Injective Sets New ATH Trading Volume and Sees Surge in Transactions

• Injective hit a new monthly ATH in 24-hour trading volume, reaching $82.3 million and 3.5 million transactions.
• NTT Digital joins Injective as a blockchain validator, expanding its influence in Web3 and blockchain adoption.

The injective ecosystem has seen amazing expansion and activity in the last 24 hours, attesting to numerous important benchmarks.

Setting a new monthly record with the all-time high (ATH) 24-hour trading volume of $82.3 million, one of the most significant successes is the amazing 3.5 million transactions handled during this period, which further confirms the increased interest and involvement inside the ecosystem, which reflects this increase in trading.

🌐24 hours movement within the Injective Ecosystem explain in “Words”: Impressive numbers, breaking news, active ecosystem.

FYI:
– INJ 24h Trading Volume made ATH of the month with $82.3M
– Native $INJ was listed on @Official_Upbit #Injective is cooking hard!🚀 pic.twitter.com/GAdN2ASLzl

— INJ Hub 🥷 (@Injective_Hub) October 18, 2024

Injective Expands with Injex Token Launch and Strategic Partnerships 

The introduction of Injex Finance’s native token, now live for trading, marks a significant landmark and gives still another dynamic to Injective’s growing DeFi terrain. Furthermore, 2,000 INJ have been used for a buyback project meant to assist DOJO, therefore highlighting the ongoing efforts to keep the ecosystem alive.

Regarding outside partnerships, Injective has created waves with the release of Paxos’s yield-bearing stablecoins on its platform, therefore giving consumers more varied financial choices.

Furthermore, one of the biggest crypto exchanges, Upbit, has listed Injective (INJ) in both KRW and USDT markets, therefore extending its reach to South Korean traders and improving its worldwide availability, according to CNF.

The explosion in active addresses—which has raised an amazing 2,000%—indicates even more the expansion of the injective network. The blockchain has hit a milestone of one billion transactions with this surge in activity, therefore stressing the growing acceptance of the platform in many different fields.

Also, the inclusion of NTT Digital, the biggest telecom operator in Japan, within the Injective ecosystem marks one of the most fascinating changes, as we previously reported on CNF.

By selecting Injective as its main blockchain partner, NTT has formally joined as the newest blockchain validator, therefore establishing itself as a major actor in the Web3 space. This cooperation is meant to increase Injective’s visibility in the fast developing blockchain sector.

Meanwhile, the INJ token has also seen good price movement concurrently. Reflecting a 2.81% increase over the last 24 hours, it is trading at about $21.95 at the time of writing, with a 24-hour high of $23.95.