Injective (INJ) experienced a notable price increase on Wednesday, reaching highs of $8.20. This came as the layer-1 blockchain network’s DEX platform, Helix, unveiled its pre-launch futures product. The first token to list on Helix is Celestia (TIA), a modular data network developed by Celestia Labs.
The latest milestone is an addition to last week’s network achievements, which included integration with the NFT marketplace Dagora and the new Launchpad InjMarket. Pre-Launch Futures enables users to trade tokens before their official launch. According to Helix, “[it] effectively enables users to trade pre-launch markets that are typically reserved for early contributors, VCs or wealthy insiders.”
TIA will be used for transaction fees and has a fee burn mechanism similar to Ethereum’s EIP-1559. The token is expected to be listed on a major crypto exchange in the coming weeks.
INJ hit its all-time high of $24.89 in 2021 and traded to highs of $9.40 in April this year. The altcoin’s price is currently 3.5% up in the past 24 hours. The recent activity in the Injective market might have been triggered by the recently concluded TIA airdrop.
