The Injective Protocol is a Layer 1 blockchain that was launched in 2018 by Injective Labs. However, with its launch on Mainnet in 2021, it became clear that it is not a typical blockchain, but rather a complete ecosystem where we can see services, decentralized applications, models, innovations, and more.
In 2023, Injective released a $150 million fund to facilitate interoperability of tokens across different chains through interoperability and infrastructure. "Interoperability refers to the standards, protocols, technologies, and mechanisms that allow data to flow between different systems with minimal human intervention. This allows different systems to communicate with each other and share information in real time."
"Decentralized Finance (DeFi), which before 2023, had a staking number of 6,584, which After 2023, the number of staking has increased to 149,440, which shows that people are increasingly trusting the network. We can understand it like this: "It is an emerging financial system that enables direct transactions between individuals and businesses using blockchain and cryptocurrency. DeFi aims to reduce costs and speed up processes.
Real-world assets refer to the real economy, which are physical or traditional financial assets represented as digital tokens on the blockchain. For example, a real estate asset can be tokenized, allowing people to buy and sell small portions of it. This includes various types of assets such as stablecoins, treasury bills, funds, bonds, etc.
Injective has designed the format of real-world assets to be suitable for tokenization, starting with the 2024 network upgrade.
1. Blockchain - Blockchain is a decentralized digital ledger in which transactions are stored in secure digital records called 'blocks,' which are linked to each other in a chain. This technology stores data securely and transparently because it is distributed across multiple computers and does not require a central authority. For example, Bitcoin and other cryptocurrencies are created using blockchain technology. are used.
2. DeFi - Decentralized Finance. It is a financial system that allows people to conduct financial transactions directly with each other using blockchain technology and cryptocurrencies, without intermediaries like banks.
3. Traditional Finance - Traditional finance, often referred to as TradFi, encompasses all aspects of the traditional financial system, such as banking, the stock market, the bond market, venture capital, and hedge funds.
These three points of real-world assets together form a bridge that clearly proves that the Injective Protocol does not work like other blockchains. It is adapting its ecosystem to suit the needs of the people to maintain trust in the Injective Protocol. $INJ
