Injective Fuels 8.1% Surge in INJ as New Tokenized GPU Derivatives Launch

Injective has experienced a significant price surge, with its token INJ climbing 8.1% in intraday trading to reach $14.23 USD. This notable growth is attributed to the launch of tokenized NVIDIA H100 GPU derivatives. These new derivatives allow users to trade decentralized exposure to GPU rental prices, fostering innovation in DeFi and AI infrastructure. Cboe has also filed for a staked INJ fund through Canary Capital, marking Injective as one of the first platforms with such products. This development follows the successful launch of the Ethernia upgrade, enhancing scalability and interoperability within the Injective ecosystem.