ME News reports that on June 2 (UTC+8), Injective released a proposal for the "Vulcan Mainnet Upgrade," which is currently in the voting phase. The proposal includes plans to execute the Vulcan mainnet upgrade (v1.20.0) on June 4. Key updates include the launch of a next-generation oracle engine, reducing oracle gas consumption by 90% and integrating Pyth Pro and SEDA oracles; providing unified oracle access for EVM smart contracts via precompiles; strengthening stablecoin issuance infrastructure and promoting the USDC standard; enabling institutional-grade, low-cost pricing for tokenized RWA markets and preparing for future Morpho integration; significantly lowering overall transaction costs while enhancing cross-chain bridge security through strict address validation, optimized concurrent processing, and Ledger multisig support. (Source: Foresight News)
Injective Proposes Vulcan Mainnet Upgrade to Introduce New Oracle Engine and Reduce Transaction Costs
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Summary
Injective announced the 'Vulcan Mainnet Upgrade' on June 2 (UTC+8), which is now in the voting phase ahead of its implementation on June 4. The blockchain upgrade introduces a new oracle engine, reducing oracle gas fees by 90% and integrating Pyth Pro and SEDA oracles. It also adds precompiled EVM smart contracts, USDC standardization, and lower pricing for tokenized RWA markets. The network upgrade enhances cross-chain bridge security through address validation, concurrency optimization, and Ledger multisig support, while also reducing transaction costs.
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