On the 2nd of August, the Injective team took to Twitter to announce a new feat in its history. The decentralized protocol has successfully processed over 90 million transactions since its inception, and the team looked set to get the figures up to a hundred million.
Just last week, the protocol also announced the launch of Injective explorer. This was accompanied by a revamped interface and new sections that displayed the CosWasm smart contract deployments.
With CosmWasm, users can enjoy self-executing smart contracts, binary options, interchain accounts, and much more. The Injective chain has held a reputation as a blockchain built for finance. Its ecosystem is growing rapidly, and developers are building a host of decentralized applications on the protocol.
Frontrunner is one such application. Frontrunner is a decentralized prediction and sports platform that rewards active participants. A few weeks back, the application launched a 12-week trading competition with a $15000 price pool for winners. The sports prediction market has zero gas fees, and users can access unlimited markets while fully controlling their portfolios.
Another famous DApp built on Injective is INJ Dojo. INJ Dojo is a platform for traders to practice their trading. Unlike Frontrunner, though, the platform charges trading fees used to develop the INJ community.
Other notable DApps supported by Injective are Dexterium and Wavely exchange. Both are order book derivative exchanges built to simplify the trading experience for DeFi users.
Undoubtedly, the fascinating features of the Injective protocol will attract a host of DeFi users to the ecosystem soon. So far, over 100 projects have been built on the Injective blockchain, and the protocol has more than 200 thousand community members spread across various nations. Also, the project is backed by influential individuals and crypto companies like Mark Cuban and Pantera Capital.