Original - Odaily
Author - Asher
Editor｜Qin Xiaofeng
In the past week, as BTC has not shown strong upward momentum again, the overall market sentiment has been gloomy, but the Injective ecosystem has been highly discussed in overseas communities. Odaily has sorted out the two new projects that currently attract the most attention in the Injective ecosystem.As a reminder, the market fluctuates greatly, so be sure to conduct sufficient research before investing.
Injective: Overseas communities are more popular
When talking about the Injective ecosystem, the first thing worth paying attention to is INJ. In terms of price, INJ’s price performance has been relatively strong during this sharp correction of BTC. As shown in the chart below, after INJ broke through the downtrend line, the price quickly rose to a new high of $45.3. Then there was a correction, falling below $36 for a short time and then starting to rebound. It is currently stable around $40, and the overall trend is still in an upward trend.
Image source:TradingView
In terms of fundamentals, INJ will usher in a large-scale unlocking on January 21. This unlock will be the last unlock of INJ. After the unlock, INJ will complete full circulation and 100% of the tokens will be unlocked. The approximately 3.67 million tokens unlocked this time are worth over US$133 million, accounting for approximately 4.33% of the circulating market value.
Image source:TokenUnlocks
If INJ’s price remains strong during this week’s last token unlock, it is likely to have another strong rise and break through to a new all-time high. The following two popular projects in the Injective ecosystem are worth ambush in advance.
DojoSwap: The first native AMM DEX on Injective
Image source:Official recommendation
DojoSwap is the first AMM DEX in the Injective ecosystem, and its native token is DOJO. In the DOJO Launchpad held last week, a total of 635,000 INJ (worth approximately US$25 million) received participation, exceeding the target fundraising amount by 4,236%, which shows its high popularity.
Image source:Official recommendation
This project deserves attention for two reasons:
Highest TVL: DojoSwap is currently the project with the No. 1 TVL ranking in the Injective ecosystem. Its TVL is US$27.85 million, with a 7-day increase of over 670%.
Image source:DefiLlama
Ultra-high first mine income: In the first 5 days of starting to trade DOJO, you can obtain ultra-high annualized rates of return by forming LPs such as DOJO-INJ, KIRA-INJ, and NINJA-INJ. Among them, the annualized rate of return of DOJO-INJ The return rate is the highest, still exceeding 1450%. Although the daily release volume of DOJO is reduced tonight, even if the daily release volume is reduced by 30%, the LP group will still make good profits on the premise of stable prices.
Image source:Official website
Finally, regarding DOJO’s secondary price performance. The price of DOJOs IDO is 0.00375 INJ, which is about US$0.15. On the first day of trading, the price rose to above US$0.22. In the following days, the price continued to fall, and the lowest fell below the issuance price of the IDO. Just looking at the first two days of DOJOs opening, everyone may be disappointed that the price will perform so poorly. However, starting on January 14, the price of DOJO has been rising, with a maximum increase of more than $0.74, and the current price is $0.64 (as shown below).
Image source:dexscreener
Official Twitter:https://twitter.com/Dojo_Swap；
Official website:https://dojo.trading/。
Moon App: The first mobile Launchpad platform on Injective
Image source:Official recommendation
Moon APP is Injectives first mobile-focused Launchpad platform. Its native token is APP. The IDO issuance price is US$0.0067. The highest price on the opening day was US$0.0506, and the maximum increase in 24 hours was 655%.
This project deserves attention for three reasons:
The overseas community is extremely popular: On the one hand, official recommendations are very popular. The Twitter Space explaining the details of the token IDO has accumulated more than 62,000 listens. On the other hand, it has received publicity from overseas big Vs of the Injective ecosystem. The picture below shows the recommendation (more than once) of the APP token by KOL WIZZ (Twitter followers: 595K), a very popular KOL in the Injective ecosystem.
Image source:Twitter
Launchpad platform with low market value: According to the official Telegram introduction, the current circulation of APP is 180 million. According to the current currency price (0.046 US dollars), the current circulating market value is about 8.2 million US dollars, and the market value is less than 10 million US dollars.
Source: Official Telegram
Launched on multiple centralized exchanges: The APP was launched simultaneously on multiple exchanges on the opening day, including the well-known Bybit, Gate.io, MEXC, Bitget, etc. Although it has not been listed on a top-notch exchange like Binance for the time being, compared with other projects, it can be seen that the project team has spent a lot of energy on listing the token.
Finally, this week Moon APP will announce the staking model, IDO project and other related information, which deserves special attention.
Official Twitter:https://twitter.com/MoonAppOfficial；
Official website:https://www.moonapp.io/。
