TLDR:
- The Community BuyBack closed with more than 7.2 million INJ burned, and Stockdrop claims are now open.
- CypherOS made its first public appearance as a privacy platform for confidential trades and tokenization.
- Canary Capital filed Amendment No. 3 for a Staked INJ ETF that plans to stake at least 90% of holdings.
- Robinhood now supports INJ trading and transfers, giving users native INJ access without a bridge.
Injective Stockdrop went live this week, allowing participants to claim tokenized stock rewards. The Community BuyBack closed with more than 7.2 million INJ burned to date.
CypherOS also made its first public appearance as a privacy platform on the network. Meanwhile, Canary Capital filed an amendment for a Staked INJ ETF, and Robinhood added INJ trading and transfer support. These updates form the main developments on Injective over the past week.
Stockdrop and CypherOS Go Live
The first Injective Stockdrop is now live. The Community BuyBack that preceded it has ended. According to the project, more than 7.2 million INJ have been burned to date.
Stockdrop participants can now claim their tokenized stock rewards. The project refers to eligible community members as loyal ninjas.
CypherOS also made its first public appearance this week. Injective shared a preview of the platform. CypherOS is built for confidential transactions, trades, and tokenization. The project describes it as a privacy platform on Injective. Injective positioned the platform for use across its network.
Injective’s post on X also listed several ecosystem launches. Sprout (@sproutsomefun) lets users bridge, discover, and trade new launches in one place. RunUp (@runupdotfun) is now live as well.
It allows users to launch tokens powered by long or short perp markets. Both projects operate within the Injective ecosystem.
INJ is now live across the Solana ecosystem. Support includes Phantom and several trading, launch, and data apps. The FOMO thesis competition also ended.
INJ was sent to every winner, and Injective said more releases are on the horizon. The network included these items in its weekly recap.
Institutional Access and Network Activity
Canary Capital filed Amendment No. 3 to its SEC registration statement for a Staked INJ ETF. According to the update, the fund plans to hold spot INJ.
It also intends to stake at least 90% of its US institutional holdings. Injective shared the filing detail in its weekly post on X.
Robinhood now supports INJ trading and transfers. Users therefore get a direct route into Injective with native INJ. The platform does not require a bridge.
Robinhood users can trade without moving assets across chains. Injective listed the update among its top developments this week.
Injective and LG CNS are also working together. The goal is to bring more activity onchain through a 24/7 programmable economy.
In addition, Injective hosted the largest institutional event during Korea Blockchain Week. Attendees included members from Coinbase, the Federal Reserve, LG, BitGo, and more.
Network data was also part of the update. Injective has processed more than 3 billion transactions. More than 42 million of those took place in the past 30 days. Injective listed these figures under key stats.
