Cosmos-based Layer 1 blockchain Injective releases mainnet upgrade named Volan
Cosmos-based Layer 1 blockchain Injective has launched a mainnet upgrade called Volan, which focuses on real-world assets (RWA). The upgrade aims to provide access to structured products for both institutional and individual users. This includes tokenized fiat currency pairs, treasury bills, and exclusive credit products.
The market for RWAs is still emerging but growing rapidly. Tokenized securities, in particular, have seen significant value growth, with the market estimated at over $500 million. Injective plans to tap into this market with the Volan upgrade.
Volan also expands the inter-blockchain communication (IBC) protocol on Injective, enabling improved interaction with other chains within the Cosmos ecosystem. This will facilitate complex cross-chain transactions and advanced order routing and swaps.
Connectivity enhancements
Injective’s CEO, Eric Chen, states that the Volan upgrade provides developers with native building blocks for next-gen finance applications while enhancing connectivity to other blockchains and applications.
The upgrade also introduces changes to the token’s inflation parameters, making INJ increasingly deflationary over time. Additionally, it integrates off-chain price feeds directly into the blockchain through a new oracle.
Injective raised $40 million in a funding round led by Jump Crypto and is backed by Binance, Pantera Capital, and Mark Cuban.
Hot Take: Injective’s Volan Upgrade Expands Access to Real-World Assets
Injective’s latest mainnet upgrade, Volan, brings significant advancements to the blockchain ecosystem. By focusing on real-world assets and expanding its connectivity capabilities through the IBC protocol, Injective aims to provide users with access to a wide range of structured products. This upgrade aligns with the growing market demand for tokenized securities and aims to tap into the estimated $500 million market size. With its native token, INJ, becoming increasingly deflationary and the integration of off-chain price feeds, Injective is positioning itself as a key player in the decentralized finance space. The support from notable investors further strengthens Injective’s position as an innovative blockchain platform.
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