🚀 April Update: Binance Supports Injective Mainnet, First-Ever Bored Ape NFT Floor Perpetuals, and more!

May 17, 2022

Injective Pro Launches First Bored Ape NFT Floor Price PerpetualsInjective Pro, the premier fully-decentralized derivatives exchange built on Injective, is now the first-ever exchange to list an NFT floor price perpetual market with the BAYC/WETH listing. Users can transfer their EVMOS through the Injective Bridge or trade EVMOS on Injective Pro using USDT. SafePal becomes one of the first-ever crypto wallets to integrate the Injective mainnet. Tweet of the MonthJust hit a new milestone of 10 Million blocks produced on the Injective mainnet 🚀Injective is now one of the fastest growing chains. pic.twitter.com/2LEVDcMhhH — Injective 🥷 (@InjectiveLabs) April 25, 2022There’s more to come in May so stay tuned and join the Injective community on Discord, Twitter and Telegram.

The team has been busy launching new markets, integrating even more networks, and pushing forth innovative concepts never seen before on any other exchange.

For a recap of April, check out this highlight reel 👇

1. Injective Pro Launches First Bored Ape NFT Floor Price Perpetuals

Injective Pro, the premier fully-decentralized derivatives exchange built on Injective, is now the first-ever exchange to list an NFT floor price perpetual market with the BAYC/WETH listing.

The magnitude of this achievement cannot be overstated. This serves as the first NFT floor perpetual market listed. Ever.

Users can now trade the popular BAYC NFT collection with as little as $1. This milestone has received widespread attention including a feature article on Blockworks.

2. Binance Enables Native INJ Deposits and Withdrawals

Native INJ deposits and withdrawals are now supported by Binance, making Injective one of the first-ever Cosmos SDK-based chains have mainnet support from Binance.

This integration brings value to the Injective ecosystem by providing lower fees and barriers to entry, which will pave the way to mass adoption.

3. INJ Burn Auction

1/ 405,219.11 $INJ burned to date 🔥

Every week, 60% of all fees collected from DApps built on Injective are burned through auctions. The INJ burn auction is unique in that it helps accrue value for the entire Injective ecosystem.

A thread 🧵 https://t.co/unNi4xzA9B

— Injective 🥷 (@InjectiveLabs) April 13, 2022

4. Decentralized EVMOS Spot Market Listing

Injective Pro is now the first orderbook DEX to enable EVMOS spot market trading. Users can transfer their EVMOS through the Injective Bridge or trade EVMOS on Injective Pro using USDT. The Injective Bridge supports networks such as Ethereum and ComosHub.

5. Mainnet Upgrade

Injective Mainnet Upgraded ✅

1⃣ Optimized Authz Support
2⃣ Enhanced order matching
3⃣ Upgrade to @cosmos-sdk v0.45.2 and ibc-go v2.2.0

TLDR: Get ready for trading guilds 🥷

— Injective 🥷 (@InjectiveLabs) April 11, 2022

6. Community

  • Injective officially crosses 50 million total on-chain transactions.
  • Injective Labs CEO Eric Chen participates in live AMAs with Citadel.one and LunarCrush Live.
  • A brand new markets page is unveiled on Injective Pro.
  • SafePal becomes one of the first-ever crypto wallets to integrate the Injective mainnet.
  • Injective is selected as one of the TOP TEN projects in CoinMarketCap’s new feature CrypTown.
  • The Injective Labs team travels the world to attend the Avalanche Summit, Binance Blockchain Week, and Bitcoin Miami. A recap was published on CoinMarketCap.

7. Tweet of the Month

Just hit a new milestone of 10 Million blocks produced on the Injective mainnet 🚀

Injective is now one of the fastest growing chains.

Thank you to all of the amazing validators and the Injective community for making this happen! pic.twitter.com/2LEVDcMhhH

— Injective 🥷 (@InjectiveLabs) April 25, 2022

There’s more to come in May so stay tuned and join the Injective community on Discord, Twitter and Telegram.

About Injective

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.

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