Welcome to Injective’s November update!
We’re excited to report some of our key achievements over the past few weeks as we wrap up another successful month.
November marked the one-month anniversary of Injective’s release on Binance Launchpad. Since then, we have been working nonstop to refine our DEX, grow our business partnerships with industry titans, polish our Injective ecosystem growth strategy, and continue to ramp up our Injective community growth worldwide.
The biggest milestone undoubtedly was the early access launch of our Solstice testnet. This is the culmination of months of hard work from our team. We have been blown away by the immense interest as we saw massive surges in both trading volume and users.
The Solstice release coupled with technical development, major partnerships, exchange listings, and community events led to quite an eventful month for Injective.
- Solstice Testnet Early Access Launch
- We released technical overviews on both the Injective token economy and ecosystem
- We partnered and integrated with the likes of Polkadot, ChainLink, Orion, Stafi, among many others
- INJ was listed on Binance, Poloniex, Gate.io, WazirX, Uniswap, and Coinone
- We hosted a number of community-building initiatives such as technical conversations with the likes of Compound and Avalanche on DeFi and layer one protocols
1. Solstice Testnet Launch
On November 30th, we announced the early access launch of the Solstice testnet.
This release will enable individuals to have the first look at the Injective exchange that from day one has been built to be fully decentralized, fast, and free of any gas fees.
Extremely fast transactions are enabled by our unparalleled layer-2 structure, which eclipses all other decentralized exchanges available today. In addition, the intuitive UI was built to retain the accessibility offered by popular centralized exchanges. As a result, Injective is able to provide everyone with a platform that integrates the best aspects from both the decentralized and centralized exchange ecosystems.
Here is a sneak peek of the exchange UI
We are excited to say that demand for Solstice has shattered all previous projections with more than 10,000 users already on the waitlist.
In order to onboard users in an orderly fashion, access to Solstice is currently available only via a Golden Ticket. You can find out more about how to get a golden ticket here.
Here is a handy timeline for you to track Solstice
2. Technical Overview of Injective’s Token Economy and Ecosystem
Whether you’re a trader, staker, or developer, there are various ways through which you can engage with Injective as well as its first implementation on Solstice. You can read more about this vibrant ecosystem here.
Our CTO Albert Chon also delved into the Injective token economy in which we took a deep dive on how INJ would be used. This includes governance, staking, creation of new derivatives markets, and much more!
3. Partnerships & Integrations
This month saw the addition of some great partners. Here is a quick look at some of them.
We are integrating with Polkadot to expand Injective’s decentralized cross-chain trading capabilities. We plan to create a bridge that would enable assets from Injective and Polkadot to be transferred between one another. This opens up tremendous potential for various derivatives, such as staking derivatives to be brought to Polkadot.
As an inaugural broker for Orion, Injective plans to be the first liquidity provider of decentralized derivatives on Orion’s aggregated book orders. In addition, we plan to explore innovative cross-chain and bridge solutions alongside the Orion team.
We are integrating six Chainlink price feeds to secure our decentralized derivatives exchange. These price feeds will enable our users to create their own decentralized derivatives markets with total assurance that they will be settled by highly reliable and securely delivered data feeds. In addition, Chainlink will now be able to reach new consumers and markets via our DEX.
This partnership will create a number of new opportunities not only for Injective and Stafi but also for the DeFi community as a whole as we look to introduce new forms of staking derivatives on our DEX moving forward. This also helps to further expand our collaboration with Substrate and Polkadot.
We entered into a strategic partnership with DIA to expand the oracle ecosystem for our DEX. With this collaboration, Injective will enable DIA to tap into a growing community of traders as we continue to introduce innovative cross-chain derivatives markets moving forward.
4. New Listings
We have conducted a number of major listings over the past few weeks in order to further expand access for INJ. So far, we have listed on top exchanges such as Binance, Poloniex, Gate.io, WazirX, Uniswap, and Coinone.
In the coming weeks, we plan to carry out more listings in order to further grow the ways in which individuals can trade INJ.
5. Community Events
We took part in a number of community-building initiatives this month in order to accelerate our growth.
Forbes Interviewed Eric to gain deeper insights into Injective and his journey thus far.
Fun Times with DeFi Talk with Perpetual Protocol, Pantera, Augur, UMA, and Compound.
Layer One and DeFi Talk with Avalanche, Oasis Labs, and Near Protocol
We were invited to participate in Korea Blockchain Week, where our CEO Eric Chen spoke about derivatives and DEXeS. It also provides a brief overview of how Injective is looking to rectify salient issues in the exchange sector today.
This AMA took place following the listing of INJ on WazirX.
We held an AMA with Elrond to mark the conclusion of our successful staking event with Elrond.
Other Community Events
- We hosted a staking campaign with Poloniex
- We were added to Blockfolio Signal (the world’s most popular crypto portfolio management app)
- We were added to Math Wallet (one of the most popular wallets globally)
November has been a defining month for Injective with the launch of our Solstice Testnet. We look forward to seeing you all there! We have much more exciting news in the coming weeks so stay tuned.
About Injective Protocol
Injective Protocol is the first layer-2 decentralized exchange protocol that unlocks the full potential of decentralized derivatives and borderless DeFi. Injective Protocol enables fully decentralized trading without any restrictions, allowing individuals to trade on any derivative market of their choosing. Injective Protocol is backed by a prominent group of stakeholders including Pantera Capital, one of the most renowned venture capital firms in the world, and the leading cryptocurrency exchange, Binance.
Want to learn more about Injective? Join us via the channels below!