The blockchain market changes rapidly and often relies on very short-term narratives. In this process, most projects don't survive long and disappear. As Forbes mentioned, there are many so-called 'zombie projects' that exist but do nothing. On the other hand, there are also consistent projects that have undergone various changes and developments, both technically and non-technically, to prove their value over a long period in this market environment.
Injective, which we'll introduce today, can be considered a prime example of a consistent project. Although it started in 2018, it has grown steadily over the past six years. Technically, it has enabled the processing of vast transactions through FBA (Frequent Batch Auction), and has created a developer-friendly environment by introducing various modules (Exchange, RWA, Auction). Moreover, it has continuously attracted users by swiftly adopting projects that have garnered much attention in the market, such as Ethena, Ondo, and Jambo.
While the blockchain market tends to focus on and depend on momentary topics and narratives, it's necessary to recognize the value of consistent projects and maintain ongoing interest in them. As this process can lead the market to find fundamentals, Injective is certainly a project worth keeping an eye on.
Dive into 'Narratives' that will be important in the next year