If I had to pick the #1 project in the @Injective ecosystem, I’d go with @HelixMarkets. Helix is the “Everything DEX” – spot crypto, perps, and TradFi markets in one place: – Spot and perpetual futures: Leverage typically ranges from 10x to 50x, depending on the market. – RWAs and iAssets: Markets tied to U.S. stocks like $NVDA, $AAPL, $META, and $TSLA, plus commodities, FX, AI indices, pre-IPO names like OpenAI and SpaceX, and even NVIDIA H100 GPU rental prices. – Trading experience: One interface, an onchain order book, near-zero gas fees for users, sub-second finality, maker rebates, and support for wallets like Keplr and MetaMask. Helix shoulders much of Injective’s onchain spot and perp volume. Here are the numbers I’m looking at: – Helix 30-day perp volume: ~$1.16B – Helix users: 143K+ – $INJ permanently burned across Injective: 7.29M+ I think how much @Injective grows onchain depends heavily on @HelixMarkets. Here’s why: – Volume → fees → burns. Takers typically pay 0.05%, while makers can earn rebates. Roughly 60% of trading fees go into the auction and buyback mechanism, where winning bids paid in $INJ are permanently burned. More volume can mean more fees and more $INJ burned. – More trades → more onchain activity. Spot and perp orders run through an onchain order book. As more traders use Helix, that can drive more transactions and active addresses across Injective. – RWAs bring in a different crowd. Stocks, pre-IPO markets, and commodities give traders outside crypto a reason to show up. That could make volume more durable and give users more reasons to bridge assets, stake $INJ for fee discounts, and explore other Injective dApps. That’s why Helix is my #1 on Injective. Its trading activity generates fees, helps feed the $INJ burn mechanism, and gives users a reason to keep coming back onchain. DYOR and NFA.