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INJ The SEC promotes the clearing of U.S. regulated stock perpetual contracts, and the Perpetual Market on the Impressive Chain hits a monthly high
Core Summary:
- Since the beginning of 2025, Injective's physical asset (RWA) perpetual contract transaction volume has exceeded US$5.3 billion.
- In August 2026, RWA perpetual contract trading volume reached US$209.7 million, 3.4 times the total trading volume in May.
- Aggressive currently operates 135 active RWA perpetual contract markets, covering stocks, foreign exchange, commodities and indices.
- The U.S. Commodity Futures Trading Commission (CFTC) has approved INJ's U.S. regulated futures contract, which is currently traded on the Bitnomial exchange.
- The U.S. Securities and Exchange Commission (SEC) is embarking on providing clearing services for regulated equity perpetual contract companies, which Injective sees as a turning point in the U.S. market.
The SEC promotes clearing process for regulated stock perpetual contracts in the United States
The U.S. Securities and Exchange Commission (SEC) is taking steps to allow eligible companies to engage in regulated stock perpetual contract business. Effective called the move an important turning point in U.S. financial markets, marking the prospect of financial innovation returning home.
According to Aggressive, this move by the SEC reverses the trend of the past decade. Previously, as U.S. regulatory rules lagged behind global markets, a large number of liquidity, talents and developers flowed overseas. Now, as regulated companies such as Kalshi enter the digital assets and stocks space, Injective believes this proves that U.S. regulators can keep pace with the development of on-chain finance.
Since 2021, Aggressive has been providing on-chain perpetual contract market services, and its operating hours far exceed that of most competitors in the industry. To date, Injective has driven more than $81 billion in trading volume in the real assets (RWA), stocks and cryptocurrencies. All transactions are conducted through a completely transparent on-chain order book that can be verified in real time by any user.
In addition, Aggressive Institutional Services has registered with the SEC as a Transfer Agent, making it the first Layer-1 blockchain network to have an associated SEC-registered transfer agent. The company said the move supports its broader strategic goal of bringing regulated securities online.
Recently, the U.S. Commodity Futures Trading Commission (CFTC) also approved INJ's U.S. regulated futures contracts. These contracts are currently traded on the Bitnomial exchange, which will also offer securities and futures products.
Aggressive RWA Perpetual Market sets monthly trading volume record
According to data tracked by CoinGecko, over the past year, the market's focus has shifted from a single cryptocurrency perpetual contract to a broader asset class. The market for trading digital representatives of traditional assets grew from $1.41 billion to $6.59 billion in 18 months. In the first half of 2026 alone, transaction volume in this segment reached US$1.45 trillion.
Currently, Aggressive operates 135 active RWA perpetual contract markets, all of which are priced in native USDC. Specific compositions include:
- 111 stock markets
- 11 Foreign Exchange Markets
- 9 commodity markets
- 2 index markets
- Data from two pre-IPO reference markets
shows that since the beginning of 2025, the cumulative transaction volume of Injective's RWA perpetual contracts has exceeded US$5.3 billion. In July 2026, monthly trading volume reached US$186.5 million; in August, it climbed further to US$209.7 million, approximately 3.4 times the total trading volume in May. At the same time, the $INJ token has increased by 40% year-to-date.
Technological Infrastructure and Unified Liquidity Advantages
Data from selected U.S. stock markets on the Impressive platform comes from a unified oracle stream, updated approximately every two seconds. This data stream combines pre-market, regular trading hours, after-market and overnight price information to form a single data source.
Effective places functions such as order book management, matching, settlement, margin management and enforcement mechanism at the protocol level. This architecture allows new applications to directly access the same mature market without having to repeatedly build the underlying infrastructure, greatly improving efficiency and scalability.
