Injective's Stockdrop Goes Live Amidst Ecosystem Growth
Injective's Stockdrop has gone live, allowing users to claim tokenized stock rewards. The Community BuyBack closed with over 7.2 million INJ burned, making it a successful event for the network. CypherOS, a privacy platform for confidential transactions and tokenization, also made its first public appearance this week.
The platform allows users to launch tokens powered by long or short perpetual markets, operating within the Injective ecosystem. INJ is now live across the Solana ecosystem, supported by Phantom and several trading, launch, and data apps.
Canary Capital filed an amendment for a Staked INJ ETF, planning to hold spot INJ and stake at least 90% of its US institutional holdings. Robinhood has also added INJ trading and transfer support, allowing users to trade native INJ without needing a bridge.