Layer-1 network Injective launched an onchain perpetual futures market on October 26, 2026. The index monitors the rental costs associated with five different Nvidia graphics processing units.
This derivative structure allows market participants to bet on fluctuations in artificial intelligence hardware costs or hedge against computing price changes. Positions on the index can be opened with leverage up to 10x.
The deployment arrived alongside wider market movements, including Bitcoin trading at $80,217.81 and Ether at $2,328.25. Additional listed prices at the time included Solana at $101.01 and Binance Coin at $744.71.
For traders maintaining perpetual swap positions on centralized venues such as Bybit, Bitget, MEXC, or OKX, this launch changes nothing directly regarding funding costs or order book liquidity. It merely introduces a separate decentralized venue option for tracking AI hardware rental rates.
Source: cointelegraph — Injective launches onchain futures market tracking Nvidia GPU rental costs