Injective, a blockchain for Web3 finance applications, announced its Volan chain upgrade, marking its “largest” mainnet upgrade to date.

Injective has introduced a Real World Asset (RWA) Module, offering a new approach “to creating and managing permissioned assets with extensive customization options.”

This module enables both institutions and individual users to “launch and access a variety of structured products and RWAs.”

These include unique offerings “like tokenized fiat pairs, treasury bills, and exclusive credit products, accessible through compliant gateways.”

Additionally, the platform allows “the creation of tokens with tailored features, including specific allow lists that control asset access. Injective incorporated the permissioning layer directly into its native chain, which maintains capital efficiency for all users while providing compliant access points for financial institutions.”

The upgrade also brings “an expanded version of the Inter-Blockchain Communication (IBC) Protocol to market, whereby anyone can directly interact with Injective’s Web3 financial modules, such as its on-chain order book.”

This integration enables complex cross-chain transactions, “including advanced order routing and swaps. For instance, a user can perform a cross-chain swap using a decentralized application (dApp) on Celestia and seamlessly route it through Injective’s orderbook module to complete the swap, all without needing detailed knowledge of the underlying processes.”

Injective is also introducing its Exotic Oracle Feed Design, a feature “that integrates off-chain price feeds directly into the blockchain.”

This addition allows dApps to “launch a variety of exotic assets, markets, and products, including foreign exchange, tokenized bonds, and more.”

The latest enterprise APIs built by Injective reportedly “reduce latency by 90% for institutional users. This improvement is achieved through an innovative mechanism that allows users to bypass indexers and directly post transactions onto the blockchain, enhancing efficiency and speed.”

Injective has also modified its on-chain inflation parameters, “making the INJ token increasingly deflationary over time.”

The token’s economics are now designed “to improve dynamically as staked assets grow, potentially reducing inflation to near zero in the long term.”

Eric Chen, CEO of Injective Labs, said:

“This Injective Volan Mainnet upgrade is focused on providing developers with unmatched native building blocks for next-gen finance applications while simultaneously improving connectivity to other blockchains and applications. Injective continues to cement itself as the only major L1 blockchain for finance, paving the way for everyday users and institutions alike to attain unprecedented access into the world of Web3 finance.”

As noted in the update, Injective is “an interoperable layer-one blockchain optimized for building the premier Web3 finance applications. Injective provides developers with powerful plug-and-play modules for creating unmatched dApps. INJ is the native token that powers Injective and its rapidly growing ecosystem. Injective is incubated by Binance and is backed by prominent investors such as Jump Crypto, Pantera, and Mark Cuban.