Injective (INJ) Gets Listed on Upbit, NTT Digital Joins as Validator

Upbit, South Korea's largest cryptocurrency exchange, announced on October 17 that they has listed Injective (INJ) in both the KRW and USDT trading markets.

South Korea's largest cryptocurrency exchange, Upbit, announced on Monday, October 17 that they have listed Injective (INJ) in both the KRW and USDT trading markets.

This marks a significant development for Injective, an L1 network whose native token, INJ, plays a crucial role in governance, liquidity mining and enhancing the security of the blockchain.

While this news was reported a day ago, the crypto community continues to resonate with it as it showcases Injective's growing footprint across major marketplaces. The listing on Upbit is set to generate greater visibility and accessibility for traders, ultimately contributing to the injection of additional liquidity into the Injective ecosystem.

NTT Digital Joins Injective as a Key Blockchain Validator

Apart from Upbit's announcement, another noteworthy event has been making headlines for Injective. As we reported earlier, NTT Digital, the largest telecom operator in Japan, has officially joined Injective as one of its newest blockchain validators.

This move marks a turning point in Injective's broader Web3 expansion plan. Through validator participation, NTT Digital will play a pivotal role in verifying transactions, securing the network and providing critical infrastructure support. The addition of such a prominent validator attests to the increasing trust in Injective's blockchain technology and its capability to power large-scale, decentralized projects.

Moreover, according to CNF, early October data highlights the growing interest in Injective's blockchain, with a 2,000% surge in daily active addresses.

This surge underscores the increasing adoption of the platform as it pushed the network's total transaction count to an impressive new height of over 1 billion transactions.

Furthermore, with the advent of INJ 3.0, Injective has also ramped up its token-burning mechanism by a substantial 400%, boosting the total INJ burned to date. This move has solidified Injective's standing as one of the most deflationary cryptocurrencies in the market, attracting both developers and investors alike.

Meanwhile, at the time of writing, Injective's native token, INJ, trades at around $21.42. Over the last week, it has seen an 11.66% gain, while over the last 24 hours, it is up by 3.54%.