January Update: Injective Bridge V2, First INJ Perpetuals, Yield Farming on Solana, Swag Shop and More!
The Injective community hit the ground running and kicked off the new year with a number of milestones. From unveiling the Injective Bridge V2 to rolling out a complete mainnet upgrade, there’s a lot to cover — so read below for the full highlight reel.
1. Injective Bridge V2
The Injective Bridge V2 has arrived, bringing forth a wide array of upgrades and cross-chain compatibility for the entire DeFi ecosystem to interact with Cosmos and Ethereum.
The new Injective Bridge will serve as a core launchpad for new cross-chain Web3 projects looking to deploy on Injective.
The bridge will also be able to support any ERC20 token from Ethereum alongside a number of Cosmos IBC-enabled chains. Osmosis has already integrated with the brand new Injective Bridge, joining an impressive cohort of IBC connections such as Cosmos and Terra.
2. Injective Mainnet
Injective contributors and validators have carried out a successful mainnet upgrade. Meanwhile a brand new Copper integration has enabled some of the largest crypto trading institutions to participate in mainnet staking.
Copper is highly selective with its integrations and only supports staking for 13 popular assets such Helium, Cardano and Polkadot. The platform processes more than $50 Billion on a monthly basis and has raised $85M to date from renowned investors such as Target Global and LocalGlobe.
3. Injective Pro
The first-ever INJ perpetual market has gone live. Start trading on Injective Pro here!
LUNA/UST spot and perpetual markets recently went live on Injective. Since then the LUNAtic community launched a trading competition with $200,000 UST up for grabs on Injective.
4. Performance Indicators
Total cumulative trading volume on the Injective Exchange nearly doubled last month, from $1.88 billion on January 1st to $3.6 billion at the end of the month.
For more nitty-gritty stats, check out info.injective.exchange.
5. Injective Yield Farming on Solana
INJ is now available on the Solana blockchain. Users can begin to earn a projected 20% APY on their wINJ using a newly released wINJ Covered Call Vault on the rapidly growing Solana DeFi protocol, Katana.
Injective Labs CEO Eric Chen was invited to participate in an exclusive AMA hosted by Cryptocito.
7. Notable Tweets
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.