Injective Launches Tokenized Trading for NVIDIA GPUs, Driving 8.1% Increase in INJ

Injective's New Offerings: Injective has launched tokenized NVIDIA H100 GPU derivatives for trading, allowing exposure to decentralized compute rental prices, and has also tokenized shares of Ethereum treasury firm SharpLink.

Market Performance: The INJ token is currently trading at $14.23, reflecting an 8.1% intraday increase, with a market capitalization of $1.39 billion and significant trading volume of $248.6 million.

Recent Developments: The protocol has seen intense ecosystem activity, including the rollout of a new financial primitive on August 12 and a leadership restructuring aimed at enhancing institutional partnerships.

Technical Analysis: INJ has broken above the $13.70 resistance level, indicating bullish momentum, with further targets set at $15.70, supported by positive momentum indicators like RSI and MACD.