Injective, a cryptocurrency platform, experienced a significant increase in daily active on-chain addresses, with a 2,000% surge in October. This steady increase in user involvement indicates growing popularity in the larger crypto market. Additionally, the Long/Short ratio for the INJ/USDT pair on Binance suggests a hopeful attitude among traders, with nearly two long holdings for every short position. The release of INJ 3.0, which introduced a 400% increase in token burning, further adds to Injective's deflationary nature. The tokenized index created for BlackRock's BUIDL Fund is another notable development, offering customers access to the fund's assets exceeding $500 million. Despite a decline in INJ token prices, the platform shows promising growth.



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