Injective’s release of iAgent SDK can expand its reach in the AI agent subsector
The Injective Overview - December 16, 2024
Welcome back to the Injective Overview.
We’re creating the best place for the Injective community to get the latest updates, metrics, insights and ecosystem developments and more – all in one place.
New here? Subscribe to get updates to your inbox. Every other Monday.
Injective By the Numbers
$INJ price: $28.38 (-2.84%)
Token market cap: $2.78B (-2.46%)
Total token holders: 50K (+1.21%)
Total $INJ staked: 57.19M (-1.23%)
Staking APR: 11.42%
Total validators: 168 (+0%)
Injective daily trading volume: $50.61M (+4.57%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting in the biggest developments
Highlighting some of the biggest announcements from Injective.
🥷What’s happening: As AI continues to gain market share, Injective looks to position itself as the hub for AI agents within the blockchain and decentralized finance ecosystems.
🥷Why it matters: Injective’s recent release of its iAgent software development kit (SDK) leverages the power of artificial intelligence and blockchain technology to hopefully expand the capabilities of AI agents.
In a broader sense, AI agents are autonomous systems that perform tasks like trading, data analysis and transaction execution without the need for human interaction. They have recently exploded in popularity within the web3 space. The category has surpassed an $11 billion market cap for tokens related to AI agents, data on CoinGecko shows.
For Injective’s case, its iAgent SDK enables users, both technical and non-technical alike, to create AI agents that are able to interact with the blockchain through simple language commands. This means users who know nothing about writing programs would be able to create transactions using coding commands. This is beneficial because it removes the necessity to open one’s wallet, which could impose security flaws or risks by mistakenly opening a scam or the wrong swap tool.
AI agents are seen as a growing trend that’s here to stay in blockchain and decentralized finance ecosystems and Injective’s infrastructure could be tailored to capitalize on this trend. This is because the network offers fast transaction speeds, low fees and built-in liquidity services, which are well-aligned for AI agents. Projects like $AGENT, which is the first AI token on Injective using the new AI agent, and the Injective AI Intern have already been launched, showcasing how AI agents can quickly scale and generate tangible value within Injective’s ecosystem for its users.
🥷 The bigger picture: The rise in popularity of AI agents on Injective can be seen as a shift in how blockchain and DeFi cooperate in unison.
The cooperation between the two can enhance users by providing increased automation, efficiency and accessibility to perform onchain transactions. Since the software is still in its early stages, Injective’s early adoption can position it as a leader in an AI-enabled financial future.
Expanding its financial ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Valour deployed 20 digital asset ETPs, including Injective as one of them
Hydro launched Loop Staking for users to earn compounded rewards on staked $INJ
DojoSwap added portfolio tracking to its automated market maker DEX
Sonic, a Solana Virtual Machine for gaming applications, teased it will partner with Injective for cross-chain AI
Read about AI Agents on Injective and its role in the ecosystem
Explore Injective’s institutional overview here
Exploring the trading landscape
Injective NFTs hit 6,954, nearly a 770% increase week-over-week, according to Talis data
Neptune Finance deployed its token to Mito launchpad for users to claim before its listed
Injective stablecoin market cap is back near all-time highs at about $30.5M
Source: DefiLlama
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
ICYMI: Helix released a points program for its protocol users to earn rewards based on their usage rate
TruFin launched TruStake, a liquid staking protocol on Injective
Injective Labs Product Manager Joan De Arcayne spoke with X user PostHumanDevs about what to expect in the near future on the protocol
Learn about Injective’s network features in a thread by X user washuu
For more Injective updates, check out its blog here.
Dive deeper into Injective
Want to get involved in the ecosystem? Developers can check out documentation, GitHub and more here. Find the latest job postings here or get involved at an event below.
Tune in to Injective’s upcoming X space, Meme Monday, on Dec. 16 at 1PM EST
Love memes? X user Maslyuk is hosting a meme creation contest ending Dec. 25
To get this newsletter delivered to your inbox every Monday. Subscribe here.
This product was built by Token Relations.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.