We’re tokenizing the Korean won for the first time on Injective.
One of the world’s largest currencies is coming onchai | Hanami
We’re tokenizing the Korean won for the first time on Injective.
One of the world’s largest currencies is coming onchain to power a next-gen RWA ecosystem, and it lands in the same week that also brought a $INJ BuyBack worth up to $251,000 and private swaps across 37 chains.
Below is everything that moved on Injective this past week ⤵️
🟪 KRW1 brings won settlement to onchain RWAs on Injective, issued by @BDACSKorea as Korea’s first won backed stablecoin with reserves held at a major Korean bank.
🟪 The $INJ Community BuyBack went live with up to $251,000 in INJ set to be burned, plus bonus onchain stocks on @solana for participants coming up.
🟪 Launch tokens on Solana paired with $INJ through @runupdotfun, now live, and earn $INJ rewards by holding them.
🟪 Private swaps on Injective now go both ways with Nox Superswap from @TryNoxApp, which moves assets in from or out to 37 chains through NEAR Confidential Intents.
📊 Key Stats
🟪 More than 7.2 million $INJ has been burned to date, fueled each month by Injective revenue flowing into the Community BuyBack.
🟪 Injective's onchain revenue growth is accelerating, putting it ahead of many major blockchains in the space such as @dfinity and @SuiNetwork.
🟪 USDC supply on Injective is up 43% in the last month to $16.5M, and over $100M in stablecoin supply is set to migrate here soon as we become the canonical stablecoin standard for 20+ chains including @cosmos.
🌐 Ecosystem News
🟪 Our COO @mirza told @CNBC how 24/7 access and value retention can bring tokenized stocks onshore in the U.S.
🟪 @FinchTechAI, an AI-native marketplace with 35,000+ users and 10,000+ skills deployed, is now building on Injective to put AI agents on onchain financial rails.
🟪 Traders pushed $405 million through Injective native DEXs over the past 7 days, lifting cumulative volume to $84.3 billion.
🟪 The Injective Trench Treasury has sent all $INJ holder rewards earned from our $NINJACAT position on StonkFun to the @NinjaCatSF core contributors.
The won is coming onchain, and the second Injective Stockdrop kicks off this week. Keep your eyes peeled for brand new upcoming releases on $INJ