How Injective and Band Protocol will take DeFi to the next level
Injective Protocol has announced that it will expand its partnership with Band Protocol. As such, it will operate a validator node for BandChain. In exchange, Band Protocol will begin participating in Equinox Staking, according to an official post. This is part of Injective Protocol’s testnet preparations for its upcoming mainnet deployment. Injective is a second […]
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“Users will soon find Wormhole integrated into the backend of the Injective Bridge whereby transferring assets from distinct EVM chains or Solana can be done with the click of a button,” Injective Labs stated. Decentralized finance (DeFi) protocol Injective (INJ) has partnered with Wormhole to integrate “10 new blockchains” to its network. Injective is a Cosmos layer-2 decentralized exchange (DEX) that offers derivatives, token swaps and sports betting prediction markets. It is also focused on interoperability via cross-chain bridging, and currently supports digital assets from Ethereum,....
INJ books a 100%+ gain shortly after the release of the Injective Bridge v2 and the launch of DEX-based perpetual futures for ATOM. Trading perpetual futures contracts in decentralized apps is a crypto sub-sector ripe for growth, especially as discussions of regulation, taxation and mandatory KYC at centralized exchanges continue to take place.One DEX platform that has begun to gain traction is Injective (INJ), an interoperable layer-one protocol designed to facilitate the creation of cross-chain Web3 decentralized finance (DeFi) applications. Data from Cointelegraph Markets Pro and....
Injective Protocol, a blockchain for decentralized finance (DeFi) and derivatives trading, is voting on a proposal to significantly reshape the platform’s tokenomics and introduce a new era dubbed Injective 3.0. According to Injective, through a post on April 19, the proposal is now open for voting via the Injective Hub. For the next four days, stakers and validators are free to participate. Community Voting On Injective 3.0 Over the months since launching in 2023, Injective caught the crypto community’s attention. The team aims to launch a platform for users to launch....
Band, Loopring and Cream aim to increase their DeFi market share by building new partnerships and offering solutions that address fees, lending and price discovery. The U.S. dollar lost about 7% of its value in 2020, while Bitcoin rallied about 300% during the same period. As Bitcoin’s institutional adoption increases, United States companies may start to diversify their treasury with other stores of value, and Bitcoin (BTC) stands a good chance to garner a portion of it.Crypto market data daily view. Source: Coin360Ark Invest’s latest report, "Bitcoin: Preparing for Institutions," shows....
Two new synthetic asset and derivatives platforms look to take a slice of Synthetix’s pie. Synthetic assets, one of the most promising use cases for decentralized finance (DeFi), is becoming an increasingly competitive landscape as two new projects aim to bring scalability and new markets to traders. On Friday, decentralized derivatives exchange Injective Protocol began a push into synthetic assets with the launch of a 24/7 synthetic gold market on their Solstice layer-2 testnet. “It's fairly interesting to explore gold for the first commodity futures on Injective because Bitcoin and Gold....