Injective

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Cosmos

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Injective, a Cosmos-based Layer 1 blockchain, has taken a significant stride in the blockchain domain with its latest mainnet upgrade, Volan. This advancement is a milestone in <a href="https://coingape.com/rwa-tokens/" rel="noopener noreferrer nofollow">integrating</a> real-world assets (RWAs) into the blockchain sphere. The Volan upgrade introduces a new software module that facilitates a range of structured products. 
These include tokenized versions of fiat currency pairs, treasury bills, and distinctive credit products. Consequently, institutional and individual users now have a gateway to an evolving market that blends traditional financial assets with blockchain technology.
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 The Volan Mainnet upgrade proposal has passed with a 99.98% approval rate <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;">
 This makes it the governance proposal with the highest ever approval rate in history.
 Volan Tomorrow. <a href="https://t.co/3GLI2EYxdZ" rel="noopener noreferrer nofollow">pic.twitter.com/3GLI2EYxdZ</a>
 — Injective <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f977.png" alt="🥷" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@Injective_) <a href="https://twitter.com/Injective_/status/1745117555214225609?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 10, 2024</a>
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The tokenized securities market, still in its early stages, has witnessed rapid growth. It has seen a remarkable increase in value, with estimates exceeding $500 million. Injective’s Volan upgrade strategically positions itself within this burgeoning sector, aiming to capture a significant market share.
<h2 id="enhancing-cross-chain-interoperability">Enhancing Cross-Chain Interoperability</h2>
Moreover, Volan expands the inter-blockchain communication (IBC) protocol within Injective’s framework. This enhancement fosters seamless <a href="https://coingape.com/injective-launches-solana-and-cosmos-compatible-evm/" rel="noopener noreferrer nofollow">interaction</a> between Injective and other chains in the Cosmos ecosystem. The integration of IBC translates into more sophisticated cross-chain transactions, such as advanced order routing and swaps. 
For instance, users on Cosmos blockchains like Celestia or Osmosis can initiate cross-chain swaps. These transactions can then be executed via Injective’s order book module, exemplifying the practical application of this upgrade.
<h2 id="injective-s-continued-evolution">Injective’s Continued Evolution</h2>
Eric Chen, CEO of Injective Labs, underscored the dual focus of the Volan upgrade. It aims to empower developers with unparalleled tools for next-generation finance applications while improving blockchain connectivity. Injective, known for its specialization in decentralized finance, leverages its native token, INJ, for governance and transaction fees.&nbsp;
The Volan upgrade also alters INJ’s on-chain inflation parameters, steering the token <a href="https://coingape.com/what-next-for-injective-inj-price-after-a-60-weekly-surge/" rel="noopener noreferrer nofollow">towards</a> a progressively deflationary model. A new oracle has also been integrated, bringing off-chain price feeds directly into the blockchain.
Injective’s journey, marked by a $40 million funding round in August 2022 led by Jump Crypto, has been supported by notable entities like Binance, Pantera Capital, and Mark Cuban. This financial backing is a testament to the project’s potential and the growing interest in blockchain technology’s application to real-world financial assets.
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The post <a href="https://coingape.com/injective-launches-volan-upgrade-boosting-real-world-asset-integration/" rel="noopener noreferrer nofollow">Injective Launches Volan Upgrade, Boosting Real-World Asset Integration</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Injective Launches Volan Upgrade, Boosting Real-World Asset Integration

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