Cosmos-based layer 1 blockchain injection INJ
+9.88%
We have released a mainnet upgrade called Volan. The core of the upgrade is the integration of software modules focused on real assets (RWA).
The goal is to make a variety of structured products accessible to both institutional and individual users. These planned real-asset offerings include tokenized fiat pairs, government bonds, and proprietary credit products.
The RWA market is still in its infancy but is growing rapidly. In particular, tokenized securities have grown rapidly in value over the past year, with the market size estimated at more than $500 million, according to Dune data. Injective aims to leverage this with Volan.
Another aspect of the Volan upgrade is to expand Injective’s Inter-Blockchain Communication (IBC) protocol to improve interaction between Injective and other chains within the Cosmos ecosystem.
The network incorporating IBC is set up to facilitate complex cross-chain transactions, including advanced order routing and swaps. An example of its utility is evident in a scenario where a user can initiate a cross-chain swap using a decentralized application on another Cosmos blockchain, such as Celestia or Osmosis, and route it through Injective’s orderbook module for execution.
Improved connectivity
“This Injective Volan mainnet upgrade is focused on providing developers with an excellent foundational building block for the next generation of financial applications while improving connectivity to other blockchains and applications,” said Eric Chen, CEO of Injective Labs. said.
Injective is an interoperable blockchain specialized for decentralized finance use cases, using its native token INJ for governance and transaction fees.
With the Volan upgrade, Injective introduced changes to the token’s on-chain inflation parameters with the goal of making INJ increasingly deflationary over time. Additionally, the upgrade brings new oracles that integrate off-chain price feeds directly into the blockchain.
In August 2022, it closed a $40 million funding round led by Jump Crypto. The project is backed by Binance, Pantera Capital, and Mark Cuban.
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