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Injective

Injective is a custom interoperable layer one protocol for building powerful exchange, DeFi, derivatives & Web3 applications. Injective was created using the Cosmos SDK and is able to achieve instant transaction finality while sustaining lightning-fast speeds. INJ is the native deflationary scarce asset that powers the Injective Protocol and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by Pantera Capital.

How They Aim to Use KYVE

Through this integration, KYVE will index data on the Injective blockchain, a Cosmos SDK-based chain that includes an innovative orderbook infrastructure. Since its mainnet launch, Injective has produced over 29 million blocks and processed over 185 million transactions. The outstanding performance of the newly-launched chain has naturally led to the creation of a wide assortment of data that KYVE can help organize.

“Decentralized data storage will be an integral component of Injective’s infrastructure moving forward,” said Injective Labs co-founder and CEO Eric Chen. “The Injective community is excited to be working alongside KYVE to further drive adoption of scalable and immutable data for users globally.”

Projected Benefits

Developers using Injective will now be able to leverage KYVE’s data storage solution to access reliable, verified, and permanently-stored data. In other words, KYVE will gather all of Injective’s blocks and transactions in order to archive that data through KYVE onto Arweave. Thus, data on Injective can be truly decentralized from a storage perspective.

“We’re thrilled to welcome Injective into the KYVE Network and look forward to working with the broader community to build the cross-chain future,” said John Letey, co-founder of KYVE. “Injective is revolutionizing the way traders access markets and manage their digital assets. Our data storage solutions can allow Injective to further decentralize its data and make it more accessible to the masses.”

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