Scaling to Infinity and Beyond - TOKEN2049 Singapore 2023

hey guys how's it going really uh really appreciate it and let's begin so hey guys this is Eric Chen a co-founder and CEO of injective labs we're one of the core contributors to injective and to put us simply and for those who don't know injective is the blockchain bill for finance so a brief history about uh injective obviously currently at a stage uh for every single upgrade integration and partnership for injective as an ecosystem it's always focusing on building the best possible blockchain and environment for what three financial application developers and users but it didn't start all the way like this in the beginning when we got started with injective Labs the idea of an application specific chain or nap chain much less a sector-specific chain was a completely new and foreign idea we were one of the first pioneers to build these Concepts within Cosmos ecosystem creating a novel chain that was built specifically for financial applications while having a full Suite of developer experience and smart contract capabilities uh so when we started we created one of the first fully Unchained order book oh there you go um and at the current stage uh the injective as a blockchain has a lot of the core modules that a lot of these web through developers can plug and play integrate knowing that it's fully secure and scalable there's obviously the aforementioned on-chain limit order book there's also the Oracle module uh there's the you know interoperable bridges that are tightly connected to ethereum with integration with a lot of other Bridges Bridge Solutions like axillar like Wormhole et cetera and there's also a very very cool environment that allows for automated contract execution via the cosmoplasm environment and of course there's a custom Blossom smart contract itself and with all those modules and integration it creates a very flourishing environment for a wide variety of ecosystem dapps and developers so at the current landscape like just keeps growing every time I try to make a presentation like this um there's already you know like uh Helix for a star which has processed you know roughly nine billion dollars to date with hundreds of millions of dollars uh being processed every week and then on top of that there's a recent deployments like astropor uh Hydro black panther uh Elixir Etc and this list is just going to keep growing every single day especially with the recent Trend within the injective ecosystem with nfts and everything and of course the crown uh Crown Jewel of the injective ecosystem and something that the injective labs has been spending a lot of time working on is Midol and last year we recently teased Project X which was a secret project we were working on trying to democratize and really bring on-chain strategy and on-chain capital efficient market making to injective and now it is fully come into uh fruition with Public Access test net and now it's called Midol and anyone can now you know go on vital and access and test out some of the product before it goes into production and the performance has been you know exactly as promised um so like we mentioned before it has 4X better uh p l performance uh four to Ax better liquidity at the top of book compared to a lot of the current amm Solutions Etc it basically provides much better uh p l Equity curve and then on top of that you know there's no permanent loss whatsoever and yeah here's kind of like a snapshot of the injective ecosystem uh it's a list that we're trying to fit everyone in but understand that it's a growing fairly rapidly so Mr 150 million dollar injected Venture group it has brought in a lot of developers and uh recently it has also backed a lot of very promising projects that are building on top of injective so what's next obviously if we stop there and just let the ecosystem flourish that I think that would probably uh be enough but the mission is not to just create a blockchain bill for finance that is already what injective is uh the mission is to create a democratized financial future through decentralization and the future of democratized Finance is not going to be just rested on one kind of finite scale system but it will be incorporated uh a global set of web3 ecosystem with different types of user base Etc and we already have a highly interoperable bridge but simply transferring acid probably isn't going to have that uh economics and the products uh that will truly integrate with each other you're going to need a lot more than just having Bridges connecting to all the ecosystem so what we're working on is pioneering its way to make a truly connected Network by creating this concept of Electro chains introducing injective Electro Chains It's a new era of Limitless scalability this allows us to First build a infinitely scalable roll-up environment you know uh different types of ecosystem with different types of security assumptions and building a completely new universe of blockchains so we already pre-announced uh one of the very very first Electro chain which is called Cascade uh it's an svm environment built on top of injective as a roll-up in collaboration with eclipse now second phase for us and for more Electro chains to pop up is developing more and more of these environments now without kind of uh spoiling the surprise a little bit too much there's currently within the works an electrical chain for evm zkevm and also move and the list is very very rapidly expanding so stay tuned for any type of updates or announcement for you know our partner launches uh very soon and yeah um with the promise of electoral chain the next stage of evolution for injective is being able to limitlessly scale uh providing Limitless opportunity and possibility for developers and most importantly a limitless future for web3 thanks so much for listening and um uh yeah if you want to stay tuned check out uh injective Twitter and go on injective.com for any questions you might have and yeah I think I can I have a few minutes for questions