Hassan Maishera
On Wednesday, the Injective team announced via X that the new Injective Mainnet Upgrade proposal (IIP-619) has officially passed. This aims to significantly scale Injective's real-time EVM architecture while also enhancing its capabilities to support next-gen payments.
The upgrade vastly enhances the performance of Injective’s MultiVM architecture, optimizes the integration of Real-World Assets (RWAs) with Chainlink (LINK) oracles for real-time price feeds, and expands the capabilities of a new shared liquidity layer.
The green light for the mainnet upgrade has boosted traders’ sentiment, as the upgrade aims to scale Injective’s real-time Ethereum Virtual Machine (EVM) architecture and enhance its capabilities to support next-generation payments. The upgrade is scheduled for February 19 at 9 am ETF (UTC+8).
Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. Developers can utilize Injective’s plug-and-play modules to rapidly deploy applications that could take years on other chains. Injective is also one of the most interoperable L1s ever created which is fully compatible with major chains such as Ethereum and Solana.
Injective also provides a next-generation, highly interoperable smart contract platform based on Wasm 2.0, with advanced interchain capabilities. Injective utilizes a custom implementation of the Tendermint Proof-of-Stake consensus mechanism, providing instant transaction finality with lightning speed – sub second block times (0.6s) while sustaining enormous throughput (25,000+ TPS). Injective currently is also leading new forms of innovation across a number of verticals such as its pioneering work to integrate artificial intelligence with on-chain finance.
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 $3.37, up 8% in the last 24 hours.
