The Injective team announced via X on Thursday that Galaxy, one of the largest Web3 institutions, has officially joined Injective as a validator. Galaxy’s introduction will further help to expand the rapidly growing institutional inflow into the Injective ecosystem, the team added.
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 $19.58, down by 4% in the last 24 hours.