Truflation Integrates Injective, Driving Real World Assets & Decentralized Exchange Activity | Truflation
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Truflation Integrates Injective, Driving Real World Assets & Decentralized Exchange Activity

Published 04 Dec, 2023

“We are truly thrilled to be integrating with Injective: an exciting layer1 blockchain that – with the help of Truflation’s unrivaled economic data feeds – is set to drive the next market cycle," Truflation CEO, Stefan Rust, gushed.

In our support for limitless markets, Truflation chose to integrate with the leading Layer 1, and provide data toward RWA pricing and indexes to DEXs.

"This also marks the next step of Truflation’s evolution," Rust explained, "which will see us roll out our 15 million data points beyond simple inflation reading and into the pricing of RWAs. The tokenization of real-world assets will be a big growth area for digital assets, one we plan to power with our fully independent, verifiable, and on-chain economic data."

Truflation plans to launch the first futures commodity index exchange on Injective, which will further benefit users to trade indexes, futures, and derivatives on top of rare commodities.

Through the integration of Truflation’s real-time economic data feeds and indexes, any exchange or front-end application built on Injective can now effortlessly launch RWA-based indexes in a fully decentralized, on-chain environment.

Injective’s robust infrastructures, combined with Truflation’s data streams and price feeds in aggregate across commodities, metals, and precious metals and indexes, will prove to be invaluable for users.

Injective is a blockchain built for finance, launching a range of innovative dApps to power the evolution of DeFi. Truflation’s data is already powering Helix, the premier DEX built on Injective. With further integration, the goal is to have Truflation’s proprietary data rolled out across the network.

Eric Chen, CEO and co-founder of Injective Labs, concluded, “We are excited to have Truflation join the rapidly growing Injective ecosystem and bring a number of novel real-world assets. This integration will play a crucial role in driving Injective’s growth and revolutionizing the entire DeFi sector.”

Truflation is a leading RWA oracle service that provides independent, transparent, real-time financial and economic data on-chain. Tracking over 18 million items with three price feeds per item, Truflation’s censorship-resistant and accessible data indices provide the necessary data infrastructure to bring about systemic advancements in the DeFi economy, empowering dApps like DEXs to open limitless markets. From speculating on prices of orange juice and uranium, to enabling BTC-denominated oil, gas, and corn prices, Truflation provides the key to unlocking a diverse array of financial markets and instruments in the Web3 world.

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