Injective
ChainsEmerging

Injective

RWA as a chain-level primitive instead of an app on top. Interesting thesis. Hasn't attracted the issuers to prove it yet.

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Brief

Cosmos-based L1 with native financial primitives. iAssets: perpetual futures (not spot tokens) linked to public equities (Big Seven, Circle, SharpLink Gaming) and indexes, traded via Helix DEX. $1.7B+ iAssets cumulative volume. Up to 25x leverage. Oracle-based pricing (does not custody underlying shares). Native USDC launched May 2026 with cross-chain protocol. Volan upgrade added dedicated RWA module. KAIO deployed tokenized BlackRock and Brevan Howard funds.

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Snapshot

Key terms and identifiers.

Asset classes
Treasuries
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Connections

Who they build with, build on, integrate with.

Tension

Direct competition or overlapping market position.