• Injective integrates with Elliptic to enhance network security and regulatory compliance.
• Injective launches Altaris, its most advanced chain upgrade, boosting network capabilities.

In a tweet, Injective announced their collaboration with Elliptic, a renowned blockchain analytics platform for financial institutions and corporations. This collaboration is intended to improve the network’s security and regulatory compliance.

Injective is now integrated with @Elliptic, a leading blockchain analytics platform for financial institutions and enterprises.

With Elliptic’s suite of products, developers and businesses can easily map fund flows within the Injective network, all while meeting global… pic.twitter.com/u4fMzGb25y

— Injective (@injective) August 6, 2024

Elliptic Integration Ensures Regulatory Compliance and Security for Injective Network

Elliptic’s solution suite enables developers and enterprises to effortlessly map capital flows within the Injective network while conforming to worldwide regulatory norms.

This capacity is critical for institutions to onboard Injective with the relevant regulatory standards, demonstrating Injective’s commitment to security and excellence in the blockchain financial industry.

Previously, Crypto News Flash (CNF) noted that the network has handled more than $200 million via its native decentralized exchange (DEX) over the last 24 hours. This substantial volume demonstrates the Injective network’s expanding use and utility.

Furthermore, the network recently deployed Injective Altaris on the mainnet, marking the most significant chain improvement to date. This big improvement, the first since Volan’s release in January 2024, promises to provide the most optimal and advanced version of Injective yet.

Furthermore, the network has added AINJ, an Injective Staking Exchange Traded Product (ETP) launched by 21Shares in July. AINJ connects traditional financial markets with decentralized markets, providing exposure to INJ as well as staking rewards.

This new solution is an important step toward integrating decentralized finance (DeFi) into existing financial institutions.

Despite these favorable improvements, Injective’s native token, INJ, has declined. INJ fell 2.34% over the last 24 hours to $16.33, with a daily trading volume of $100.10 million. This performance appears to be underwhelming, as numerous big cryptocurrencies show indications of recovery from recent sell-offs.

On the other hand, according to a prior CNF report, the meme token BRETT led the crypto market’s comeback yesterday, with a double digit increase. This increase signaled a huge inflow of whale funds into the crypto market, which boosted market confidence.