Injective (INJ)and SVM Sonic to Launch Crosschain AI Hub

Developers will soon have the opportunity to deploy Solana-based AI agent applications on the Injective (INJ)blockchain, thanks to a new crosschain initiative. The Layer-1 blockchain protocol Injective, in partnership with Solana Virtual Machine (SVM) blockchain Sonic, is set to launch the Smart Agent Hub, a platform designed to integrate AI agents into the decentralized Injective ecosystem, according to Injective's blog.

Hub Starts with Solana

The Smart Agent Hub is expected to debut its testnet in the first quarter of 2025, with full integration occurring in phases. This hub will allow developers to deploy Solana-based AI agent applications using a Remote Procedure Call. The initiative leverages Sonic's infrastructure and the Inter-Blockchain Communication Protocol to facilitate a direct link between the Injective WebAssembly blockchain and Solana. Additionally, a bridge will be established for transferring SOL and Solana-based tokens, alongside wrapped and native Injective tokens.

This collaboration comes shortly after Injective unveiled its iAgent software development kit, which incorporates OpenAI technology into AI agents for data analysis, trend prediction, and trade execution. Injective's announcement emphasized the vision of a Multi-VM future, enabling developers to build agents using various virtual machines.

AI Agents Gaining Traction

The potential for AI agent growth is significant, as highlighted by Injective. The sector currently holds a market cap of $11.2 billion, with Fetch.ai and Virtuals Protocol accounting for over half of that value. This is contrasted with the $145 billion market cap in decentralized finance and $208 billion in stablecoins.

Other industry players are also exploring AI agent opportunities. Cryptocurrency exchange Coinbase introduced the Based Agent AI agent-building tool in October. Meanwhile, Near Protocol's Near Intents, currently in beta, facilitates trading across various native cryptocurrencies and interacts with any blockchain or wallet using smart contracts and chain signatures. The Story Protocol has developed a framework for AI agents to trade broadly defined intellectual property.

About Injective

Injective is a high-speed, interoperable layer-one blockchain optimized for building premier Web3 finance applications. It offers developers a range of powerful modules for creating decentralized applications (dApps). INJ, the native asset, powers the Injective ecosystem, which is rapidly expanding with backing from prominent investors like Jump Crypto, Pantera, and Mark Cuban. The blockchain was initially incubated by Binance.