- Injective’s integration with TON enhances asset access and introduces new utilities like trading and on-chain lending.
- Injective’s gas compression technology allows over 3,000 transactions for just $1, revolutionizing affordability in crypto.
In a tweet, Injective announced their integration with the TON blockchain ecosystem, uniting two formidable powers in the Web3 sector. This integration allows Injective assets, including INJ, to be bridged and used across the TON network, while TON can now be used in Injective’s decentralized applications.
This integration is more than simply a technological accomplishment; it marks a fundamental shift in how these two ecosystems may interact and flourish together.
1/ Injective is officially integrated with the @ton_blockchain ecosystem, a historic moment for both communities.
Now, Injective assets such as $INJ can be bridged & utilized across TON while $TON is also leveraged across Injective dApps.
Open finance, reimagined 💎 pic.twitter.com/Dt1r3NBBKK
— Injective 🥷 (@injective) August 14, 2024
Expanding INJ and TON Utilities for Future Blockchain Innovations
The integration opens up previously imagined opportunities. Users from both communities will have access to a greater selection of assets and utilities. For example, the functionality of INJ and TON will expand beyond their existing use cases, letting them be used in novel ways such as trading, asset tokenization, and on-chain lending.
This increased utility is projected to revitalize the Injective and TON ecosystems, paving the way for future breakthroughs in the blockchain sector.
INJ and TON are only the start. As the first integrated assets, they lay the path for future collaborations and integrations between the Injective and TON ecosystems.
This collaboration demonstrates both communities’ commitment to pushing the limits of what is feasible in Web3 finance. Injective and TON are pioneering a more integrated and adaptable blockchain world. In addition to this revolutionary integration, Injective has been making progress in other areas as well.
As we previously reported, Injective implemented gas compression technology, resulting in the lowest Layer 1 transaction fees in the blockchain market. This breakthrough enables users to make over 3,000 transactions on the Injective network for just $1, changing cryptocurrency pricing and accessibility.
Furthermore, Injective has introduced AINJ, an Injective Staking Exchange Traded Product (ETP) through 21Shares. This product provides INJ exposure through major financial exchanges and traditional brokers, as well as the opportunity to receive staking incentives.
This expansion strengthens Injective’s position as a blockchain industry leader, providing its users with a wide range of valuable financial solutions.
At the time of writing, the price of INJ is about $19.07, up 4.75% over the last 24 hours and 7.66% over the last seven days.
