Injective

Injective continues to strengthen its validator ecosystem with the addition of industry-leading partners who contribute both technical expertise and strategic value to the network.

Today, we spotlight Zellic, the blockchain security powerhouse that entered the active Injective validator set in 2024 and has since become an integral part of the ecosystem's security infrastructure.

What is Zellic?

Zellic specializes in securing emerging technologies, with security researchers who have uncovered vulnerabilities in world-class companies ranging from Fortune 500 giants to DeFi-native protocols. This blockchain security firm combines zero-knowledge proof expertise with Cosmos SDK specific knowledge, having audited critical infrastructure for Celestia, Berachain, and the Cosmos Hub itself. 

With their background in real-world offensive security research, Zellic finds what others miss. The company has established itself as a leading authority in blockchain security, having identified critical vulnerabilities that could have placed billions of dollars at risk across various protocols.

Zellic's Security Arsenal: Tools That Define Industry Standards

Zellic's impact on the blockchain security landscape extends far beyond traditional auditing services. The company has developed two revolutionary tools that have become go-to resources for blockchain developers of all types:

EVM-trackooor - A sophisticated security analysis tool that helps developers identify potential vulnerabilities in EVM-based smart contracts.

Masamune Security Scanner - An innovative utility that allows searching for smart contract security insights, identifying potential pitfalls from a curated list of audit reports, bug fixes, and technical documentation of various protocols. Masamune combines precise regex capabilities with AI-enhanced contextual understanding, making security knowledge accessible independent of expertise level.

These tools represent Zellic's commitment to democratizing blockchain security, providing developers with the resources they need to build secure applications from the ground up.

Comprehensive Security Expertise Across Ecosystems

Zellic's expertise spans across a wide range of protocols and chains including EVM, Cosmos, Solana, Move, cryptography, and DeFi primitives. The firm has conducted security assessments for notable clients including LayerZero, Solana Foundation, Sui, Scroll, and Jump. Their specialized knowledge in virtual machine audits and advanced vulnerability research has made them particularly valuable for projects building innovative blockchain technologies.

Validator Performance and Network Contribution

Zellic's validator performance on Injective demonstrates their commitment to network security and reliability.

Current stake: 4.70M INJ (~$62M)

Commission: 5% (0% for new delegations until July 27th, 2025)

Uptime (based on last 10k blocks): 97.92% 

As part of their validator responsibilities, Zellic contributes to:

Network Security: Validating transactions and securing the Injective blockchain

Governance Participation: Active involvement in protocol governance decisions

Community Education: Sharing security expertise with developers and users

Ecosystem Development: Supporting the growth of secure applications on Injective via IRL and digital activations.

Beyond their validator operations, Zellic has supplied a slew of audit reports for Injective and its ecosystem projects.

Recognition Through the Validator Rebate Campaign

Zellic's exceptional contributions to the Injective ecosystem have been formally recognized through their inclusion in the first cohort of the Injective Validator Rebate Campaign. This strategic initiative, running from May 27th to July 27th, 2025, is designed to incentivize delegators with idle or inactive INJ to stake with validators who have consistently demonstrated their commitment to the Injective ecosystem. New delegations to Zellic or other participating validators during the campaign period will receive rebates on any commissions collected, with Zellic offering 0% commission for new delegations until July 27th, 2025.

For those interested in participating in the ongoing Validator Rebate Campaign, staking is available through Injective Hub with a minimum delegation of just 1 INJ. Join the campaign today and help secure the network while maximizing your validator rewards alongside one of the blockchain industry's most respected security firms.

Building the Future of Secure Finance

The Validator Rebate Campaign exemplifies Injective's community-driven approach to network growth, with Zellic representing the gold standard in blockchain infrastructure—entities that don't just validate transactions but actively shape the ecosystem's technical and strategic direction.

As Injective continues onboarding institutional participants, maintaining a robust validator set with security-focused partners like Zellic becomes increasingly critical. This collaboration offers both new and experienced stakers an opportunity to align their interests with validators who are actively building Injective's tomorrow.

The collaboration between Injective and Zellic represents more than just validator operations—it's a strategic alliance that strengthens the entire ecosystem's security posture while advancing the broader mission of bringing institutional-grade security to Injective’s ecosystem.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Today Injective is launching a brand new Ambassador Program, a comprehensive upgrade aimed at enhancing community participation and content creation across the ecosystem. This strategic initiative marks a significant step forward in how Injective engages with its global community, introducing structured reward mechanisms and easy ways for participation that align with the Injective’s mission to make finance accessible to all.

We created the Injective Ambassador Program to bring together one special family of ninjas to work together, build together, and grow together. Join us in building the future of finance together.

— Eric Chen, Co-founder & CEO of the Injective Foundation

Injective Supporters & Ninja Missions

Starting now, everyone worldwide can get started and join with 5,000 INJ up for grabs every month!

We are also launching Ninja Missions which allows anyone to contribute and earn rewards by joining our Discord community. You can now easily acquire the Injective Supporter role and participate in the Ninja Missions. By completing missions, you’ll earn Ninja Points, which can be redeemed for INJ, the Ninja Pass, and more via the Injective Reward Store. (Much more exclusive rewards to come!)

What are Ninja Missions?

The Ninja Missions are quick tasks which any of the Injective Supporter role holders can enter to earn rewards.

These tasks can include but are not limited to: Engaging with different ecosystem projects on social media, participating in different community activities, creating thoughtful new content and much more.

What are Ninja Points?

Ninja Points are the points which you earn by completing the Ninja Missions and these points can be redeemed for special rewards which can be bought from the Injective Reward store.

You can check your current balance of Ninja Points by running the tpoints command in the Bot Commands channel of our Discord Server.

What is the Injective Reward Store?

The Injective Reward Store is a new way to reward the community members who participate within the community activities and earn Ninja points.

The Injective Reward Store will feature many special rewards, for starters, the members will be able to redeem INJ Tokens or Ninja Passes from the store and contact any member of the Community Team to claim.

You can visit and check out the Injective Reward Store over here.

Getting Started

It's never been easier to get started as an Injective Ambassador.

Acquiring the Injective Supporter Role

If you’re a new nINJa, you can simply follow the steps below.

Set an NFT from one of the community NFT collections as the profile picture for your social media accounts.

Get an .INJ domain name from the Injective Name Service & include that domain in your display name in your social media accounts. (e.g. Eric // eric.inj)

Once you have done the above steps, head over to our Discord server and verify yourself to obtain the role from here.

Starting with the Ninja Missions

Now that you have successfully obtained the Injective Supporter Role, you can head over to our Discord Server and check out the Ninja Missions channel to begin your road to earning rewards.

Now, how does it work? 

It is really simple to do the Ninja Missions, all you need to do is follow the steps below.

The Injective Community Team & the Ambassador Leaders will regularly post Ninja Missions.

You can keep on a lookout for new Ninja Missions on the Ninja Missions channel.

Once there is a new Ninja Mission and you complete it, you can click on the thread below the Ninja Missions post and submit your proof of completion.

Soon after, the submission will be reviewed and you will receive your Ninja points.

So what are you waiting for? Head on over to our Discord Server and get started with the Ambassador Program!

Key updates to the current Ambassador Program

The new Ambassador Program also introduces several major structural improvements, simplifying participation and expanding possibilities for all contributors.

The program will reward the top 100 contributors with a reward pool of up to 2,500 INJ every month. By doing so the program will directly enable the best creators and community members to earn unmatched rewards on a monthly basis.

Injective Creator Group

To encourage more efficient creativity & collaboration, the Injective Creator Group and Injective Artist Group have now been merged into one unified Injective Creator Group. This allows contributors to pursue all forms of content creation without boundaries whether it’s visual art, videos, writing, or memes while working together to help with the growth of Injective.

Introducing the Injective Community Group

Meet the new Injective Community Group, a dedicated team focused on onboarding new members and creating vibrant, engaging community experiences. From Twitter Spaces and AMAs to hands-on workshops, ambassadors will lead the charge in making the Injective community a thriving community to be a part of. Together, they will help spread Injective’s mission far and wide.

Think you might be a good fit to be an Injective Ambassador? Apply here!

Injective 🤝 Kaito

As part of Injective’s ongoing social and community growth, we have introduced the Injective Yapper Leaderboard on Kaito.

Community members can now talk, create, and share content about Injective all while earning rewards based on their leaderboard rankings.

Read the thread written by a member of our community team here to learn more and get started with yapping.

The new Injective Ambassador Program isn’t just an update, it's a movement. One that brings our community closer together, rewards meaningful work, and drives the decentralized revolution forward.Let’s build the future of finance together.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Today, Injective adds BitGo, the leading infrastructure provider of digital asset solutions and the world's largest staking platform, to the Injective network as an institutional-grade validator, powered by Twinstake. This significant addition brings unparalleled security, scale, and institutional backing to the Injective ecosystem, leveraging BitGo's proven track record of securing over $100 billion in assets under custody and managing $48 billion in staked assets across their supported digital asset ecosystems.

BitGo’s support for Injective represents another step in Injective's institutional adoption, combining the network's purpose-built financial infrastructure with BitGo's industry-leading custody and staking solutions. Through this integration, Injective further solidifies its position as the premier blockchain for institutional finance applications while providing BitGo’s extensive client base with direct access to Injective's innovative DeFi ecosystem.

BitGo: The Backbone of Institutional Digital Asset Infrastructure

Since its founding in 2013, BitGo has established itself as the cornerstone of institutional digital asset management, trusted by over 2,000 institutions across 90+ countries. The platform's impressive scale speaks to its market leadership: BitGo has facilitated over $2 trillion in lifetime transaction volume and processed over 250 million transactions. This extensive track record has made BitGo the preferred infrastructure provider for many of the world's top crypto exchanges, with over 100 crypto exchanges utilizing BitGo's services.

BitGo's comprehensive suite of services includes custody, wallets, staking, trading, financing, and settlement, all delivered from regulated cold storage. The platform's commitment to security and compliance is evidenced by its status as a qualified custodian with multiple regulated entities worldwide, providing institutional clients with the regulatory clarity and protection they require. What sets BitGo apart in the staking landscape is its unmatched asset coverage and institutional focus.

Institutional-Grade Infrastructure Powered by Twinstake

BitGo's validator on Injective is powered by Twinstake, a premier institutional-grade, non-custodial staking provider that has been securing the Injective network for over 18 months under their own validator infrastructure. Twinstake's infrastructure is specifically designed for institutional clients, featuring enterprise-grade security protocols, compliance frameworks, and performance monitoring that align with BitGo's institutional standards.

Twinstake brings a solid track record, currently managing over 1.5 million INJ tokens in delegated stake on the Twinstake validator on the Injective network.

Looking Forward

The launch of BitGo's validator, powered by Twinstake, on Injective marks a significant step forward in bridging traditional institutional finance with next-generation blockchain infrastructure.

Further, the integration also supports Injective's growing tokenization ecosystem, which has seen significant institutional adoption from companies like Republic and Libre in collaboration with Nomura's Laser Digital. BitGo's expertise in asset tokenization and custody provides additional infrastructure support for these initiatives, accelerating institutional adoption of onchain financial products.

Users can begin to stake INJ via BitGo through its institutional portal or via the Injective Hub where they will be able to find BitGo. As Injective continues to expand its institutional footprint with platforms like Upshift and integrations with Google Cloud, BitGo's presence provides additional technical support for these institutional-focused initiatives.

The validator infrastructure, powered by Twinstake and supported through BitGo’s institutional platform, is now live and ready to serve BitGo’s extensive institutional client base—providing secure, compliant access to Injective's innovative financial infrastructure and the broader opportunities within the rapidly expanding Injective ecosystem.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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About BitGo

BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com

About Twinstake

Twinstake is the institutional staking standard, providing non-custodial, compliant, and performance-optimized staking solutions for financial institutions, ETFs, custodians, and crypto-native funds. Founded in 2022 as a joint venture between WebN and Nethermind, and backed by SC Ventures, SBI Holdings, and Further Ventures, Twinstake combines traditional finance rigor with deep blockchain expertise. We integrate seamlessly with preferred custodians, deliver enterprise-grade reporting and SLAs, and operate over 10,000 Ethereum validators while capturing over 40% of the European ETP staking market. Institutions choose Twinstake for its security-first approach, regulatory alignment, and concierge-level service that removes the operational headache from staking. For more information, visit www.twinstake.com

Today, trading on Injective just became easier. Degen Arena, an innovative social trading platform that transforms competitive trading into an immersive, community-driven experience., is now live on Injective.

Built on Injective's lightning-fast infrastructure and powered by Helix, Injective's premier decentralized exchange, Degen Arena introduces a new paradigm where traders can form clans, share strategies, and compete in real-time while executing sophisticated trading strategies with unprecedented ease.

Getting Started with Degen Arena

Navigate to the Degen Arena website and click on the “Get Started Button”

Open your telegram and the Degen Arena bot should be added to your chat window.

Type “/start” in the Degen Arena chat to kick things off. 

Fund your Injective Address with USDT.

Choose a market you’d like to trade by opening a long or short position.

Set your margin.

Execute trade.

(Optional) Join or create a clan and begin chatting with other traders and sharing your wins (and losses), trading strategies, or myriad other info about the market.

The Evolution of Social Trading

Degen Arena aims to seamlessly bridge the gap between traditional perpetuals trading and social gaming, creating an environment where traders can showcase their skills, learn from others, and build trading communities that extend far beyond individual P&L’s. 

Degen Arena transforms complex perpetuals trading into an intuitive, three-command experience while preserving the full functionality that professional traders require. Users can easily establish both long and short positions across a wide range of markets with just a few clicks. The platform includes sophisticated risk management features that enable traders to set take profit and stop loss orders with precision. These automated systems help protect capital and lock in gains without requiring constant monitoring, allowing traders to participate in multiple strategies simultaneously. The platform's streamlined interface abstracts away the technical complexities of traditional derivatives trading, allowing users to focus on strategy rather than execution mechanics.

The platform addresses a fundamental challenge in the DeFi space: the complexity and isolation that often characterizes traditional trading experiences. By gamifying the trading process and introducing social elements, Degen Arena makes sophisticated financial strategies accessible to traders of all experience levels while maintaining the robust functionality that professional traders demand.

Simplified Execution Process

True to its promise of trading in only a few taps, Degen Arena enables users to select their desired market, define their margin and leverage preferences, and execute trades through a streamlined process that eliminates the friction typically associated with derivatives trading. This simplification doesn't come at the expense of functionality – advanced users can still access detailed order types and sophisticated trading strategies through the platform's comprehensive interface.

One of Degen Arena's most innovative features is its clan system, which transforms solitary trading into a collaborative social experience. This system enables traders to form communities around shared strategies, market outlooks, or simply competition, creating an environment where knowledge sharing and friendly competition drive collective success.

New users can immediately immerse themselves in the platform's social ecosystem by joining established clans that align with their trading style or interests. These communities provide access to shared alpha, trade copying features, and the opportunity to learn from more experienced traders.

For ambitious traders, Degen Arena offers the opportunity to establish their own clans and build trading empires from the ground up. Clan leaders can recruit members, set participation criteria, and establish unique cultures around their trading philosophies. The platform provides tools for tracking clan performance, managing member contributions, and rewarding successful strategies.

Powered by Helix: Institutional-Grade Trading Infrastructure

At the heart of Degen Arena lies Helix, Injective's premier decentralized exchange, which provides the platform with unparalleled speed, security, and reliability. Helix's orderbook-based architecture ensures that all trades executed through Degen Arena benefit from minimal slippage, competitive fees, and lightning-fast execution times that rival centralized exchanges.

Furthermore, Helix's sophisticated risk management systems provide an additional layer of security for Degen Arena traders, with features like automated liquidation protection and margin monitoring ensuring that users can trade with confidence even in highly volatile market conditions.

The Future of Social Trading on Injective

Degen Arena represents just the beginning of what's possible when combining Injective's cutting-edge blockchain infrastructure with newly emerging social trading concepts.

This launch underscores Injective's commitment to building the most comprehensive and user-friendly DeFi ecosystem in the blockchain space. Start your journey today at Degen Arena and discover how social trading is transforming the future of DeFi on Injective.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Today marks a significant milestone in the evolution of community-driven engagement within the Injective ecosystem as Kaito AI, the premier crypto sentiment analytics platform, officially launches its innovative Yapper Leaderboard system on Injective.

Users creating quality Injective content will be reward with $INJ tokens! Right now thousands of INJ tokens are up for grabs on a monthly basis. Get started while rewards last.

Introducing Kaito AI & INJ Rewards

Kaito AI has demonstrated remarkable traction since its inception, attracting over 5 million registered users and enabling more than 170,000 creators to deploy over 200,000 AI-powered tools. The platform's innovative approach to tokenizing attention through its "InfoFi" framework aligns perfectly with Injective's mission to build the premier infrastructure for next-generation financial applications.

Injective is has launched its first ever Injective Kaito Yapper Reward Program, an initiative designed to recognize and reward community members who actively contribute to Injective's growth and visibility.

Participants can earn rewards by engaging with the Injective community through social media content creation, discussions, and sharing ideas. The campaign aims to foster a vibrant community by incentivizing meaningful contributions.

🛠️ How to Participate

Register: Sign up on the Injective Leaderboard using your X (formerly Twitter) account.

Engage: Create and share content related to Injective, including articles, threads, memes, and discussions.

Track Progress: Monitor your standing on the leaderboard in real-time.

Earn Rewards: At the end of each month, the top contributors will be rewarded based on their rankings.

📌 Eligibility and Guidelines

Quality Over Quantity: Engagement is measured by the impact and quality of contributions, not just volume.

Transparency: Rankings are determined by Kaito’s algorithm to ensure fairness and objectivity.

🔗 Resources

Leaderboard & Tracking: Injective Leaderboard

Community Engagement: Injective X Community

Injective Discord: Injective Discord

👀 Coming Soon: The New Injective Ambassador Program

Where dedicated community members can:

Join ambassador groups aligned with your skills (content, devrel, community, etc.)

Complete Ninja missions and grow your social presence

Earn monthly INJ rewards and unlock higher status and rewards

It all starts by becoming an Injective Supporter, then leveling up through consistent contribution.

Stay tuned for more details within our Discord and learn how to apply soon 🥷️

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Overview

In a blockchain, an account represents a unique entity (like a user or smart contract) identified by an address, which holds a balance of tokens or assets and is secured by cryptographic keys. Transactions are digitally signed instructions initiated by accounts to transfer assets, update the blockchain's state, or execute smart contract functions. Together, accounts and transactions form the backbone of blockchain operations: accounts maintain ownership and state, while transactions drive the network's activity, ensuring secure, transparent, and immutable record-keeping as they are validated and added to the distributed ledger.

The Injective Network, a Layer-1 blockchain built for next-gen finance. Designed to deliver high-speed, scalable, and interoperable solutions, Injective stands out with its ability to process transactions efficiently while maintaining a decentralized ethos. In this deep tech dive, we’ll explore the intricacies of transactions and accounts on the Injective Network.

Transactions on the Injective Network

Transactions are the lifeblood of any blockchain, and Injective’s design prioritizes efficiency, security, and flexibility. Here’s how they work under the hood.

Transaction Flow: From Preparation to Finality

Every transaction on Injective follows a structured three-step process: preparation, signing, and broadcasting. This flow ensures that transactions are secure, verifiable, and seamlessly integrated into the blockchain.

1. Preparation  

   A transaction begins with defining its purpose, such as transferring INJ tokens, staking, or interacting with a smart contract. Developers or users craft a message (e.g., `MsgSend` for token transfers) using Injective’s SDK tools. This message includes critical details like the sender’s address, recipient’s address, and amount. The transaction is then enriched with metadata, such as the account sequence number, chain ID (e.g., `injective-1` for mainnet), and a timeout height to prevent indefinite delays. For Ethereum-native wallets like MetaMask, the transaction is converted into EIP-712 typed data, Injective supports this standard to ensure compatibility with Ethereum’s signing mechanisms.

2. Signing  

   Once prepared, the transaction must be cryptographically signed to prove authenticity and authorization. Injective supports multiple signing methods, including Amino (Cosmos-native) and EIP-712 for Ethereum wallets. The signer—typically the account holder—uses their private key to generate a signature. This signature is appended to the transaction, ensuring it cannot be tampered with. For example, a user sending 0.01 INJ would sign the EIP-712 typed data via MetaMask, linking their Injective address (e.g., `inj1...`) to their Ethereum address.

3. Broadcasting  

   The signed transaction is then broadcast to the Injective network via a REST API endpoint (e.g., `https://sentry.tm.injective.network:443`). Validators, who secure the network through staking INJ, process the transaction using the Tendermint consensus protocol. Tendermint’s Byzantine Fault Tolerance (https://blog.injective.com/understanding-injective-architecture-and-consensus/) ensures that the transaction is agreed upon by a majority of validators and included in a block. With block times averaging 0.71s, transactions achieve near-instant finality—meaning once confirmed, they’re set in stone.

Transactions to Modules

On Injective, a transaction is a signed data structure that contains one or more messages, along with metadata like fees, gas limits, and signatures. Messages are module-specific instructions that define the action to be performed (e.g., sending tokens, placing an order, staking).

One good example of this is when interacting with different modules by `injectived`

# send a transaction to exchange module to place a spot limit order.

injectived tx exchange create-spot-limit-order ...

#send a transaction to wasm module to execute smart contract logic.

injectived tx wasm execute ...

Zero Gas Fee

One of Injective’s standout features is its approach to gas fees. Unlike other blockchains, where users pay gas for every transaction, Injective eliminates network gas fees for end-users on its DEX applications like Helix. This is made possible by Injective’s API nodes, which handle transaction relaying and data indexing without charging gas. For developers or users interacting directly with the chain (e.g., staking or governance), an average $0.0003 transaction fee applies, payable in INJ, this is negligible compared to Ethereum’s costs.

MEV Resistance

Injective tackles Miner-Extractable Value (MEV), a common issue in order-book-based DEXs. MEV occurs when miners or validators reorder transactions for profit, such as front-running large trades. Here are solutions from Injective:

1. Frequent Batch Auction (FBA): Unlike traditional order book exchanges that match trades continuously, FBA groups transactions into fixed time intervals and matches them all at once at the end. This removes the time advantage that front-runners typically exploit.

2. Sealed bids: Transactions remain hidden until the auction ends, preventing participants from seeing others’ orders in advance or adjusting their strategies. This privacy removes the information advantage that MEV actors rely on. Think of it like a queue where no one can see what others are ordering until it’s too late to change their own.

By mitigating MEV, Injective ensures a level playing field for traders.

Interoperability in Action

Transactions on Injective aren’t limited to its native chain. The network’s bridges—such as the Peggy bridge for Ethereum and Wormhole for broader IBC ecosystems—enable cross-chain asset transfers. For instance, an ERC-20 token can be locked in a smart contract on Ethereum, relayed via a Peggy bridge, and minted as a native asset on Injective. This process, while complex, is abstracted for users through the Injective Hub, making cross-chain transactions as simple as a few clicks.

Accounts on the Injective Network

Accounts are the entities that initiate and receive transactions on Injective. They’re more than just addresses—they’re the backbone of user interaction with the network.

Account Structure

Injective accounts are derived from a public-private key pair, following the Cosmos ecosystem’s Bech32 address format (prefixed with `inj`). For example, an address might look like `inj1hkhdaj2a2clmq5jq6mspsggcdwcdaz5yxq5gkn`. Each account has:

- **Public Key**: Used to verify signatures.

- **Private Key**: Kept secret, used for signing transactions.

- **Account Number**: A unique identifier assigned upon account creation.

- **Sequence Number**: A counter that increments with each transaction to prevent replay attacks.

Accounts are linked to Ethereum addresses via a deterministic mapping, allowing users to use the same key pair across both ecosystems. For instance, an Ethereum address (`0x...`) can be converted to an Injective address (`inj1...`) using tools from the Injective SDK. Example can be found at: 

To derive Bech32 address from private key/mnemonic phrase:

import { Wallet } from 'ethers'

import { Address as EthereumUtilsAddress } from 'ethereumjs-util'

const mnemonic = "indoor dish desk flag debris potato excuse depart ticket judge file exit"

const privateKey = "afdfd9c3d2095ef696594f6cedcae59e72dcd697e2a7521b1578140422a4f890"

const defaultDerivationPath = "m/44'/60'/0'/0/0"

const defaultBech32Prefix = 'inj'

const isPrivateKey: boolean = true /* just for the example */

const wallet = isPrivateKey ? Wallet.fromMnemonic(mnemonic, defaultDerivationPath) : new Wallet(privateKey)

const ethereumAddress = wallet.address

const addressBuffer = EthereumUtilsAddress.fromString(ethereumAddress.toString()).toBuffer()

const injectiveAddress = bech32.encode(defaultBech32Prefix, bech32.toWords(addressBuffer))

You can learn more on Injective documentation: https://docs.injective.network/getting-started/wallet/accounts

Account Types and Management

There are 3 main types of Addresses/PubKeys available by default on Injective:

Addresses and Keys for accounts that identify users (i.e., the sender of a message). They are derived using the eth_secp256k1 curve.

Addresses and Keys for validator operators, which identify the operators of validators. They are derived using the eth_secp256k1 curve.

Addresses and Keys for consensus nodes, which identify the validator nodes participating in consensus. They are derived using the ed25519 curve.

Users manage accounts through wallets like MetaMask, Keplr, or Ledger, which integrate with the Injective Hub—a one-stop portal for staking, governance, and bridging. The Hub simplifies tasks like delegating INJ to validators or voting on governance proposals, all tied to the account’s INJ balance. `injectived` CLI can also help to manage accounts, for more details you can refer to this page: https://docs.injective.network/toolkits/injectived

Staking and Governance

Accounts staking INJ can participate in network security and governance. Staking involves locking INJ with a validator to earn rewards. The staked amount contributes to the account’s voting power, allowing holders to influence protocol upgrades, market listings, and fee structures. For example, a proposal to list a new trading pair on Helix requires a quorum of votes from INJ-staked accounts.

Security and Privacy

Injective prioritizes account security with advanced cryptography. Private keys never leave the user’s control, and transactions are signed locally before broadcasting. The network’s PoS consensus, combined with Tendermint’s BFT, ensures that accounts are protected from double-spending or unauthorized access, provided users safeguard their keys.

Conclusion

Understanding the structure and function of accounts and transactions is fundamental to know how the Injective Network powers decentralized finance. With its purpose-built architecture, Injective not only ensures secure and transparent interactions through cryptographic account management and transaction validation, but also achieves high performance and interoperability that sets it apart from other Layer-1 chains.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Today, Injective is expanding the horizons of DeFi by bringing the world's most liquid financial markets onchain. Following its pioneering work in commodities tokenization, Injective now provides seamless access to foreign exchange trading with EUR and GBP pairs, addressing the limitations and accessibility barriers present in traditional forex markets.

This launch was made possible by Injective’s introduction of the iAsset framework which enables major traditional finance (TradFi) assets such as stocks, commodities and now FX to move onchain with programmable utility and liquidity from day one.

The Forex Market: A $7.5 Trillion Juggernaut 

The foreign exchange market stands as the world's largest and most liquid financial market, with daily trading volumes reaching an unprecedented $7.5 trillion as of 2022. To put this into perspective, the forex market dwarfs all other financial markets combined, processing more transactions in a single day than most stock markets handle in months.

The EUR/USD pair alone generates $1.71 trillion in daily trading volume on traditional exchanges, making it the most traded currency pair globally and representing 22.7% of all forex activity. Meanwhile, GBP pairs continue to be among the most actively traded instruments in TradFi, with the USD/GBP pair achieving $714 billion in daily turnover. These astronomical figures underscore the critical importance of foreign exchange in the global financial ecosystem.

Forex as the Ultimate Financial Asset

Foreign exchange offers unique advantages that make it an essential component of any sophisticated trading portfolio. The forex market's exceptional liquidity means traders can execute large transactions with minimal price impact, while its 24-hour nature across global time zones provides continuous opportunities for trading.

Unlike traditional asset classes, forex trading allows participants to take positions from both rising and falling markets simultaneously. Currency pairs inherently provide two-way trading opportunities. When you buy EUR/USD, you're simultaneously buying euros and selling dollars, creating natural hedging mechanisms within single transactions. This bidirectional nature makes forex trading uniquely flexible compared to traditional equity or commodity markets.

Injective's Advantage to Traditional Forex Markets

Traditional forex markets, while operating nearly around the clock during weekdays, still face limitations during weekend closures and holiday periods. Injective shatters these constraints by offering truly continuous forex trading 365 days per year, including weekends and holidays when traditional markets remain closed.

The leverage capabilities on Injective extend up to 100x, exceeding what's available on traditional centralized platforms while maintaining the security and transparency of DeFi trading. This combination of leverage accessibility with truly full time trading hours levels up the forex trading ecosystem.

Bridging Traditional Finance with DeFi Innovation

Injective's forex implementation addresses critical pain points that have long plagued traditional currency markets. Counterparty risk, a persistent concern in over-the-counter forex trading, is eliminated through smart contract automation and decentralized settlement mechanisms. Traders no longer need to worry about broker defaults or settlement failures that occasionally impact traditional forex markets.

Global accessibility represents another revolutionary advantage. Traditional forex trading often requires substantial minimum deposits, complex account verification processes, and geographic restrictions. Injective's permissionless architecture enables anyone with an internet connection to access institutional-grade forex trading capabilities without traditional barriers.

The programmable nature of tokenized forex pairs opens unprecedented possibilities for automated trading strategies and composable DeFi strategies to boost yield. Smart contracts can execute complex hedging strategies automatically, respond to market conditions in real-time, and integrate forex positions with broader DeFi protocols in ways that traditional markets simply cannot accommodate.

The Future of Onchain Finance

Injective's expansion into forex trading with EUR and GBP markets represents more than just adding new trading instruments. It signals the maturation of DeFi into a comprehensive alternative to traditional financial markets.

The combination of forex trading with Injective’s existing derivatives, commodities, and spot markets creates a unified ecosystem where traders can implement sophisticated strategies spanning multiple asset classes. This addition of forex only bolsters the future of finance: borderless, accessible, and operating with the transparency and security that only blockchain technology can provide for all asset classes.

Injective remains committed to democratizing access to the world's most important financial markets while providing the tools and infrastructure that traders demand.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Injective is pleased to announce the first cohort of the Injective Validator Rebate Campaign, a strategic initiative designed to incentivize delegators with idle or inactive INJ to stake with validators who have consistently demonstrated their commitment to the Injective ecosystem. 

From May 27th to July 27th 2025, new delegations to the following four validators: Zellic, Informal Systems, SCV, or Kiln will receive rebates on any commissions collected during the two months while the campaign operates. These validators have shown strength in technical infrastructure, governance, and expanding the developer ecosystem on Injective.

Participating Validators

Zellic

Zellic entered the Injective validator set in 2024 and has supplied a slew of audit reports for Injective and its ecosystem projects. This blockchain security powerhouse combines zero-knowledge proof expertise with Cosmos SDK mastery, having audited critical infrastructure for Celestia, Berachain, and the Cosmos Hub itself. Zellic’s EVM-trackooor and Masamune security scanner have become go-to tools for blockchain developers of all types.

Current Stake Amount: 4.22M INJ (~$56.93M USD)

Current Commission Rate: 5% (0% for new delegations until July 27th, 2025)

Current Uptime (based on last 10k blocks): 96.40%

Informal Systems

Founded by Cosmos co-creator Ethan Buchman, Informal Systems has validated Injective since November 2022 while contributing core infrastructure to the network. In addition to validator operations, Informal offers a suite of services including security audits and formal verification tools. Apalache, their formal verification tool and TLA+ testing framework underpin Injective’s institutional-grade security. Their groundbreaking work on the Cycles clearing system—a peer-to-peer debt settlement protocol—positions Injective as a leader in traditional finance interoperability.

Current Stake Amount: 3.99M INJ (~$53.82M USD)

Current Commission Rate: 5% (0% for new delegations until July 27th, 2025)

Current Uptime (based on last 10k blocks): 99.65%

SCV-Security

SCV-Security has been a key player of Injective’s validator set since 2023, combining institutional-grade security expertise with deep Cosmos ecosystem integration. As a regulated entity, SCV provides comprehensive security engagement, smart contract audits, penetration testing, end-to-end security and slashing protection while operating bare-metal validators across multiple chains. Their team of white-hat hackers and cybersecurity professionals has audited critical Injective blockchain components and ecosystem projects, earning praise for their proactive approach to identifying risks beyond contractual scope.

Current Stake Amount: 3.06M INJ (~$41.21M USD)

Current Commission Rate: 5% (0% for new delegations until July 27th, 2025)

Current Uptime (based on last 10k blocks): 99.92%

Kiln

A Paris-based staking infrastructure company since 2018, Kiln joined Injective’s validator set in January 2023. Focusing on  enterprise clients, Kiln’s API-first platform enables automated stake management while maintaining SOC2 Type 2 compliance—a critical requirement for institutional participants. Kiln’s enterprise-grade node orchestration system powers several Injective institutional products, including the recently launched Upshift stablecoin vaults that provide active yield strategies for DeFi users.

Current Stake Amount: 2.77M INJ (~$37.37M USD)

Current Commission Rate: 10% (0% for new delegations until July 27th, 2025)

Current Uptime (based on last 10k blocks): 98.65%

Campaign Mechanics: How to Participate

New Delegators: Stake INJ with any participating validator between May 27-July 27, 2025 to receive commission rebates for two months.

Existing Delegators: Add to your current stake with these validators during the campaign period—new increments qualify for rebates.

Rebate Distribution: Commissions will be rebated after the campaign ends. INJ will be sent directly to delegator wallets.

Building the Future of Finance Together

The Validator Rebate Campaign exemplifies Injective’s community-driven approach to network growth. SCV, Kiln, Zellic, and Informal Systems represent the gold standard in blockchain infrastructure—entities that don’t just validate transactions but actively shape the ecosystem’s technical and strategic direction.

As Injective continues onboarding institutional participants, maintaining a robust validator set becomes increasingly critical. This campaign offers both new and experienced stakers an opportunity to align their interests with the validators building Injective’s tomorrow.

Staking window: May 27 - July 27, 2025Minimum delegation: 1 INJRebate eligibility: Applies to new stake and incremental additions

Join the campaign today through Injective Hub and help secure the network, vote on governance proposals, and maximize your validator rewards. 

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Today, Injective is pioneering an innovative new development: bringing commodities onchain to address the drawbacks and accessibility issues present with trading commodities on traditional financial rails.

The global commodity market is a $142T behemoth. Commodities run the gamut between crude oil and gold to wheat and uranium. Today’s current commodity trading landscape is rife with fraud, non-accessibility, and counterparty risk. That all changes today.

This development represents a significant leap forward in how users access, trade, and utilize commodities like gold and silver. By tokenizing these traditional stores of value, Injective is bridging the gap between TradFi and DeFi, creating unprecedented opportunities for traders and investors globally.

Tokenization: Understanding Onchain Commodities

Tokenization transforms physical assets like gold and silver into digital contracts to be traded on a blockchain network. This digital representation allows for fractional ownership, seamless transfers, and innovative financial strategies that weren't possible with traditional commodity markets.

According to Deloitte, the market for tokenized assets is projected to reach an astonishing $24 trillion by 2027, with precious metals playing a pivotal role in this growth. By bringing commodities onchain, Injective is positioning itself at the forefront of this financial revolution.

Programmable Access

One of the most significant advantages of tokenized commodities on Injective is the ability to trade 24/7, regardless of traditional market hours or geographical location. This continuous market access ensures that traders can respond immediately to market-moving events rather than waiting for traditional exchanges to open.

The programmable nature of these tokenized assets enables innovative liquidity mechanisms and utility features that simply aren't possible in traditional markets. Smart contracts, and AI Agents built with iAgent, can automate various aspects of trading, lending, and collateralization, making the entire process more efficient and accessible. This programmability also allows for the creation of new financial products and services built around tokenized commodities.

Safeguarding Value in Uncertain Times

Commodities, particularly precious metals like gold and silver, have historically served as hedges against inflation and equity market volatility. As tokenized assets on Injective's blockchain, these commodities maintain their hedging capabilities while gaining the advantages of programmable liquidity and utility.

In times of economic uncertainty, fiat currencies often depreciate while commodities like gold tend to retain or increase their value. This inverse relationship makes tokenized commodities an essential component of a balanced portfolio strategy. Additionally, these assets typically don't correlate strongly with stocks and bonds, making them an attractive option for portfolio diversification and risk management.

Starting with Gold and Silver, Expanding to New Horizons

Injective's initial focus on gold and silver makes strategic sense given these metals' universal recognition and trust. Gold's millennia-long history as a store of value and silver's dual role as both a precious and industrial metal provide a solid foundation for Injective's tokenized commodity offerings.

However, Injective's vision extends far beyond these precious metals. The platform plans to rapidly expand into other commodity markets and traditional financial assets, including: other precious metals, energy commodities, agricultural products, forex currencies, and international stocks and equities.

This expansion aligns with Injective's broader strategy of bringing traditional finance onchain, similar to some of the products already launched like the revolutionary TradFi Index Perpetual Market that allows anyone to trade the largest publicly traded stocks onchain, 24/7, with leverage.

Pioneering New Use Cases for Tokenized Assets

Beyond simply digitizing commodities, tokenization on Injective enables entirely new use cases that weren't possible in traditional markets. Tokenized gold and silver can serve as collateral in DeFi lending protocols, be included in yield-generating strategies, or become components of complex financial products.

These innovations demonstrate how Injective isn't merely replicating traditional markets onchain but fundamentally transforming how users interact with commodity assets. By combining the stability of physical commodities with the programmability of blockchain technology, Injective is creating an entirely new paradigm for financial instruments.

The Golden Future of Finance

The tokenization of commodities on Injective represents a significant milestone in the evolution of financial markets. By bringing gold, silver, and eventually other commodities onchain, Injective is creating unprecedented opportunities for traders and investors while addressing longstanding challenges in traditional commodity markets.

With benefits like 24/7 trading, programmable utility, inflation hedging capabilities, portfolio diversification, and powerful leverage options, tokenized commodities on Injective offer compelling advantages over commodities on traditional financial systems. As Injective continues expanding its offerings with new products, it is pioneering a new path for the future of finance – where physical assets and digital innovation converge to create entirely new possibilities. This approach aligns with the mission of Injective: creating a more inclusive, transparent, and efficient financial system.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Today, B3X, a DeFi protocol allowing anyone to become their own quant via an AI-driven tokenized fund builder, has landed on Injective. B3X’s AI technology allows anyone to to build and maintain tokenized funds by utilizing simple natural language prompts. 

This new integration combines the power of Injective’s high-performance blockchain with B3X’s AI-driven protocol, unlocking unparalleled opportunities for new and existing traders, fund managers, and investors alike. B3X aims to empower users to vibe-code their way to becoming the next Wolf of Wall Street.

A New Era of Fund Creation: AI Meets DeFi

At the core of B3X is its ability to help users build AI-driven tokenized funds in mere seconds. Imagine designing a custom fund simply by typing natural language prompts—no coding required. With B3X’s AI-powered Fund Builder, users can:

Backtest their strategy against benchmarks to fine-tune performance.

Optimize risk-reward ratios using advanced AI algorithms.

Launch their funds instantly and even list it in the Fund Marketplace to generate trading volume and fees.

This seamless process transforms fund creation into an intuitive experience, making sophisticated financial tools accessible to everyone.

Trade the World with Injective's Shared Liquidity Layer

B3X’s decentralized exchange (DEX) protocol is built on Injective’s shared liquidity layer powered by Injective’s native exchange module. The module ensures deep liquidity and efficient execution for all users. This integration allows users to trade any on-chain asset, from cryptocurrencies to synthetic real-world assets, powered by derivatives. Whether a user is leveraging futures, options, or perpetual swaps, B3X enables anyone to "trade the world" without limitations.

With Injective’s high-speed infrastructure and B3X’s AI-driven tools, users can access:

20x leverage on futures and options trading.

Real-time sentiment analysis for informed decision-making.

A decentralized trading experience rivaling centralized platforms in performance.

Off The Shelf Strategies

B3X isn’t just about creating funds—it’s about creating funds that outperform. The platform offers a suite of strategies that anyone can take off the shelf and customize to their unique desires. By leveraging these pre-built strategies or customizing one from scratch, users can stay ahead of market trends and maximize fund performance.

For fund managers, B3X provides comprehensive analytics and backtesting tools to refine strategies before they go live. Once launched, these funds can attract liquidity providers through the Fund Marketplace, driving both volume and fees for fund creators.

Why Did B3X Choose Injective?

Injective is the ideal blockchain for B3X’s ambitious vision. As a Layer-1 blockchain optimized for DeFi applications, Injective offers unmatched scalability, security, and interoperability. Its shared liquidity layer ensures that every trade executed on B3X benefits from deep liquidity pools and ultra-fast transaction speeds. This collaboration positions B3X as a leader in decentralized derivatives trading while expanding Injective’s ecosystem with AI-enabled applications.

Fund Building - Made Easy

With B3X.ai now live on Injective, the barriers to sophisticated trading and fund management are now lower than ever before. Whether an individual investor is looking for personalized strategies or a professional fund manager is seeking new novel ways to build funds quickly and efficiently, B3X empowers users to take control of their financial strategies from A to Z.

AI-enabled finance is here, driven by innovation, and accessible through Injective. Start building today with B3X.ai and redefine what’s possible in DeFi!

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Republic, the global investment platform offering private investment and institutional-grade tokenization opportunities, has joined Injective as its latest validator.

Republic joins Injective to further grow Injective’s rapidly expanding tokenization efforts while also contributing to the Injective ecosystem as a validator. Together, the two companies will continue to push forward Injective’s vision of truly bringing together the world of traditional and on-chain finance.

What is Republic?

Republic is a group of companies, including a leading on-chain investment ecosystem, leveraging its cutting-edge global financial infrastructure to redefine global accessibility and optimize capital efficiency.

At its core, Republic began as a fundraising platform for private companies, having facilitated the raise of $3 Billion to date. 

Over the years, Republic has selectively begun to operate validator nodes on prominent networks. Today, Republic’s institutional-grade staking infrastructure powers more than 100 validator nodes across 35+ blockchains such as Avalanche and Sui.

Most recently Republic has begun its ventures into tokenization, having deployed over 50 tokenized assets to date. For instance, the Republic Note is a dividend-paying digital security that offers investors exposure to 750+ private assets held by certain companies within the Republic Ecosystem.

Republic’s Role in the Injective Ecosystem

By becoming a validator, Republic is bolstering the Injective ecosystem across a diverse set of verticals. Republic has deployed its validator node on Injective, ensuring greater security and scalability. Republic joins the ranks of prominent companies and institutions that have recently joined Injective as validators, including Google Cloud, Deutsche Telekom, and Galaxy Digital.

The addition of Republic as a validator is particularly important for Injective's expansion in the institutional sector. As a leader in the  Web3 marketplace, Republic’s participation is at the forefront of a broader institutional pivot towards on-chain technologies including blockchains, dApps, and more.

“Launching a validator to secure the Injective network is an exciting first step in establishing a deeper suite of integrations across Injective’s ecosystem. From RWAs to innovative DeFi products, we are excited to expand our Web3 footprint on Injective by bringing a new legion of institutional and retail users on-chain,” said Kendrick Nguyen, Co-Founder and Co-CEO of Republic.

Republic’s validation service reinforces Injective’s scalability, enabling greater institutional engagement through advanced asset tokenization efforts.

"Having Republic onboard as a validator is yet another sign of confidence from a major institutional player in the Injective ecosystem. We're looking forward to collaborating with the Republic team to expand our shared tokenization efforts," remarked Eric Chen, Co-Founder and CEO at Injective Labs.

Republic and Injective aim to broaden their collaboration over time into other areas such as asset tokenization. Injective has begun to pioneer multiple innovative real world asset offerings such as the BlackRock BUIDL Fund Index, its Tokenized AI Stock Index and its most recent TradFi Stock Index. These products are designed to provide Injective users with on-chain exposure to traditional equity performance.

Institutional Expansion on Injective

As more institutional players recognize the value of blockchain and Web3, Injective continues to lead the charge in bringing together traditional industries and novel applications across the DeFi landscape.

Republic’s participation aims to help Injective bring institutional-grade security and performance to the network, making it an attractive platform for both developers and users in the growing decentralized financial ecosystem, particularly in areas such as real-world asset tokenization and institutional trading. This collaboration marks a significant step in Injective’s continued mission of bringing traditional finance to the on-chain world.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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About Republic

Republic is a financial technology firm specializing in private market investment services. Republic operates a marketplace platform for community financing, accredited investment opportunities, full-service tokenization, institutional-grade staking infrastructure, digital asset management, blockchain advisory, and private investment advisory services. 

Republic has facilitated over $2.6 billion in investments, supported over 2,500 ventures, with a community of over 3 million users across 150 countries. Republic is backed by dozens of leading investment firms and financial institutions and has co-invested with the best names in venture and private equity. 

Founded in 2016, Republic is headquartered in New York City with offices worldwide.

Injective is a high-performance Layer-1 blockchain optimized for decentralized finance (DeFi) applications, featuring a robust architecture and consensus mechanism that ensure scalability, security, and interoperability.

Architecture Overview

To better understand the architecture of Injective, let's start from the basic layers. These layers define the basic abstract framework of the blockchain. They are:

Application Layer: Handles business logic through customizable modules (e.g., staking, governance). Developers implement BaseApp to define transaction processing and state transitions.

Consensus Layer: Powered by the Tendermint Core BFT consensus engine (with custom core implementation), providing Byzantine fault tolerance and instant finality. Interfaces via ABCI (Application Blockchain Interface) can provide interoperability for the blockchain.

Networking Layer: Uses the P2P gossip protocol for block propagation and consensus message exchange. Validator direct peering reduces network latency.

Modules

​In the context of the Injective blockchain, modules are distinct components that encapsulate specific functionalities, enabling a modular and extensible architecture.

Injective's architecture is meticulously designed to support a wide array of DeFi applications, including decentralized exchanges (DEXs), derivatives trading, and cross-chain asset transfers. Injective provides powerful and highly customizable modules for developers and users. Developers can build dApps with modules as tools out of the box. For example, the exchange module facilitates the development of decentralized trading platforms, while the oracle module provides reliable access to off-chain data. This modular approach accelerates development timelines and ensures application reliability and security. Additionally, Injective's integrated MultiVM environment will support both WASM, EVM and SVM, enabling developers to deploy smart contracts across multiple virtual machines seamlessly.

Notable modules include:

1. Exchange Module

Fully on-chain orderbook DEX supporting spot, perpetuals, and futures.

Diverse Market Support: Traders can engage in various markets, including:

Derivative Markets: Such as perpetual swaps and futures.

Spot Markets: For direct asset trading.

Features:

Maker/taker fee model (0% maker fees possible).

Cross-chain margin trading (e.g., BTC from Bitcoin, ETH from Ethereum).

Shared liquidity.

MEV-resistant: Injective's orderbook employs Frequent Batch Auctions (FBA), processing all transactions within discrete intervals simultaneously at a uniform clearing price, effectively mitigating MEV exploits like front-running and sandwich attacks.

Exchange Module Docs

2. Insurance Module

This module provides insurance funds for derivative markets in the exchange module.

Each derivative market can have its own dedicated insurance fund, created to cover losses when liquidated positions have negative equity.

The insurance fund is utilized to cover the shortfall, ensuring that winning traders receive their due profits without disruption.

Automatically compensates users during market black swan events.

Insurance Module Docs 

3. Oracle Module

Injective’s default oracle option, enabling the seamless integration of real-world information into on-chain applications.

Used to resolve prediction markets and parametric insurance claims.

Oracle Module supports various oracle types.

Oracle Module Docs 

4. OCR Module 

The OCR (Off-Chain Reporting) Module in Injective is designed to integrate Chainlink's off-chain data into the Injective blockchain.

Off-Chain data aggregation:

There is a network of oracles, collecting data from various external sources and then storing them on-chain.

Provides a means to communicate with Injective using sdk-go.

OCR Module Docs

5. Peggy (Ethereum Bridge)

This module enables the transfer of assets across different chains (Ethereum), enhancing Injective's cross-chain capabilities.

Trustless bridge for ERC-20 ↔ Injective (CW-20) conversions.

Supports cross-chain composability (e.g., Ethereum assets in Injective DeFi).

Peggy Module Docs

6. Permissions (RWA) Module

Governs access control for TokenFactory module.

Allows whitelisting for features like token minting or contract execution.

Used in institutional deployments for compliance (e.g., KYC checks).

Permissions (RWA) Module Docs

7. Tokenfactory Module

Enables permissionless token creation on Injective.

Users mint fungible tokens with custom:

Denominations (e.g., "factory/inj1.../mytoken").

Metadata (name, symbol, decimals).

No smart contract required.

Tokenfactory Module Docs 

8. Wasmx (CosmWasm) Module

Automated smart contract execution.

Features:

Gasless transactions (sponsored by dApps).

IBC-enabled cross-chain contracts.

Pre-compiled DeFi logic (e.g., options pricing).

WasmX Module Docs

9. Auction Module

​The Auction Module in Injective is a pivotal component designed to manage the protocol's Burn Auction mechanism, which plays a crucial role in the ecosystem's deflationary tokenomics.

Features:

Periodically, the module collects a basket of tokens from various sources, including trading fees from the Exchange Module and contributions from applications and individual users.

The highest bidder wins the basket of tokens, and the INJ tokens used for the winning bid are subsequently burned, effectively reducing the total supply of INJ.

Auction Module Docs

Injective's chain architecture Consensus Mechanism

Injective employs Tendermint Consensus, a Byzantine Fault Tolerant (BFT) consensus algorithm designed for public or private blockchain networks, enabling secure and fast transaction finality. At its core, validators (participants who propose and validate blocks) take turns proposing blocks in a round-robin fashion. Each round has three phases: propose, pre-vote, and pre-commit, where validators cryptographically sign and broadcast votes to agree on the next block. The system tolerates up to one-third of malicious or faulty nodes, ensuring liveness and safety even if some validators act dishonestly. Unlike Proof-of-Work, Tendermint achieves energy efficiency with deterministic finality and no forks, making it ideal for applications requiring high throughput and real-time settlement. Its modularity via the ABCI allows developers to build custom applications (like DeFi) on top without modifying the consensus layer. Injective leverage Tendermint to balance decentralization, speed, and usability.

Key Features

High Throughput: The network achieves near-instant finality with a block time of 0.65 seconds, processing up to 25,000 transactions per second (TPS).

Decentralized Finance Support: Injective is ideal for DeFi applications, enabling decentralized exchanges and derivatives trading. With its decentralized order book, users have full control over their trades.

Cross-Chain Interoperability: Through its bridging layer, Injective enables seamless asset transfers between Injective and other blockchains, enhancing liquidity and user experience. The Injective Bridge utilizes technologies like Peggy and IBC (Inter-Blockchain Communication) to facilitate these cross-chain interactions, allowing assets to move fluently between Injective and other blockchains (Solana, Ethereum, Polkadot, Cosmos etc).

Conclusion

Injective distinguishes itself in the blockchain landscape through its innovative architecture and strategic integrations, offering unique advantages over other chains:

Advanced Exchange Infrastructure: Injective powers a fully decentralized, orderbook-based exchange infrastructure featuring advanced order types, liquidity incentives, and mechanisms to protect against miner extractable value (MEV). This design ensures a fair and efficient trading environment, setting it apart from other decentralized exchanges.

Innovative Consensus Mechanism: Utilizing the enhanced Tendermint consensus mechanism(with customized core implementation), Injective achieves near-instant transaction finality and exceptional fault tolerance. This approach enhances security and performance, making it well-suited for high-frequency trading and complex financial applications.

By leveraging these advantages, Injective not only addresses common challenges in the blockchain space—such as scalability, interoperability, and security—but also provides a robust foundation for the development and deployment of next-generation decentralized financial applications.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Injective, the blockchain built for finance, announced today that Google Cloud is now a validator for the Injective network, enhancing the network’s security and reliability. Injective is now part of a select group of protocols that Google Cloud provides Web3 services for, which Injective will supplement by hosting its comprehensive Injective Developer suite on Google Cloud, further accelerating Injective’s developer adoption. All of these additions contribute to making it easier for Web2 and Web3 developers to build, launch, and grow applications on Injective.

As a validator, Google Cloud’s infrastructure and expertise in Web3 security and reliability will play a crucial role in:

Securing the Injective network

Validating transactions

Contributing to the overall decentralization and robustness of the ecosystem

"Injective provides a bespoke infrastructure stack that is ideal for institutional onboarding. We are thrilled to utilize Google Cloud, which is undoubtedly one of the leading technology companies globally, to help further develop the network as a whole," said Eric Chen, CEO and Co-Founder of Injective Labs.

“Google Cloud is committed to providing the resources necessary to see Web3 flourish. We look forward to furthering our collaboration with foundation layer one networks like Injective, to provide enterprise-ready Web3 infrastructure and developer-friendly tools to enhance the ecosystem’s reliability and decentralization,” said Rishi Ramchandani, Head of Web3 GTM, Google Cloud Asia Pacific. 

Injective will also now be able to leverage Google Cloud’s protocol accelerator tools through the Google Cloud Web3 Portal. These developer tools and features help blockchains enhance their developer experience with educational modules, testnet faucets and indexed data. 

Injective is also hosting an AI Agent Hackathon in collaboration with Google Cloud, ElizaOS, and DoraHacks. Developers will be able to leverage Injective’s advanced AI Agent builder, iAgent, to build out unique AI Agent use cases across finance such as launchpads, trading, agentic organizations, among others.

How can developers utilize Google Cloud’s Web3 portal?

Developers building on Injective can now access Google Cloud's comprehensive suite of Web3 solutions, including its Web3 Faucet. This faucet is a crucial resource for developers, providing them with INJ testnet tokens to facilitate the development and testing of decentralized applications (dApps) on the Injective blockchain. 

In addition, new content related to Injective will be added to Google Cloud’s Web3 learning portal. The educational platform offers developers the opportunity to enhance their blockchain development skills through a variety of resources including case studies and tutorials, providing practical examples of real life success stories of Web3 products built on Google Cloud’s infrastructure.

With these educational resources, developers can learn how to leverage advanced solutions and capabilities from Google Cloud and its Web3 partners, such as Injective, to contribute to the growth of the Web3 ecosystem.

Enhancing data accessibility

Through this cooperation, Injective's blockchain data is also accessible via Google Cloud’s BigQuery public data sets. This integration, known as Injective Nexus, enables developers access to core chain data from the Injective network in order to power the analytics engine of the ecosystem. Now, developers will have access to the entire blockchain state that is updated in real-time with more dashboards for curated data.

Developers and enterprises can interact with custom data sets across the Injective network, including real-time financial and transaction data. Injective data on BigQuery paves the way for building advanced DeFi applications, machine learning models, and institutional trading strategies.

Impact on the Injective ecosystem

Injective's collaboration with Google Cloud is poised to significantly impact its Web3 ecosystem by accelerating dApp development through access to Google Cloud's robust resources, increasing adoption by attracting Web2 and Web3 developers and enterprises, and enhancing network security and credibility with Google Cloud's validator node.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Today, Injective officially joined the Blockchain Association to advance pro-crypto US national policy and regulatory frameworks. As one of the most prominent American crypto companies, Injective is paving the way towards making the USA the crypto capital of the world.

As one of the selected members, Injective now joins industry giants like Brevan Howard, Circle, Coinbase and Pantera Capital to bring about effective change at both the local and national government level to ensure industry priorities are reflected in policy for years to come.

About the Blockchain Association

The Blockchain Association, founded in 2018, represents the leading blockchain companies, investors, and projects. Their mission is to advance the future of crypto in the United States by shaping policy that ensures its success. The Association focuses on key areas such as consumer protection, market integrity, innovation, and taxation, while also advocating for clear regulatory frameworks and the protection of open-source software development.

Benefits to Injective

Joining the Blockchain Association offers several strategic benefits for Injective:

Policy Advocacy: By becoming a member, Injective gains a stronger voice in shaping policy discussions that impact the blockchain industry. This includes influencing regulatory frameworks that are crucial for the growth and adoption of decentralized technologies.

Strategic Connections: The Blockchain Association provides a platform for Injective to collaborate with other industry leaders, fostering collaborations and alliances that can drive innovation and adoption.

Regulatory Clarity: The Association's efforts to achieve regulatory clarity will help Injective navigate the evolving legal landscape, ensuring compliance and reducing operational risks.

Focus Areas of the Blockchain Association

The Blockchain Association is focused on several key policy areas:

Decentralized Finance (DeFi): Supporting the development of blockchain-based financial systems that operate without traditional intermediaries.

Securities Laws: Advocating for clear guidelines on token classification to protect investors and facilitate informed investment decisions.

Non-Fungible Tokens (NFTs): Promoting the unique benefits of NFTs in digital ownership and control.

Stablecoins: Advocating for the potential of stablecoins to revolutionize global payments infrastructure.

Success Stories

The Blockchain Association has achieved significant success in shaping the regulatory landscape for digital assets:

Policy Development: The Association has developed and presented comprehensive policy principles to Congress and regulators, reflecting broad industry consensus on how to build a competitive U.S. digital asset market.

Industry Engagement: Through its working groups, the Association engages with industry leaders to address pressing issues and develop policy solutions that support innovation and consumer protection.

A New Age of Injective Led Crypto Policy

Injective's joining the Blockchain Association underscores the commitment to advancing blockchain innovation and ensuring a supportive regulatory environment. 

By working together with prominent industry leaders, the aim is to drive growth, adoption, and success for the entire digital asset ecosystem. This collaboration will enable Injective to contribute to shaping the future of blockchain policy, fostering a more secure, competitive, and consumer-friendly Web3 ecosystem.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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“The Year of the Regenerates” was the motto of this year’s ETH Denver. The Injective Labs team attended in full force for a week-long conference including multiple stage talks, a multitude of business meetings, social events, and thousands of conversations with some of the 10,000 total attendees at the Injective booth.

Some of the most in demand topics talked about during this year’s conference was tokenization and AI meets blockchain. Both of these topics are where Injective shines best - with the latest launches of stocks, like NVDA on chain, and iAgent. It was a treat getting to know community members new and OG and giving them an update about what Injective is up to and learning about some of the up and coming builders in Injective. 

What We Shared

Injective Labs’ CTO, Albert Chon, delivered a keynote presentation on the rise of Multi-VM Environments on Injective. During the keynote Albert discussed the tradeoffs between any VM framework, how Injective enables developers to build using WASM, EVM, and eventually SVM. In addition, Albert shared how Injective has multi-chain interoperability built-in, able to connect to any other ecosystem across Ethereum/L2s, Solana, Polkadot, and Cosmos.

Another Injective Labs team member, Cooper Emmons, who leads Institutional Business Development joined Plume Network’s RWA Day. He joined a panel with other RWA experts from Layer Zero, Movement Labs, and D3 to share how Injective is best suited for RWA’s. Cooper explained that this is due to the chain’s native RWA module, shared liquidity layer, and native interoperability with other blockchain ecosystems.

Another event that Cooper attended and joined a panel on was Gamma Prime’s Tokenized Capital Summit. On Cooper’s panel were speakers from AcquireFi, Akash Network, Beefy Finance, and Bancor. Each of these panelists had a unique perspective on the tokenized asset landscape, while Cooper highlighted Injective’s work bringing TradFi on chain with many recent integrations with top institutions in the space as well as the recent launches of the AI and TradFi index products, bringing equities on chain to trade with leverage.

What We Hosted

Once the main conference started, all eyes focused on the Injective booth. Each day was jam packed with attendees from opening until closing. The Injective team never faded as they spoke to hundreds of new and existing ninjas. The camaraderie continued as people came by to see what Injective is all about, what’s on the roadmap, and to claim some merch like Injective tote bags, t-shirts, and of course the infamous ninja plushie. 

The claw machine was a hit! People were falling over themselves just to get a chance to play the claw machine and potentially win a ninja plushie, t-shirt, or hat. Some say Injective has some of the best merch in the crypto game. 

On Saturday, the final full day of the conference, the Injective team split into two groups. One group to cover the booth, the other to host the Injective Builder Day at a nearby venue. The Builder Day was hosted at a local Denver brewery, something Denver is famous for!

The Builder Day was a success, with an opening keynote from Injective’s CTO, Albert Chon. Albert’s keynote was then followed up by a slew of ecosystem project demos from Kakeru, B3X.AI, Stargate, Blocksense, and Tria.

Albert Chon Kicking Off the Injective Builder Day Kakeru Team B3X.AI Stargate Blocksense Tria

After the demos were done, the discussions began and the brews began to flow as the networking and good vibes started.

What’s Next

After almost a week on the ground in Denver, we come away excited about the future and what it has to offer. We welcome the new ninjas that we met in Denver to the Injective family, whether you are a developer or trader, there’s lots left to do to build the future of finance. As an aside, we look forward to hosting ninjas, new and OG, for our first US based Injective Summit, coming this June.

To keep tabs on future Injective updates, follow Injective on X and join the conversation on the Injective Discord.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Today, Libre, a technology infrastructure platform allowing access to institutional and accredited investors, has unveiled a monumental integration that brings its platform for institutional fund issuance and distribution to Injective. 

This integration enables institutional and accredited investors to access a range of regulated, onchain investment funds, including the recently launched tokenized Laser Carry Fund (LCF), a market-neutral digital asset strategy from Nomura’s Laser Digital. Through this collaboration, Libre is facilitating access to top-tier funds from leading asset managers such as Brevan Howard, Hamilton Lane, and BlackRock.

Libre & Injective: Institutional Tokenization of Private Funds

Libre’s deployment on Injective unlocks access for institutional and accredited investors to some of the largest financial firms globally via tokenization. Key offerings now live include:

Laser Digital Laser Carry Fund: A market-neutral digital asset strategy, leveraging funding rates and staking yields.

BlackRock Money Market Fund: Tokenized treasury products offering stable yields.

Hamilton Lane SCOPE Senior Credit Fund: Private credit opportunities with institutional-grade returns.

The initiative marks a significant step toward integrating traditional financial instruments with decentralized finance (DeFi) ecosystems. These funds are now accessible to institutions and accredited investors only via Libre’s decentralized application gateway on Injective, enabling secondary trading, collateralized lending, and portfolio margining.

"We are pleased to tokenize via Libre the Laser Carry Fund (LCF) on Injective, leveraging its advanced decentralized order book, fast finality, and minimal transaction fees to streamline tokenization. This milestone is the first of many integrations designed to enhance access for institutional investors." - Florent Jouanneau, Partner, Laser Digital 

Libre’s Real World Asset Tokenization - How it Works

Libre’s tokenization framework transforms real-world assets (RWAs) into blockchain-based tokens, enabling institutions to unlock liquidity, streamline compliance, and integrate with DeFi ecosystems. First, Libre converts traditional assets (e.g., private equity, credit funds, treasury products) into digital tokens using smart contracts. Each token represents fractional ownership in an entity that has invested  in the underlying asset. 

Assets that are tokenized via Libre on Injective gain enhanced functionality with Injective’s Real World Asset (RWA) Module, which provides:

Allowlist Management: Institutions can whitelist specific addresses for asset transfers, ensuring only approved entities interact with tokens.

Collateralization: Tokenized assets serve as collateral in DeFi protocols (e.g., margin trading on a DEX).

Automated Rebalancing: Portfolio managers can program rules for dynamic asset allocation (e.g., quarterly rebalancing).

This tokenization framework eliminates legacy inefficiencies, offering lower fees, transparent settlements, and global access to previously illiquid markets. With 24/7 secondary trading and native interoperability this gives these on-chain funds an advantage over traditional fund investment structures.

“Our collaboration with Injective isn’t just about bringing institutional funds on-chain; it’s about redefining access and utility to capital markets products through Web3-native infrastructure. The ability to access, trade, and utilize these institutional assets within DeFi represents a paradigm shift in global finance.” said Dr. Avtar Sehra, CEO of Libre.

Looking Ahead

Libre plans to expand their offerings with Injective, providing investors more fund options as well as access to on-chain strategies to enhance capital efficiency. With Injective's infrastructure, the path is set for trillions in institutional capital to flow on-chain—ushering in a future where every financial asset is accessible, transparent, and interoperable.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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About Libre Capital

Libre is building the investment infrastructure to enable asset managers to seamlessly connect with distributors and enable unparalleled access to global alternatives investment funds. In addition, Libre is working on enabling access to value-add services in the alternative assets ecosystem such as collateralized lending and automated rebalancing. Currently, Libre only makes its tokenized funds available to institutional and accredited investors. 

For more information about Libre, please visit https://www.librecapital.com

Disclosure : Important information about the strategy mentioned in this blog post  

Pre-Marketing communication: This document is a pre-marketing communication addressed exclusively to professional and institutional investors residing in eligible jurisdictions. This document is not a contractually binding document or an information document required by any legislative provision, and is not sufficient to take an investment decision. Please refer to the offering documentation of the relevant product before making any final investment decisions. The product and/or strategy described herein shall be accessible only to institutional investors residing in eligible jurisdictions and shall not be accessible to, amongst others, (i) investors residing/domiciled in the United States, Canada, Australia, or Japan, and/or (ii) retail clients/consumers in any jurisdiction.  

No offering: Nothing in this document amounts to, or should be construed as, an offer, placement, invitation or general solicitation to invest in any product or to buy or sell securities, digital assets, or to engage in any other related or unrelated transactions. This document was not prepared in compliance with applicable provisions of law designed to promote the independence of financial analysis and is not subject to a prohibition on trading following the distribution of financial research. This document does not purport to contain all of the information that may be required to evaluate any potential transaction and should not be relied on in connection with any such potential transaction.  

Non-reliance: The document is not a recommendation and should not be relied upon as accounting, legal, tax or investment advice. You should consult your tax, legal, accounting or other advisers separately. Neither this document nor the information contained in it is for publication or distribution, directly or indirectly, in or into any jurisdiction where to do so might constitute a violation of applicable law. None of Nomura, Laser Digital, their group companies or any of their respective directors, officers, employees, partners, shareholders, advisers, agents or affiliates (together the "Sponsor Parties") make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document, and nothing contained in it shall be relied upon as a promise or representation whether as to past or future performance. To the maximum extent permitted by law, none of the Sponsor Parties shall be liable (including in negligence) for direct, indirect or consequential losses, damages, costs or expenses arising out of or in connection with the use of or reliance on this document. The information contained in this document is unaudited. It is published for the assistance of recipients, but is not to be relied upon as authoritative and is not to be substituted for the exercise of one’s own judgment. Certain information contained herein constitutes forward-looking statements, which can be identified by the use of terms such as “may”, “will”, “should”, “expect”, “anticipate”,“project”, “estimate”, “intend”, “continue” or “believe” (or the negatives thereof ) or other variations thereof. Due to various risks and uncertainties, including those discussed above, actual events or results, the ultimate business or activities of Laser Digital or the actual performance of the strategy mentioned herein may differ materially from those reflected or contemplated in such forward-looking statements. As a result, investors should not rely on such forward-looking statements in making their investment decisions. The key facts and service providers referenced here are subject to change. Some statements reflect Laser Digital's views, estimates, opinions, or predictions based on proprietary models and assumptions, particularly concerning the digital asset market. There is no guarantee that these views, estimates, opinions, or predictions are accurate or will be realized. If these assumptions or models are incorrect or circumstances change, the strategy’s actual performance may differ significantly and be lower than the estimated performance.  

Digital assets: Digital assets regulation is still developing across all jurisdictions and governments may in the future restrict the use and exchange of any or all digital assets. Digital assets are generally not backed nor supported by any government or central bank, are not insured by depositor nor investor guarantees schemes and do not have the same protections countries’ bank deposits may have and are more volatile than traditional currencies and/or other investments. Transacting in digital assets carries the risk of market manipulation and cybersecurity failures such as the risk of hacking, theft, programming bugs, and accidental loss. Differing forms of digital assets may carry different risks. In certain circumstances it may not be possible to liquidate a digital assets position in a timely manner at a reasonable price. The volatility and unpredictability of the price of digital assets may lead to significant and immediate losses.  

Risks: An investment in any of the products mentioned herein involves significant risks, including loss of an investor’s entire capital investment. Alternative investment strategies are intended only for investors who understand and accept the risks associated with investments in such products and these products are not suitable for all investors. Investments in digital assets are high-risk investments and you should not expect to be protected if something goes wrong. The volatility and unpredictability of the price of digital assets may lead to significant and immediate losses. You are invited to do all the necessary research and learn before investing in digital assets. In considering any performance data in this document, you should bear in mind that past or targeted performance is not indicative of future results, and there can be no assurance that any of the strategy would achieve its investment objectives, comparable results or that target returns would be met. Nothing herein is intended to imply that the Laser’s investment methodology may be considered “conservative”, “safe”, “risk free”, or “risk averse.” The capital and/or return are not guaranteed, nor are they protected.  

Performance: Figures presented in this document may refer to the past or simulated past performance. Past and simulated past performance is not a reliable indicator nor a guide of future performance. Where the information contains an indication of future performance, such forecasts are not a reliable indicator of future performance. Expected, targeted and/or estimated future returns are not guaranteed and a loss of the entire original capital may occur. The price and value of investments referred to in this document may fluctuate. Current performance may be lower or higher than the performance data quoted. Where not relevant or representative, outliers may be excluded. Any future performance is subject to taxation which depends on the personal situation of each investor, and which may change in the future. The actual performance of a strategy may differ from the performance of the underlying asset and such difference may be material. Neither the actual past performance of the strategy and/or the underlying asset nor the hypothetical performance of the strategy or the underlying asset is an indication or guarantee of similar performance of the strategy in the future; therefore, no representation is made that any such performance / returns will be achieved by the strategy. Any target or estimated return of the strategy or any product or service offered by Laser Digital is provided for illustrative purposes only, is unaudited and does not represent actual returns, but is instead provided to reflect Laser Digital preliminary view of potential and/or targeted investment returns.  

For further important information, please read carefully the risk warning and disclosure available here: Disclaimer - Laser Digital.

Today, Deutsche Telekom, the world’s largest telecommunications company by market capitalization, joins Injective’s validator set.

This collaboration marks a pivotal step in bridging traditional enterprise infrastructure with cutting-edge blockchain technology, further solidifying Injective’s position as the most performant, institutional-friendly Layer 1 network.

Deutsche Telekom: A Global Telecommunications Leader

With a market capitalization exceeding $180 billion and over 252 million mobile customers worldwide, Deutsche Telekom stands as a titan in the telecommunications industry. The company operates several subsidiaries worldwide, including the mobile communications brand T-Mobile. The company is also a component of the EURO STOXX 50 stock market index which represents 50 of the largest stocks across Europe.

Its infrastructure spans more than 50 countries, supporting critical services for consumers and enterprises alike, from broadband and mobile networks to advanced ICT solutions. This scale and expertise make Deutsche Telekom uniquely positioned to contribute to Injective’s network as a key enterprise enabler.

Expanding Web3 Infrastructure and Enterprise Adoption

By operating a validator node on Injective, Deutsche Telekom expands its Web3 infrastructure portfolio, aligning with its vision to evolve into a digitalized, software-driven service provider. The addition of Deutsche Telekom to Injective’s validator set introduces a new tier of enterprise-grade reliability and institutional participation to the network.

Oliver Nyderle, Head of Web3 Infrastructure at Deutsche Telekom MMS, had this to say

“We are excited to collaborate with Injective to foster true decentralization. With our enterprise-grade infrastructure, we aim to enhance the security of the network for its users. This partnership aligns with our commitment to combine technology with safety and trust thus enabling secure progress for humans and we look forward to being a part of this future."

Validators on Injective play a critical role in securing the blockchain, processing transactions, and participating in governance. Deutsche Telekom’s vast experience in managing high-availability, global-scale networks ensures seamless node operations, minimizing downtime and maximizing network resilience.

Injective’s Enterprise-suited Infrastructure

Injective utilizes a Tendermint-based Proof-of-Stake (PoS) consensus mechanism, where validators stake INJ tokens to propose blocks, validate transactions, and vote on governance proposals. Key responsibilities include:

Maintaining high uptime.

Securing cross-chain interoperability via decentralized bridges.

Enabling advanced DeFi applications through low-latency transaction processing.

Deutsche Telekom’s infrastructure is ideally suited for these demands, leveraging its:

Global data centers with enterprise-grade security.

Proven track record in managing mission-critical systems.

24/7 monitoring and support for uninterrupted operations.

Building for Institutions: The Nivara Upgrade and Beyond

The timing of this collaboration coincides with Injective’s recent Nivara Chain Upgrade, which introduced institutional-focused enhancements such as:

-A Next-Generation RWA Oracle: Implements advanced RWA oracle price update support in the chain stream

-A Modernized RWA Module Architecture: A new version of the RWA module featuring improved access control mechanisms and flexible configuration options to support sophisticated tokenization capabilities

These upgrades, combined with Deutsche Telekom’s enterprise infrastructure, create a robust foundation for TradFi institutions and enterprises to leverage Injective’s on-chain financial ecosystem—from unique real-world asset (RWA) primitives to AI-driven DeFi applications.

Conclusion

The integration of Deutsche Telekom into Injective’s validator set represents a symbiotic leap forward for both organizations. For Deutsche Telekom, it signals leadership in its Web3 evolution; for Injective, it brings notable enterprise security and technical prowess.

As the Nivara upgrade unlocks new possibilities for enterprises, Injective’s infrastructure continues to set the standard for high-performance, compliant blockchain solutions. With partners like Deutsche Telekom, the network is poised to onboard the next wave of institutional and enterprise players, redefining the future of finance—on-chain.

About Injective

Injective is the first and only blockchain built for finance. Injective provides developers with powerful plug-and-play modules for creating unmatched Web3 applications. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Pantera, Brevan Howard and Mark Cuban.

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Today, Zentry, a metagame ecosystem, has launched their flagship product, Nexus, on Injective. Nexus is a social layer that transforms social interactions into an immersive gaming experience. This enables the Injective community to showcase their creativity and expand their influence across the Injective ecosystem whilst earning meaningful rewards.

With the release of the new Injective Ambassador program, Injective is leveling up and Zentry is powering the program with the Nexus integration. This step showcases Injective’s commitment to its community by expanding the ambassador program to new heights with notable upgrades, prominent ninja tiers, and refreshed reward allocations.

What is Nexus?

Nexus is Zentry's Player Portal designed to recognize and reward contributors to Injective’s mindshare in the world. It combines Injective's cutting-edge financial infrastructure with AI-driven, multi-chain insights, empowering the Injective community to level up their community building and content generation skills.

Benefits for the Injective Community

This collaboration brings exciting advantages to the Injective ecosystem:

Showcase Creativity: Developers, traders, and community members can now highlight their innovative projects and ideas on a broader platform.

Expand Influence: Gain visibility for Injective within the dynamic world of the Play Economy.

Earn Rewards: Create content and receive zaps (rewards) based on community feedback and validation.

Getting Started on Nexus

Connect your X Account to Nexus.

Enter your Referral Code (optional).

Enter Nexus and start creating and zapping content to engage with Injective communities.

Maximizing Content for Success

To make the most of this opportunity:

Focus on Quality Content: Create engaging posts about Injective's technological innovations, applications, and network developments.

Use Relevant Tags: Include @Injective and other ecosystem-related keywords such as ninja in your posts to ensure visibility.

Engage with the Community: Interact with other creators and build a following to increase your content's reach and potential for zaps.

Stay Active: Consistently create and share content to maintain visibility and increase your chances of earning rewards.

Looking Ahead

This collaboration with Zentry and integration into Nexus represents a further step at recognizing and rewarding leading voices for Injective. It provides the Injective community with powerful tools to amplify their voices, create impactful content, and earn meaningful rewards.

The Play Economy starts here – and Injective aims to shape its future. Start creating, engaging, and contributing today. Welcome to the future of decentralized finance and community engagement. Welcome to Injective on Nexus.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Injective is the fastest blockchain built for finance, with a rapidly expanding ecosystem which includes leading DeFi applications, Real World Assets (RWAs), and other novel on-chain primitives. Injective today has grown into becoming one of the largest blockchains in history with an unprecedented pace of development.

This success isn’t just a result of its technology — it’s also a result of the ever-growing community of nINJas who continue to drive its growth and adoption.

Today, we're excited to announce the next evolution of our ambassador program, bringing new opportunities for growth while keeping the spirit that made our community strong. Building upon the success of our previous program that brought together thousands of Ninjas worldwide, we're introducing the next phase of community growth through focused ambassador groups and clear contribution paths that will bring all of Injective to new heights.

Who can join?

Anyone can join the Injective’s ambassador program and become a core contributor to the Injective’s community and ecosystem.

Everyone is welcomed — from traders and trench warriors to developers, builders, finance enthusiasts and anyone else.

What can you earn?

As you progress through the program, you'll gain access to:

Exclusive early access to special perks and giveaways.

Rewards in INJ tokens which will be distributed monthly.

Limited edition Injective merch.

Your very own Ninja Pass, for top contributors.

Beta access to the most promising projects in the Injective ecosystem.

Opportunity to receive future airdrops.

Increased rewards as you level up your Ninja rank.

How can you get started?

Join the Injective Discord Server.

Visit the Ambassador Info channel to get the Warrior role.

Visit the Ambassador Groups channel to learn more about the ambassador groups and join one to become a Knight.

Once you’re part of an ambassador group, you can start earning regular INJ rewards every month and be eligible for other ambassador perks.

First Step: Become a Warrior

Before joining any of our ambassador groups, you'll need to achieve the Warrior rank. The requirements are simple:

Set an NFT from one of the popular collections across the Injective ecosystem as your profile picture.

Get a .INJ domain name from the Injective Name Service and include that in your social media profile names. (e.g. Lahn // lahn.inj)

Add the ninja emoji to your social media profile name. (e.g. Lahn.inj 🥷)

Join the Injective Discord Server and check out the Ambassador Info channel to get the Warrior role.

Second Step: Become a Knight

Once you've become a Warrior, you can apply to join one or more ambassador groups based on your skills and interests. Each ambassador group plays a vital role in growing and supporting the Injective ecosystem, with opportunities for everyone to contribute in meaningful ways. 

Creator Group

The Creator Group creates engaging educational and promotional material that resonates with both newcomers and crypto natives. Through thoughtfully crafted threads, videos, and articles, they make Injective's innovative technology accessible to all.

Artist Group

The Artist Group creates visual art that brings the Injective ecosystem to life. From casual fan art and stickers to professional banners and promotional materials, they bring life to the latest ecosystem updates and community events through their artwork.

Ecosystem Supporters Group

The Ecosystem Supporters Group actively participates across the entire Injective ecosystem. They test new dApps, provide feedback, participate in ecosystem events, and help drive community discussions.

Visit the ambassador program document to learn more about the ambassador groups.

Ready to become a Knight?

Visit the application form to apply and join an ambassador group. You can also visit the Ambassador Groups channel on the Injective Discord Server to apply.

Note: You need to have achieved at least the Warrior rank to apply to become a Knight.

Ronin Ambassadors

Ronins are the most dedicated contributors and leaders within the Injective community. 

Each Ronin handles specific tasks that help grow Injective's community and ecosystem while driving wider adoption.

To become a Ronin, you need to prove yourself to be an exceptional contributor to Injective in any way you feel is the best. If your contributions are recognized by the team and the community, you’ll be appointed as a Ronin.

For more details about how to apply, contribute, and earn rewards, check out our full program documentation.

Get started

Our new program is live and welcomes both new members and existing contributors to the Injective ecosystem. 

We're building something special here, and there's room for everyone — artists, content creators, social enthusiasts, and anyone passionate about the the revolution brought forth by Injective. The Injective Ambassador Program is your gateway to something bigger. Connect with fellow ninjas, uncover new alpha and rack up real rewards.

Ready to get started? Join the official Injective Discord to begin your journey.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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Today, Injective has made a landmark move that further brings traditional finance on-chain.

Through its premier decentralized exchange, Helix, Injective has launched a revolutionary on-chain index that tracks hundreds of the largest publicly traded equities via one cohesive index that marks a significant milestone in the convergence of traditional finance and decentralized finance. Users will now be able to access the equity markets via this index product 24/7 while being able to utilize up to 25X leverage.

Expanding Access to Traditional Finance Markets

The launch of the TradFi stocks index perpetual market (Ticker: TRADFI) follows Injective’s recent introduction of the AI Index perpetual market, further cementing its role as a leader in bridging traditional and on-chain finance. By enabling permissionless trading of traditional assets, Injective is eliminating inefficiencies associated with legacy markets, providing lower fees, enhanced transparency, and seamless global access.

“This launch of the TradFi index is a major step toward our vision of democratizing access to financial markets,” said Eric Chen, CEO and co-founder of Injective Labs. “For the first time, users can engage with the largest publicly traded equities on-chain in an entirely decentralized manner, free from traditional market constraints.”

Breaking Down Barriers

By bringing the equities index on-chain, Injective is democratizing access to a cornerstone of the global financial market. This groundbreaking development offers several key advantages:

24/7 Trading: Unlike traditional stock markets with limited trading hours, the TradFi perpetual market on Helix will be available for trading 24 hours a day 7 days a week, 365 days a year. This continuous market access allows investors to react to global events and news in real-time, potentially leading to more efficient price discovery.

Leverage: The market allows up to 25X leverage, enabling users to take part in sophisticated trading strategies on-chain that would not be typically possible via traditional centralized rails.

Permissionless Access: The TradFi on-chain index is truly permissionless, eliminating the need for a brokerage account or U.S. residency. This opens up opportunities for global investors who previously faced barriers to participating in the US market.

Enhanced Hedging Opportunities: The introduction of the on-chain TradFi index provides traders with new tools for portfolio hedging. Investors can now easily take long or short positions on the broader U.S. stock market, allowing for more sophisticated risk management strategies.

Helix: The Everything Exchange

With the addition of more on-chain traditional finance markets, Helix is positioning itself as the “everything” exchange that bridges the gap between crypto and traditional finance. The aim is to have all financial assets tokenized and able to be bought, sold, and traded, all on-chain. Today, traders can now seamlessly switch between crypto assets and traditional stock exposure within a single, decentralized platform.

Chen emphasized the significance of this development: "By bringing the most sought after traditional finance markets on-chain, we're not just creating a new trading product; we're redefining what's possible in decentralized finance. This is a major step towards a future where all financial assets are accessible on-chain, 24/7, to anyone in the world."

Injective: Driving the Future of Finance

The launch of the TradFi stocks index is likely to have far-reaching implications for both the crypto and traditional finance sectors:

Accelerated Tokenization: This breakthrough could catalyze the tokenization of other traditional financial instruments, making a wider range of assets accessible on blockchain platforms.

Increased Liquidity: By offering 24/7 trading of major stocks via this index product, Helix could attract significant liquidity from both crypto natives and traditional finance participants giving unique trading opportunities that otherwise wouldn’t be available.

Market Efficiency: The real-time nature of on-chain products could lead to more efficient price discovery and reduced arbitrage opportunities between traditional and crypto markets. Injective is uniquely positioned to tackle this problem with its MEV and front-running resistant architecture.

Conclusion

Injective's introduction of the TradFi Stocks Index represents a significant leap forward in the maturation of the DeFi sector. By bringing the world's most important equities on-chain via this index, Injective is not just innovating within the crypto space—it's reshaping the broader landscape of global finance.

As traditional finance continues to become more available on-chain, Injective's innovations such as the TradFi index are likely to inspire a new wave of financial products that leverage the best of both worlds. This development marks yet another step towards a more integrated, efficient, and accessible global financial system that works for everyone, with Injective powering it all.

About Injective

Injective is a lightning fast interoperable layer one blockchain optimized for building premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native asset that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera and Mark Cuban.

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A complete list of all current equities in the TradFi Index.

Note: Representation in the index is based entirely upon the market capitalization of each company.

* Agilent Technologies (A)

* American Airlines Group (AAL)

* Apple Inc. (AAPL)

* AbbVie (ABBV)

* AmerisourceBergen (ABC)

* Abbott Laboratories (ABT)

* Arch Capital Group (ACGL)

* Accenture (ACN)

* Adobe Inc. (ADBE)

* Analog Devices (ADI)

* Archer-Daniels-Midland (ADM)

* Automatic Data Processing (ADP)

* Autodesk (ADSK)

* Ameren (AEE)

* American Electric Power (AEP)

* AES Corporation (AES)

* Aflac (AFL)

* American International Group (AIG)

* Assurant (AIZ)

* Arthur J. Gallagher & Co. (AJG)

* Akamai Technologies (AKAM)

* Albemarle Corporation (ALB)

* Align Technology (ALGN)

* Alaska Air Group (ALK)

* Allstate (ALL)

* Allegion (ALLE)

* Applied Materials (AMAT)

* Amcor (AMCR)

* Advanced Micro Devices (AMD)

* AMETEK (AME)

* Amgen (AMGN)

* Ameriprise Financial (AMP)

* American Tower (AMT)

* Amazon.com (AMZN)

* Arista Networks (ANET)

* ANSYS (ANSS)

* Aon (AON)

* A. O. Smith (AOS)

* APA Corporation (APA)

* Air Products and Chemicals (APD)

* Amphenol (APH)

* Aptiv (APTV)

* Alexandria Real Estate Equities (ARE)

* Atmos Energy (ATO)

* Activision Blizzard (ATVI)

* AvalonBay Communities (AVB)

* Broadcom (AVGO)

* Avery Dennison (AVY)

* American Water Works (AWK)

* American Express (AXP)

* AutoZone (AZO)

* Boeing (BA)

* Bank of America (BAC)

* Ball Corporation (BALL)

* Baxter International (BAX)

* Bath & Body Works (BBWI)

* Best Buy (BBY)

* Becton Dickinson (BDX)

* Franklin Resources (BEN)

* Brown-Forman (BF.B)

* Biogen (BIIB)

* Bio-Rad Laboratories (BIO)

* Bank of New York Mellon (BK)

* Booking Holdings (BKNG)

* Baker Hughes (BKR)

* Bristol Myers Squibb (BMY)

* Broadridge Financial Solutions (BR)

* Berkshire Hathaway (BRK.B)

* Brown & Brown (BRO)

* Boston Scientific (BSX)

* BorgWarner (BWA)

* Boston Properties (BXP)

* Citigroup (C)

* Conagra Brands (CAG)

* Cardinal Health (CAH)

* Carrier Global (CARR)

* Caterpillar (CAT)

* Chubb (CB)

* Cboe Global Markets (CBOE)

* CBRE Group (CBRE)

* Crown Castle (CCI)

* Carnival Corporation (CCL)

* Cadence Design Systems (CDNS)

* CDW (CDW)

* Celanese (CE)

* Constellation Energy (CEG)

* CF Industries (CF)

* Citizens Financial Group (CFG)

* Church & Dwight (CHD)

* C.H. Robinson (CHRW)

* Charter Communications (CHTR)

* Cigna (CI)

* Cincinnati Financial (CINF)

* Colgate-Palmolive (CL)

* Clorox (CLX)

* Comerica (CMA)

* Comcast (CMCSA)

* CME Group (CME)

* Chipotle Mexican Grill (CMG)

* Cummins (CMI)

* CMS Energy (CMS)

* Centene Corporation (CNC)

* CenterPoint Energy (CNP)

* Capital One Financial (COF)

* CooperCompanies (COO)

* ConocoPhillips (COP)

* Costco Wholesale (COST)

* Coty (COTY)

* Campbell Soup (CPB)

* CoStar Group (CSGP)

* CSX Corporation (CSX)

* Cintas (CTAS)

* CrowdStrike (CRWD)

* Catalent (CTLT)

* CooperStandard (CTS)

* Corteva (CTVA)

* Chevron Corporation (CVX)

* Cognizant (CTSH)

* CVS Health (CVS)

* Consolidated Edison (ED)

* Deere & Company (DE)

* Delta Air Lines (DAL)

* DaVita (DVA)

* Dover Corporation (DOV)

* Dow Inc. (DOW)

* DuPont (DD)

* Domino's Pizza (DPZ)

* Duke Energy (DUK)

* DTE Energy (DTE)

* Digital Realty Trust (DLR)

* Dollar General (DG)

* Quest Diagnostics (DGX)

* D.R. Horton (DHI)

* Danaher Corporation (DHR)

* Disney (DIS)

* Discovery (DISCA)

* Dish Network (DISH)

* Dollar Tree (DLTR)

* Dexcom (DXCM)

* Ecolab (ECL)

* Consolidated Edison (ED)

* Electronic Arts (EA)

* eBay (EBAY)

* Eversource Energy (ES)

* Edison International (EIX)

* Estée Lauder (EL)

* Emerson Electric (EMR)

* EOG Resources (EOG)

* EPAM Systems (EPAM)

* Equifax (EFX)

* Equinix (EQIX)

* Equity Residential (EQR)

* Essex Property Trust (ESS)

* Eaton Corporation (ETN)

* Entergy (ETR)

* Evergy (EVRG)

* Edwards Lifesciences (EW)

* Exelon (EXC)

* Expeditors International (EXPD)

* Extra Space Storage (EXR)

* Ford Motor Company (F)

* Diamondback Energy (FANG)

* Fastenal (FAST)

* Facebook (META)

* Fortune Brands (FBHS)

* Freeport-McMoRan (FCX)

* FedEx (FDX)

* FirstEnergy (FE)

* F5 Networks (FFIV)

* FIS (FIS)

* Fiserv (FISV)

* Fifth Third Bancorp (FITB)

* FleetCor Technologies (FLT)

* FMC Corporation (FMC)

* Fox Corporation (FOXA)

* First Republic Bank (FRC)

* Federal Realty (FRT)

* General Dynamics (GD)

* General Electric (GE)

* Gilead Sciences (GILD)

* General Mills (GIS)

* Globe Life (GL)

* Corning (GLW)

* General Motors (GM)

* Generac (GNRC)

* Alphabet Inc. Class C (GOOG)

* Alphabet Inc. Class A (GOOGL)

* Goldman Sachs (GS)

* Genuine Parts (GPC)

* Global Payments (GPN)

* Garmin (GRMN)

* The Hershey Company (HSY)

* Host Hotels & Resorts (HST)

* Honeywell (HON)

* Hewlett Packard Enterprise (HPE)

* HP Inc. (HPQ)

* Hormel Foods (HRL)

* Henry Schein (HSIC)

* The Hartford (HIG)

* Huntington Bancshares (HBAN)

* Hasbro (HAS)

* HCA Healthcare (HCA)

* Home Depot (HD)

* Hologic (HOLX)

* Howmet Aerospace (HWM)

* IBM (IBM)

* Intercontinental Exchange (ICE)

* IDEXX Laboratories (IDXX)

* IDEX Corporation (IEX)

* International Flavors & Fragrances (IFF)

* Illumina (ILMN)

* Incyte (INCY)

* Intel (INTC)

* Intuit (INTU)

* International Paper (IP)

* Interpublic Group (IPG)

* IQVIA (IQV)

* Ingersoll Rand (IR)

* Iron Mountain (IRM)

* Intuitive Surgical (ISRG)

* Illinois Tool Works (ITW)

* Invitation Homes (INVH)

* J.B. Hunt (JBHT)

* Johnson Controls (JCI)

* Jack Henry & Associates (JKHY)

* Johnson & Johnson (JNJ)

* Juniper Networks (JNPR)

* JPMorgan Chase (JPM)

* Kellogg's (K)

* KeyCorp (KEY)

* Keysight Technologies (KEYS)

* Kraft Heinz (KHC)

* Kimco Realty (KIM)

* KLA Corporation (KLAC)

* Kimberly-Clark (KMB)

* Kinder Morgan (KMI)

* CarMax (KMX)

* Coca-Cola (KO)

* Kroger (KR)

* Kansas City Southern (KSU)

* Loews Corporation (L)

* L3Harris Technologies (LHX)

* Laboratory Corporation of America (LH)

* Lam Research (LRCX)

* Leidos (LDOS)

* Lennar (LEN)

* Eli Lilly (LLY)

* Lockheed Martin (LMT)

* Lincoln National (LNC)

* Alliant Energy (LNT)

* Lowe's (LOW)

* Lumen Technologies (LUMN)

* Southwest Airlines (LUV)

* Las Vegas Sands (LVS)

* Lamb Weston (LW)

* LyondellBasell (LYB)

* Live Nation Entertainment (LYV)

* Mastercard (MA)

* Mid-America Apartment Communities (MAA)

* Masco Corporation (MAS)

* McDonald's (MCD)

* Microchip Technology (MCHP)

* McKesson Corporation (MCK)

* Moody's Corporation (MCO)

* Mondelez International (MDLZ)

* Medtronic (MDT)

* MetLife (MET)

* MGM Resorts (MGM)

* Mohawk Industries (MHK)

* McCormick & Company (MKC)

* MarketAxess (MKTX)

* Martin Marietta Materials (MLM)

* Monster Beverage (MNST)

* Altria Group (MO)

* The Mosaic Company (MOS)

* Marathon Petroleum (MPC)

* Merck & Co. (MRK)

* Marathon Oil (MRO)

* Morgan Stanley (MS)

* MSCI (MSCI)

* Microsoft (MSFT)

* Motorola Solutions (MSI)

* M&T Bank (MTB)

* Match Group (MTCH)

* Mettler-Toledo (MTD)

* Micron Technology (MU)

* Norwegian Cruise Line (NCLH)

* Nasdaq (NDAQ)

* Nordson Corporation (NDSN)

* NextEra Energy (NEE)

* Newmont Mining (NEM)

* Netflix (NFLX)

* Nike (NKE)

* NiSource (NI)

* Nielsen Holdings (NLSN)

* Northrop Grumman (NOC)

* Norfolk Southern (NSC)

* NetApp (NTAP)

* Northern Trust (NTRS)

* Nucor (NUE)

* NVIDIA (NVDA)

* NVR (NVR)

* NXP Semiconductors (NXPI)

* Realty Income Corporation (O)

* Old Dominion Freight Line (ODFL)

* Omega Healthcare Investors (OHI)

* ONEOK (OKE)

* Omnicom Group (OMC)

* Oracle Corporation (ORCL)

* O'Reilly Automotive (ORLY)

* Otis Worldwide (OTIS)

* Occidental Petroleum (OXY)

* Paccar (PCAR)

* PG&E Corporation (PCG)

* Healthpeak Properties (PEAK)

* Public Service Enterprise Group (PEG)

* PepsiCo (PEP)

* Pfizer (PFE)

* Principal Financial Group (PFG)

* Procter & Gamble (PG)

* Progressive Corporation (PGR)

* Parker-Hannifin (PH)

* PulteGroup (PHM)

* Philip Morris International (PM)

* PNC Financial Services (PNC)

* Pentair (PNR)

* Pool Corporation (POOL)

* PPG Industries (PPG)

* PPL Corporation (PPL)

* Prudential Financial (PRU)

* Public Storage (PSA)

* Phillips 66 (PSX)

* PTC (PTC)

* Qorvo (QRVO)

* QUALCOMM (QCOM)

* Quanta Services (PWR)

* Royal Caribbean Group (RCL)

* Everest Re Group (RE)

* Regions Financial Corporation (RF)

* ResMed (RMD)

* Rollins (ROL)

* Roper Technologies (ROP)

* Ross Stores (ROST)

* Republic Services (RSG)

* Raytheon Technologies (RTX)

* SBA Communications (SBAC)

* Starbucks (SBUX)

* Charles Schwab Corporation (SCHW)

* ServiceNow (NOW)

* SentinelOne (S)

* Sealed Air (SEE)

* Sherwin-Williams (SHW)

* SVB Financial Group (SIVB)

* J.M. Smucker Company (SJM)

* Schlumberger (SLB)

* SolarEdge Technologies (SEDG)

* Southern Company (SO)

* Simon Property Group (SPG)

* S&P Global (SPGI)

* Sempra Energy (SRE)

* Synchrony Financial (SYF)

* Skyworks Solutions (SWKS)

* Sysco Corporation (SYY)

* AT&T (T)

* Molson Coors Beverage Company (TAP)

* TransDigm Group (TDG)

* Teledyne Technologies (TDY)

* TE Connectivity (TEL)

* Target Corporation (TGT)

* Trane Technologies (TT)

* TJX Companies (TJX)

* Thermo Fisher Scientific (TMO)

* T-Mobile US (TMUS)

* Tesla (TSLA)

* Texas Instruments (TXN)

* Tyson Foods (TSN)

* UDR (UDR)

* United Airlines (UAL)

* Under Armour (UAA)

* United Parcel Service (UPS)

* United Rentals (URI)

* US Bancorp (USB)

* United Health Group (UNH)

* Universal Health Services (UHS)

* Ulta Beauty (ULTA)

* Unity Software (U)

* Visa (V)

* Vail Resorts (MTN)

* Valero Energy (VLO)

* Vulcan Materials (VMC)

* Verisk Analytics (VRSK)

* Vertex Pharmaceuticals (VRTX)

* Ventas (VTR)

* Verizon (VZ)

* Wabtec Corporation (WAB)

* Waters Corporation (WAT)

* Western Digital (WDC)

* WEC Energy Group (WEC)

* Wellt