Injective has submitted a governance proposal to launch the world's first on-chain S&P 500 Index. If approved, the index will be accessible as a perpetual market on the blockchain, allowing users to engage in derivatives trading. The voting for the proposal is still ongoing and will conclude in four days. Injective is also expanding its ecosystem through partnerships, with Korea Digital Asset Custody (KDAC) joining as an injective validator and Sonic SVM integrating the Solana ecosystem. Additionally, Injective had previously launched the AI Index Perpetual Market and aims to lead innovation in the AI market, which is projected to reach $1.5 trillion in the next five years. At the time of writing, INJ was trading at around $13.14, down 8.29% in the last 24 hours.



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