Injective Mainnet Canonical Chain

Published on: 20.09.2021
Injective Mainnet Canonical Chain

Injective released article with details what has been accomplished on the Canary Chain thus far and shed light on the upcoming Mainnet Canonical Chain release.

The Canonical Chain represents the full fledged version of the Injective Chain mainnet without any form of deposit or trading limitations. In addition, it marks the canonical manifestation of the Injective Protocol — the first fully decentralized cross-chain spot and derivatives exchange protocol.

🔹Canonical Chain Release Progress

The section here will outline the distinct work streams that are currently underway while also providing a brief summary of milestones that have been achieved.

🔹Injective Hub: An Interconnected DeFi Hub

With the launch of the Injective Hub, individuals gained new capabilities for earning staking rewards, participating in governance, and underwriting insurance funds.

In order to achieve mission to create a more free and inclusive financial system through decentralization, it is critical that each component of the protocol is as decentralized and community-driven as possible, including the knowledge and governance of the protocol. To that end, they ’ve been amazed by the vibrant Injective community for the critical role it has already played in shaping the protocol.

About Injective

Injective is the first cross-chain protocol built for decentralized finance applications. On the Injective exchange, anyone can access, create, and trade unlimited DeFi markets such as futures and perpetuals. Developers can also build cross-chain Ethereum-compatible projects that are lightning fast and achieve instant transaction finality. Injective is backed by a prominent group of stakeholders including Binance, Pantera Capital and Mark Cuban.

📰 INFO

https://blog.injectiveprotocol.com/road-to-canonical-chain-mainnet-release/

Market Stats:
BTC Dominance: 60.85%(+0.24%/24h)
ETH Dominance: 10.07%(-0.27%/24h)
Defi Market Cap: $90.21B(+72.87%/24h)
Total Market Cap: $2875.88B(-8.09%/24h)
Total Trading Volume 24h: $185.59B(+115.15%/24h)
ETH Market Cap: $289.66B
Defi to ETH Ratio: 31.14%
Defi Dominance: 3.02%
Altcoin Market Cap: $1126.04B
Altcoin Volume 24h: $113.82B
Total Cryptocurrencies: 33935
Active Cryptocurrencies: 10889
Active Market Pairs: 101104
Active Exchanges: 797
Total Exchanges: 10119
BTC: 88241.58$(-0.06%/1H)
ETH: 2399.61$(0.68%/1H)
AVAX: 21.08$(1.56%/1H)
BNB: 606.8$(0.49%/1H)
MATIC: 0.26$(0.61%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.65$(-0.15%/1H)
DOT: 4.31$(1.24%/1H)
UNI: 7.77$(0.73%/1H)
CAKE: 2.13$(0.71%/1H)
SUSHI: 0.74$(1.25%/1H)
ONE: 0.01$(1.05%/1H)