Injective

<p class="is-style-lead">The decentralized finance (<a href="https://crypto.news/tag/defi/">defi</a>) app platform Injective has announced that 50% of the total supply of <a href="https://crypto.news/price/Injective/">INJ</a> tokens will soon be staked.</p> 
<p>In an X post on Jan. 15, Injective noted significant growth of its monthly staking protocol. According to data as of Jan. 14, more than 47.7 million tokens are being staked, which amounts to 47.7% of the total supply. The current APR is almost 16% – 15.96%. Since last month, there has been a steady increase in total staffing volume and the influx of new delegates.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Soon, 50% of the total supply of <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$INJ</a> (50,000,000 tokens) will be staked ⚡️ <a href="https://t.co/Wa540GrnRf" target="_blank">https://t.co/Wa540GrnRf</a></p>— Injective 🥷 (@Injective_) <a href="https://twitter.com/Injective_/status/1746690808651087971?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>In response to this data, the Injective team promised that half of all available tokens would be staked soon.</p> 
<p>In a comment to the post, cryptocurrency expert and influencer Muhmmad Azhar emphasized that the growth of INJ’s share in staking is a remarkable phenomenon, marking a turning point in the decentralization of the network. If the protocol crosses the 50% staked mark, the implications for token holders and the ecosystem’s security will be profound.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The rise of token staking in <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$INJ</a> is a remarkable phenomenon, marking a pivotal shift in the decentralization of the network. With 50% of the total supply soon to be staked, the implications for token holders and the security of the ecosystem are profound. A new era of robust…</p>— Muhmmad Azhar (@AzharTheGreat) <a href="https://twitter.com/AzharTheGreat/status/1746741265922691300?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">January 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>Last week, Injective <a href="https://blog.injective.com/en/a-new-era-of-injective-the-volan-mainnet-upgrade/" target="_blank" rel="noopener">released</a> a&nbsp;major mainnet update called Volan. It aims to improve scalability and compatibility and also contains many additional improvements.</p> 
<p>The developers consider this one of the most monumental updates in the project’s history. With multiple improvements, the number of users is expected to increase, and the development of the Injective ecosystem will significantly accelerate.</p> 
<p>In addition, The Hong Kong Virtual Asset Rating Agency (HKVAC) <a href="https://crypto.news/hkvacs-global-crypto-index-adds-sol-replacing-xrp/">has included</a> INJ in the new list following index adjustments. HKVAC&nbsp;rates digital asset trading platforms and crypto market indexes and is a significant barometer of the ongoing shifts in the crypto market.</p> 
<p> Read more: <a href="https://crypto.news/liquid-staking-protocols-new-era-for-ethereum-validators/"> Liquid staking protocols: new era for Ethereum validators </a> </p>

Injective to stake 50% of total INJ supply

crypto.news

Other articles published on Jan 15, 2024

Do Kwon’s desperate bid to escape extradition

SUI Token Price Analysis and Outlook

Spot Bitcoin ETF: Vanguard Reps Apologizing for Lack of Crypto Vision

Indiana To Give Cryptocurrency Self-custody Rights To Resident

$BTC ETFs See $4.6 Billion in Volume on First Day of Trading; $GFOX Presale Racks Up $2.7M

Bitcoin Short-Term Holders Panic-dropped $5B BTC After Price Dropped Toward $40,000

Join our free newsletter for daily crypto updates!