Injective Gains Momentum as Upbit Lists INJ for Trading

• Upbit listed Injective (INJ) in the KRW and USDT markets, expanding its accessibility to South Korean traders.
• Injective’s active addresses surged 2,000%, hitting 1 billion transactions, reflecting increasing blockchain adoption.

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.

For Injective, an L1 network whose native token, INJ, is fundamental in governance, liquidity mining, and blockchain security enhancement, this listing represents a major turning point.

Although this news was reported a day ago, the crypto community still finds resonance in it since it reflects the continuous spread of Injective’s impact over important marketplaces. Increased visibility and accessibility for traders given by the Upbit listing should help to generate additional liquidity into the Injective ecosystem.

NTT Digital Joins Injective as a Key Blockchain Validator 

Apart from Upbit’s post, another significant event has been causing headlines for Injective. Officially joining Injective as one of its newest blockchain validators, NTT Digital, the biggest telecom operator in Japan, as we previously reported. For Injective’s larger Web3 expansion plan, this action marks a turning point.

NTT Digital is especially important for verifying transactions, network protection, and general infrastructure support by means of validator participation. Including such a prominent validator shows the growing faith in Injective’s blockchain technology and its capacity to enable distributed, major projects.

Beside that, according to CNF, early October data showing a 2,000% increase in daily active addresses highlights even more the growing curiosity in Injective’s blockchain. This increase underlines the growing acceptance of the platform since it has pushed the transaction count of the network above the amazing mark of one billion.

In addition, Injective has stepped up its token-burning process with the arrival of INJ 3.0, therefore boosting token burns by 400%. This has confirmed Injective’s reputation as among the most deflationary cryptocurrencies available, attracting developers as well as investors.

Meanwhile, Injective’s native token, INJ, is trading about $21.42 at the time of writing. Over the last week, it has gained 11.66% while having a 3.54% increase over the last 24 hours.