Injective (platform)
| File:Injective l.png | |
| ISIN | 🆔 |
|---|---|
| Industry | Web3 |
| Founded 📆 | 2018 |
| Founder 👔 | Eric Chen and Albert Chon |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | https://injective.com/ |
| 📇 Address | |
| 📞 telephone | |
Injective (INJ) is a platform optimized for Web3 finance. It is an open, interoperable layer-one fintech that equips developers with plug-and-play modules for launching a wide variety of smart contract-enabled applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.
History
Injective was launched by Injective Labs, which was founded by Eric Chen and Albert Chon in 2018 through the first incubation program hosted by Binance Labs.[1][not in citation given]
In December, Injective launched a Testnet for a DeFi trading platform built on top of its layer.[2] In April 2021, the platform raised $10 million in a funding round with participation from billionaire Mark Cuban.[3]
In July, Injective underwent a "CosmWasm mainnet" upgrade to bring scalable smart contracts to Injective.[4] In August 2022, Injective raised $40 million in a funding round led by Jump Crypto to fund its INJ token, provide liquidity to existing dApps built on Injective, and support new dApps in the future.[5]
In January 2023, the platform launched a $150 million fund ecosystem initiative to accelerate interoperable infrastructure and DeFi adoption.[6] In July, the platform incorporated Ripple's XRP into its ecosystem.[7] In August 2023, Injective launched Helix Institutional to help institutions access the benefits of DeFi.[8]
References
- ↑ Wayne, Gunter, Darrell (2021-06-18). Transforming Scholarly Publishing With Blockchain Technologies and AI. IGI Global. ISBN 978-1-7998-5591-0. Search this book on
- ↑ Butcher, Mike (2020-12-03). "As crypto comes back, Binance-backed Injective Protocol launches Testnet for its DeFi trading platform". TechCrunch. Retrieved 2023-09-28.
- ↑ Butcher, Mike (2021-04-20). "Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its 'DeFi Robinhood'". TechCrunch. Retrieved 2023-09-28.
- ↑ "DeFi: Injective Protocol's 'CosmWasm' upgrade adds more functionality for developers and users". ZDNET. Retrieved 2023-09-28.
- ↑ "Injective Raises $40M For its Versatile Smart Contracts Platform that Seeks to Power the Future of Decentralized Finance – AlleyWatch". Retrieved 2023-09-28.
- ↑ Melinek, Jacquelyn (2023-01-25). "Injective launches $150M ecosystem fund to accelerate interoperable infra and DeFi adoption". TechCrunch. Retrieved 2023-09-28.
- ↑ Trends, Market (2023-07-25). "Injective Soars on Planned XRP Integration, QUBE Accumulated By Crypto Whales Targeting 10X". Analytics Insight. Retrieved 2023-09-28.
- ↑ "Injective launches Helix Institutional trading portal". thepaypers.com. Retrieved 2023-09-28.
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