INJ Hits New High: 5 Promising Projects in the Injective Ecosystem with Potential Airdrops and Growth
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INJ Hits New High: 5 Promising Projects in the Injective Ecosystem with Potential Airdrops and Growth
5 protocols in the Injective ecosystem worth watching cover application areas such as DEX, GameFi, and NFTs.
Navigating Web3 tides with focused insightsAuthor: andrew.moh, crypto KOL
Translation: Felix, PANews
Injective Protocol is an infrastructure framework for DeFi applications, enhancing cross-chain trading through derivatives such as perpetuals, futures, and spot markets. Built on both Ethereum and Cosmos blockchains, Injective aims to minimize gas costs.
Over the past year, Injective has seen significant growth and widespread recognition, with the INJ price surging over 2,700% and reaching a new high above $42. Despite the market hype surrounding Injective, the chain's true potential remains untapped, and its ecosystem is still in early stages, hosting several promising airdrop projects. Below are five projects within the Injective ecosystem highlighted by crypto KOL andrew.moh that show potential for future airdrops and development.
Helix
Helix is a DEX platform for trading crypto spot and derivatives, as well as creating and running financial applications built on Injective’s infrastructure. Helix enables infinite trading across cross-chain crypto assets and perpetual markets and offers rebates.
Key features of Helix:
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Decentralized order book
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Rebates
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Decentralized stop-loss limit orders
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On-chain matching
Although Helix has not officially confirmed an airdrop, the "Rewards" section on its website hints at a potential future airdrop. To qualify for rewards, users can:
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Trade
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Trade perpetual contracts
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Use their bots / set limit orders
Black Panther
Black Panther is a self-custodial asset management protocol offering returns through auto-compounding vaults and automated yield opportunities. Its token is BLACK.
Black Panther provides algorithm-powered trading bots. Users deposit crypto assets into vaults, allowing bots to trade on their behalf and profit from yield opportunities in the DeFi market.
Advantages of the grid trading bot:
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Profits from volatility without predicting market direction
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Passive 24/7 trading without constant monitoring
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Risk managed via setting price ranges and receiving alerts
Within the Black Panther dApp, there is an option labeled "Airdrop." When using Injective’s mainnet, users may be eligible for rewards upon the launch of the BLACK token.
Talis Protocol
Talis Protocol is a platform connecting artists, buyers, sellers, and print businesses within the NFT community. It addresses many NFT-related issues, including valuation and using NFTs as collateral for lending.
Artists can mint NFTs and produce xNFTs tied to real-world printing businesses. Customers purchasing printed editions buy xNFTs, which are then transferred to printing partners to create physical products like T-shirts and artwork.
Each physical product is verified via a digital receipt on the blockchain with a QR code, ensuring authenticity and enabling artists to showcase the uniqueness of their work in both digital and physical realms.
The TALIS token is the first native token in the Injective ecosystem. The DEX platform Helix recently launched trading for TALIS. By participating in Talis Protocol, users can earn on-chain rewards and engage with its NFT ecosystem.
Exotic Markets
Exotic Markets is a DeFi platform built on the Solana blockchain aiming to become the most flexible structured products protocol, offering diverse yields and underlying assets in the DeFi space.
Exotic Markets features two types of markets:
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Vaults interact with asset pools and run automated strategies to replicate specific yields.
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Single Products allow buyers and sellers of structured products to freely interact on an open, transparent platform.
The platform’s “robo-advisor” guides investors through product selection based on investment horizon, risk profile, and market outlook. Position tokens on Serum Exchange add liquidity to traditionally illiquid products. Exotic Markets’ native token EXO supports governance and fee discounts.
In 2022, Exotic Markets successfully raised $5 million in a private round led by Multicoin and Ascential Assets, with participation from Animoca Brands, Morningstar Ventures, and Solana Capital.
Ninja Blaze
Ninja Blaze is a GameFi platform built on the Injective blockchain. Currently available on testnet, Ninja Blaze has developed a game called Jackpot and is working on another PvP game named Roshambo Jackpot.
The Jackpot game operates via smart contracts, with every stage—fundraising, participation, and draws—executed on-chain. Each player’s winning probability depends on their deposit amount.
Ninja Blaze has mentioned a potential airdrop in Q1 2024 in its roadmap.
There are unconfirmed reports that Ninja Blaze has raised $206 million. However, no official sources have been found to verify this claim. Ninja Blaze also claims in its whitepaper that Injective is a partner, though no official announcements from Injective have been made.
Ninja Blaze is currently participating in the Injective Illuminate Hackathon, an event supported by Google Cloud and co-hosted by DoraHacks.
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