Hassan Maishera
On Monday, the Injective team announced via X that it has launched the first-ever Nvidia GPU Derivative Market. This launch allows anyone, anywhere, to trade the rental rates of H100 $NVDA GPUs that power today’s most advanced AI technologies.
The Nvidia H100 hourly GPU market was created to tokenize the compute market, powered by Squaretower. Squaretower tracks the hourly cost of accessing H100s across top compute providers providing traders with real-time exposure to GPU rental market dynamics. The AI compute market is set to reach over $280 billion in size in the next 5 years.
Injective is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. INJ is trading at $13.89, down 5.25% in the last 24 hours.
