Injective, the Cosmos-based public chain, has revealed plans to stake 50 million INJ tokens, equivalent to 50% of its total supply.
The monthly stake statistics for Injective indicate a consistent upward trajectory.
Over the past month, there has been a continual rise in both total staking volume and new delegates.
Recent Activity
Just yesterday, Injective and Google Cloud jointly initiated the Illuminate Hackathon.
This hackathon aims to unite hackers specializing in Defi, Infrastructure, and Tooling.
Kicking off the new year, Injective had also implemented its Volan Upgrade on the Testnet, branding it as the "largest upgrade in history."
What is Injective?
Injective, is a Cosmos-based blockchain that integrates elements of artificial intelligence (AI) with decentralised finance (DeFi).
The platform currently has a total value locked of just over $43 million, as reported by DefiLlama.