Upbit Adds Support for INJ: Injective Trading Gathers Steam

• Injective (INJ) was added to Upbit’s trading pairs with KRW and USDT, enhancing its availability to the South Korean trading community.
• The number of active Injective addresses soared by 2,000%, achieving a milestone of 1 billion transactions, which signifies a growing adoption of the blockchain.

On October 17, Upbit, which is the leading cryptocurrency exchange in South Korea, revealed that they had integrated Injective (INJ) into their KRW and USDT trading offerings.

The inclusion on Upbit is a crucial milestone for Injective’s L1 network, with its native token INJ playing pivotal roles in governance, boosting liquidity mining, and fortifying blockchain security.

Although the announcement was made the previous day, it continues to resonate within the cryptocurrency space as it signals the ongoing expansion of Injective’s influence across key trading environments. The Upbit integration is poised to provide greater exposure and market access, ultimately fostering increased liquidity within the Injective network.

NTT Digital Becomes a Principal Validator on Injective’s Blockchain

In other noteworthy updates for Injective, NTT Digital, Japan’s premier telecom company, has been inducted as a primary validator on the Injective blockchain, as reported previously here. This development is a significant step forward in Injective’s strategy for Web3 proliferation.

As a validator, NTT Digital is highly integral in transaction verification, safeguarding the network, and providing critical infrastructural backing. The inclusion of such a well-established validator is indicative of the increasing confidence in Injective’s blockchain infrastructure and its potential to support decentralized, large-scale projects.

Furthermore, the growing interest in Injective is also evident from data shared by CNF in early October, showing a surge of 2,000% in daily active addresses, thereby propelling Injective’s transaction volume past the one billion mark, which underscores the widespread adoption of the network.

Moreover, Injective has intensified its token burning initiatives with the advent of INJ 3.0, increasing token burns by 400%. This reaffirms Injective’s position as a leading deflationary digital asset, attracting the attention of both developers and investors.

Currently, Injective’s native token INJ is valued at approximately $21.42. It has observed a rise of 11.66% over the last week and an uptick of 3.54% in the past 24 hours.