BitGo has officially joined Injective as a validator, strengthening its institutional presence in decentralized blockchain infrastructure.
Injective recently launched new features like Degen Arena and tokenized forex to attract both traders and institutions.

BitGo, one of the largest digital asset managers with over $100 billion in assets under management, has now officially joined the Injective network as a validator. This decision isn’t just about adding another big name to the validator list. It’s about how big institutions are starting to get hands-on with the infrastructure layer of blockchains, and Injective seems to be the place to do it.

As a validator, BitGo will play a role in the consensus process and transaction validation on the Injective network. But beyond that, BitGo has also integrated direct support for the INJ token into its platform. So for institutional investors who may have been “watching from afar,” they can now take direct control—without having to worry about security or liquidity. They can even delegate tokens to BitGo and help secure the network.

The $100 Billion digital asset manager @BitGo has officially joined Injective as a validator, powered by @twinstake_io.

With over $2 Trillion in transaction volume, BitGo brings an unmatched track record with both retail and institutional users to the Injective ecosystem. pic.twitter.com/QSOlwGurgL

— Injective (@injective) June 6, 2025

From Cashback to Clan Battles, Injective Keeps Expanding

However, BitGo isn’t the only interesting story from Injective lately. The network is increasingly diligent in embracing the community and institutions at the same time. On May 27, they launched the Validator Rebate Program, a kind of cashback system specifically for users who support certain validators, including BitGo. The goal? Let more people help maintain the network and participation spread further.

New and old delegators can get a partial commission refund. In the traditional world, this is like getting a discount on your electricity bill, as long as you use solar panels.

Furthermore, Injective also doesn’t want to be left behind in the social realm. On June 4, 2025, they launched Degen Arena—a social platform built directly on Telegram. This is not an ordinary chat group.

Degen Arena allows users to trade derivatives while joining “clans,” competing with each other in strategy, and even using risk management tools together. It feels like a combination of Discord, BitMEX, and a mobile strategy game. Supported by Helix, this feature makes the trading world more lively but still structured.

On the same day, Injective also collaborated with Kaito AI to launch the Yapper Leaderboard. This is a kind of reward system for communities that actively create content, discussions, or just educational comments about Injective. Top contributors can get prizes in the form of INJ tokens. If content is usually paid for with likes, here it is paid for with crypto. Interesting, isn’t it?

Tokenized Forex Is Now Live, No Brokers Needed

On the other hand, Injective is also expanding its wings to the forex sector with the launch of EUR and GBP tokenized pairs.

CNF previously reported that this feature is present through the iAsset framework they developed, enabling on-chain currency trading, 24 hours non-stop, without the need for brokers or high barriers to market entry. It’s not just crypto traders who can enjoy it—even those who usually play in the traditional currency market can now try the blockchain version.

As of press time, INJ is swapped hands at about $12.11, slightly up 0.12% over the last 24 hours and its market cap is about $1.21 billion.

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Filed under: Bitcoin - @ June 7, 2025 8:00 am