roadmap, Gryphon will support liquid staking for INJ, ATOM, ETH and more.

Timeworx, a decentralized AI training protocol, is live on the Injective testnet. They announced that Metamask is supported and Keplr wallet support will be also added soon. Timeworx aims to build the future of AI. You can register for early app testing for both Android and iOS, and this testing is carried out on the Injective Testnet and on the MultiversX Devnet.

Community news

During the Taipei Blockchain Week there was a great Injective event on the 14th December where devs, ninjas and institutions spent time together networking.

Great growth in the Injective Ninja Ambassador Program with over 2,500 Warriors and over 100k members so far. If you are interested, you can also join the Ambassador program and earn rewards while levelling up your rank.

The Injective and Google Cloud Illuminate Hackathon ended on December 21st. The deadline had been previously extended until December 21st due to the unprecedented high demand and sign-ups.

Ninja Blaze announced that over 1 million have already been staked on the platform. Ninja Blaze is revolutionising crypto-based gaming and bringing full transparency and honesty to the players.

Binance covered Injective in a recent article about Institutional DeFi. The article explorers how Injective is driving Institutional DeFi adoption. Injective is helping to bridge the gap between TradFi and DeFi, for example Helix Institutional is an example of a space where institutional traders can operate comfortably meaning without the common concerns of current DeFi trading such as frontrunning, unclear legality or low liquidity. Injective also provides institutional investors with a traditional finance feel, meaning near-instant finality on trades, customizable API plug-ins and dedicated customer service. Furthermore, Injective is bridging the gap also between the real-world and blockchains by providing access to both established cryptoassets and real-world assets (RWAs) and exotic products. Injective is encouraging and driving Institutional DeFi and unlocking new business models for institutions.

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. Remember that we are now securing Injective as a validator in the active set, so if you would like to support our Injective content you can follow the link below to stake some INJ with Cosmic Validator. Thank you so much for reading and I’ll see you Ninjas very soon in the next episode!

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