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The summary of week
#15
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@Injective
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Tega
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Stats are just a representation of what's happening On-chain And @Injective has been showing lots of strength despite the market condition - $57.8M Total staked - $1.8+B Transaction count - 6.5M Total burned Week #19, absolutely amazing Let's see what #20 holds
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Another bites the dust!!! This is $INJ burn auction for week #18 Over 8.5k $INJ permanently burned - Wallet increasing - Transaction count on the rise - Volume is gradually increasing Burn mechanism like no other Deflationary by design
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it's weekend try and touch grass your $INJ bags will pump
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Now that the @Injective LYORAL UPGRADE is COMPLETE, here are few changes you will notice ➮ Before LYORA; - Gas fees were always the same, whether network's busy or idle After LYORA; - Fees now adjust based on demand automatically. Low activity super cheap fees(vise versa) ➮ Before LYORA; - Transactions were a messy free-for-all, get skipped, stuck behind bots, and never know when yours would go through After LYORA; - The new mempool (aka the waiting room for transactions) is now smart and organized. Important transactions (like large DeFi trades or protocol operations) get priority. Everyone gets a faster, smoother experience. ➮ Before LYORA; - Injective was already fast, but it had room to grow. Latency (delay) COULD spike under pressure. After LYORA; - Latency dropped, things move quicker. Throughput improved, it can now handle more users, more apps, more everything. . . ............ The bottom is that @Injective LYORA upgrade is not just a tweak on few settings, it's a paradigm shift Considering recent moves been made by the $INJ team, it's very evident that they are intentionally positioning themselves for OLD MONEY coming in Hold on right ninjas it's about to get really cracker-jacking on here
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What do Wednesday Addams and Wednesdays on Injective have in common? Zero emotion. Maximum burn 🔥 Coz in exactly 5hours from now, The weekly @Injective burn auction round #198 will conclude with over $80k worth of $INJ burn Which increases the total number of INJ burn till date to ~6.5M INJ burn over all INJ burn mechanism is genius, @Token Terminal dropped receipt 🫳🏽
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