Injective, Underperforming in Crypto Markets, Now Plans Layer-3 Chain on Arbitrum

, only to tumble this year, is now planning a significant expansion – launching its own layer-3 network in the Ethereum ecosystem, based on the layer-2 project Arbitrum's technology.

The teams also shared that transacting on the inEVM network will contribute to the tokenomics of the Injective ecosystem, including the burning mechanisms of its $INJ token, “which aggregates and systematically burns a percentage of all protocol fees on a weekly basis.” “The significance of Injective’s integration with Arbitrum extends beyond just building blockchain networks or infrastructure,” said Eric Chen, the co-founder of Injective Labs, in the press release. “It enforces the fundamental principle of interoperability – closing the gap between Ethereum, Cosmos and other widely adopted L1s – for an ecosystem where cross-chain assets and liquidity can be truly composable across ecosystems.

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