The Injective token seems to be up for a good market week amid new developments to the website. With a weekly increase in valuation of over 20%, the token had seen a 9.5% increase within 24 hours as of press time, taking the token’s price to $5.8.
INJ’s trading volume has also gone up by an impressive 62% as of writing, displaying the increased activity on the token’s network amid these new developments.
Injective’s new developments
Injective, a high-speed decentralized exchange (DEX) built on a layer one blockchain optimized for finance, has integrated Notifi, a real-time notification platform, to provide alerts and notification capabilities to its users. Notifi will start by offering alerts and notifications across the Injective ecosystem, starting with Helix, which is the premier decentralized order book exchange for trading crypto assets and derivatives.
Notifi is one of the latest projects to join the Cosmos ecosystem, a network designed to address the problem of blockchain interoperability. With Cosmos, developers can use the Cosmos SDK to create their own layer one blockchain tailored to their specific needs, while still being interoperable with the wider Cosmos ecosystem through Cosmos Inter-Blockchain Communication (IBC). This allows developers to build specialized, best-in-class blockchains that are highly interoperable, scalable, and truly decentralized.
Notifi’s real-time alerts are a game changer for both individual and institutional Injective users, as they help to keep users informed of key announcements and market alerts via Email, SMS, Telegram, Discord, and webhooks across any Web2 and Web3 channel. This feature is particularly important given the complexity and rapid pace of change in the Web3 space. With Notifi, users can receive real-time updates on their positions wherever they are.
The integration of Notifi with the Injective ecosystem will allow users to receive alerts on a range of events, including Helix announcements, market and limit order confirmations, margin health notifications, liquidation confirmations, and trading price pair alerts. Helix, the DEX built on the Injective network, plans to add these notification features within the coming months.
Notifi’s SDK offers developers the ability to quickly deploy notifications on their dApp using low-code React Card or APIs for custom UI. They can enable personalized alerts using on-chain and off-chain events, as well as Notifi’s community management tools. This allows dApps to reach users across any Web2 or Web3 channel, including email, SMS, Telegram, mobile and browser push notifications, wallet-to-wallet chat, and more.
This integration is just the beginning of Notifi’s expansion into the Cosmos ecosystem. The company believes in building a communication infrastructure that replicates what we are used to in Web2, but in Web3. Notifi’s SDK can help developers to integrate notifications into their DeFi protocols, wallets, DAOs, marketplaces, and next-gen gaming dApps.
