Injective (INJ) enhance as Helix unveils pre-launch futures

• Injective (INJ) value rose to highs of $8.20 on Wednesday.
• The features got here because the layer-1 blockchain community’s DEX platform Helix unveiled its pre-launch futures product.
• Celestia (TIA) is the primary pre-launch futures token to checklist on Helix.

Injective (INJ) is seeing a pleasant uptick in value immediately because the layer-1 blockchain provides to final week’s upside. Whereas the altcoin‘s value is at present simply 3.5% up up to now 24 hours, the features have been far more notable earlier within the day when INJ/USD touched highs of $8.20.

INJ traded to highs of $9.40 in April this 12 months earlier than the early 2023 momentum light alongside the lull throughout the crypto market. In 2021, the value of INJ hit the all-time excessive of $24.89.

Helix unveils pre-launch futures

Injective’s value features got here because the Injective blockchain added to final week’s community milestones, which included integration with NFT market Dagora and new Launchpad InjMarket. 

The newest milestone was achieved through Helix, a decentralized change (DEX) on Injective that launched its pre-launch futures on Wednesday. The product permits prospects to commerce in style tokens earlier than their official launch.

“Pre-Launch Futures are futures markets for tokens which have but to launch. Successfully, this permits customers to commerce pre-launch markets which might be sometimes reserved for early contributors, VCs or rich insiders,” the Helix staff mentioned in a weblog publish on Wednesday.

The primary token on the Helix pre-launch futures market is Celestia (TIA), the native token of the modular knowledge community developed by Celestia Labs. The platform’s not too long ago launched airdrop that concluded immediately may need aided the general sentiment within the Injective market.

TIA, which is predicted to go stay on a serious crypto change in coming weeks, can be used for transaction charges. The token additionally has a payment burn mechanism akin to Ethereum’s EIP-1559.