Injective GPU Compute Market Records $20.3 Million as Infrastructure Expansion Looms
Key Facts
Available information does not confirm the launch or specifications of a Super Intelligence Compute index, including the claim that it tracks five GPUs. What is confirmed is that Injective, in partnership with Squaretower, launched an on-chain market for NVIDIA H100 rental rates on August 18, 2025. The company said the market enables trading in the hourly rental price, linking the contract to the cost of a specific computing resource. In December 2025, Injective reported that total trading volume in the H100 market had exceeded $20.3 million up to that point. That figure makes the earlier market the leading documented example of AI computing trading on the network, without confirming the launch of the new product described in the initial draft.
According to Injective’s announcement, the H100 market relies on a price feed provided by Squaretower and tracks the cost of access to H100 units from computing providers. The feed updates hourly, while the contract allows trading on the hourly rental price. This defines the product around the cost of renting a specific resource, rather than establishing it as a multi-unit index or a basket of GPU prices. Available information did not confirm the number of units that a Super Intelligence Compute index might cover, how it would be calculated, or when trading would begin. The index specifications mentioned in the initial draft, as well as its description as a corporate hedging tool, therefore remain unsubstantiated here.
The H100 market is part of a broader infrastructure for perpetual contract trading on Injective. The company describes its markets as carrying out market creation, order matching, execution and settlement on-chain. It also says the category of markets linked to the machine economy includes GPU computing and inference credits, alongside other commodities valued by that economy. According to the company, real-world assets traded as perpetual contracts include stocks, indices, commodities, foreign exchange, pre-IPO shares and other assets. Injective said trading volume in real-world asset perpetual markets on its order book exceeded $6 billion during 2025. That figure places the GPU market in the context of a broader range of products, but on its own does not establish trading in the new index.
Injective had expanded its cooperation in AI and infrastructure before the end of the year. On October 8, 2026, it said Gulf Labs would explore opportunities with it involving data centers and AI infrastructure, as well as tokenization, stablecoins, local distribution, education and events. The company said Gulf Edge’s data center operations began with a capacity of 25 megawatts. It added that Gulf Labs could facilitate discussions about data center capacity and AI computing for ecosystem projects. The announcement points to a potential area of infrastructure cooperation, but does not set a launch date for an index or new contract. On July 14, 2026, EL7.AI reported that Injective had launched an SDK package for autonomous AI agents on the network, as part of the expansion of its AI-related products.