The article covers recent price performance and news for DeRace, Inject, and Helium, with INJ surging 117% and HNT increasing 2.7%. Helium’s migration to Solana will be examined later.
We will examine the DeRace (DERC), Inject (INJ), and Helium (HNT) market statistics, prices, and news in this article. The impact of the most recent news on the price performance of the three projects will be examined in depth.
The most recent performance of the digital currencies Helium (HNT), Inject (INJ), and DeRace (DERC)
Today, let’s begin with the September 2021-born project DeRace. The past month for DeRace did not appear to be the best; the DERC token lost 22.11% of its value, dropping to $0.18.
We have not uncovered any recent news about DeRace at this moment because the project does not appear to be recovering from the bear market of previous years while also making no attempt to innovate.
In terms of market statistics, there are $16.4 million in market capitalization and $492,797.01 in trading volume during the previous 24 hours. There are currently 92.4 million DERC in circulation.
We now look at Inject (INJ), a different asset that during the past month has accurately reflected the end of the bear market. The token’s price has climbed by 117% in just 30 days, reaching an all-time high of $8.76.
According to market statistics, Inject has a $700 million market cap and $332.4 million in trading volume over the previous day.
80 million INJ tokens are now in circulation, and they are held for an average of 13 days.
Despite the price being well below its all-time high of $25.01, the route is on track to make up the difference.
Regarding Helium, we already covered the monthly performance in a previous article, so we’ll only focus on the performance for the previous seven days.
In the upcoming weeks, we will examine the effects on the token of Helium’s recent migration of its hotspots to the Solana network.
Currently trading at $1.83, HNT has only seen a 2.7% increase over the past week.
At Injective, Celer Network has built support for bridging.=
One of the most crucial chains in the Cosmos ecosystem by total value locked (TVL), Injective, has successfully integrated first bridging capabilities, according to Celer Network, a top layer-2 scaling platform.
With this change, Celer Network improves its capacity to offer cross-chain bridging for a variety of assets, including INJ, ATOM, ASTR, and DOT, spanning Injective and Astar as well as in the larger Cosmos and Polkadot ecosystems.
Users can now seamlessly move assets between chains thanks to this integration, taking advantage of Celer Network’s quick finalization, affordable prices, and safe services.
To fully realize the interoperability potential of the Cosmos and Polkadot ecosystems, the introduction of first bridging functionality for Injective is a necessary step.
With a total TVL of over $60 billion, the Cosmos and Polkadot ecosystems are among the biggest blockchain networks.
Users will be able to fully utilize the potential of these ecosystems thanks to the integration of Celer Network’s layer-2 scaling solution with Injective, enabling them to seamlessly transfer assets between chains and explore new options.
The layer-2 scaling solution from Celer Network gives users quick completion, lower costs, and superior security.
Users can transfer and receive assets in real time because to the rapid and secure transactions made possible by Celer Network’s distinctive design.
Additionally, the layer-2 scaling solution from Celer Network lessens blockchain congestion, enabling users to benefit from quick and seamless transactions even when there is a lot of network congestion.
Celer Network will continue to develop its features and connect additional chains within the Cosmos and Polkadot ecosystems after integrating initial support for Injective.
With the support of Celer Network’s increased visibility, these ecosystems’ full potential will be unlocked, giving users access to new possibilities and maximizing the potential of blockchain technology.
Helium’s effects on Solana
Solana, a blockchain platform for fast transactions and decentralized apps, improved its NFT environment after transferring Helium (HNT) hotspots.
As part of the move, Solana has minted over 350,000 Helium hotspots as NFTs, which could change the platform’s NFT ecosystem.
Before studying the consequences of HNT migration on Solana’s NFT landscape, one must understand the Helium network’s hotspots.
Helium hotspots connect IoT devices wirelessly.
Using LoRaWAN and LongFi, they build a low-power, long-range wireless network that can connect devices up to a few kilometers apart.
As part of the Ethereum-to-Solana transfer, Helium’s hotspots were minted as NFTs on Solana.
Thus, every hotspot is now a digital asset that can be traded, bought, and sold on Solana’s NFT market.
Helium hotspots have helped the Solana platform’s NFT environment for many reasons.
First, the migration of over 350,000 Helium hotspots to Solana has greatly increased the platform’s NFTs.
Moreover as supply increases, Solana NFTs may become cheaper and more accessible.
Additionally, a significant number of new users who weren’t previously active on the platform joined Solana as a result of the migration.
Second, a new kind of NFT was added to the platform with the migration of Helium hotspots to Solana.
Helium hotspots are distinctive digital objects with a particular application in the Helium network.
They are a significant asset to own because they may also be used as security for loans and other financial instruments.
Helium hotspots as NFTs have been added to Solana, giving users more investment options.
Finally, Helium hotspots have improved Solana’s NFT reputation.
Helium, a popular project with a strong community, moved to Solana to support the platform’s ecosystem and technology.
Finally this credibility will likely attract more initiatives and customers to Solana’s NFT market, boosting platform growth.
