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Proposal #701

Injective Meridian Mainnet Upgrade (v1.20.4)

PassedSoftware Upgrade

Passed on 22 Sept 2026 with 68.2% of the votes for yes.

Yes

68.2%

99.6% without abstain

Veto

0.0%

of votes cast

Ended

22 Sept 2026

The ballotvotes cast · final tally
Yes

68.19%

of votes cast

Abstain

31.51%

of votes cast

No

0.31%

of votes cast

Veto

0.00%

of votes cast

The Meridian Mainnet Upgrade advances Injective’s position as the premier blockchain for institutional-grade tokenization. It expands support for regulated asset issuance and unified MultiVM markets, laying the foundation for tokenized stocks and real-world assets to be issued, traded, and settled entirely onchain.

Institutional-Grade RWA Issuance

Meridian brings support for regulated token implementations to the Injective EVM, allowing issuers to embed compliance and transfer requirements directly into tokenized products. This creates a purpose-built foundation for compliant RWA launches, tokenized equities, and new financial instruments on Injective.

Unified Tokenized Markets

New MultiVM capabilities enable asset controls to operate consistently across Injective’s native and EVM environments. Support for atomic purchases through the exchange precompile also gives EVM applications more direct access to Injective’s native liquidity and settlement layer.

Native Privacy Platform Testing

Meridian lays the groundwork for privacy-focused infrastructure and introduces early testing of private RFQ transaction flows. These controlled execution environments are designed to give institutions access to onchain liquidity while protecting sensitive trading and order information. The testing introduced with Meridian will prepare Injective for a broader suite of privacy features expected to be implemented in an upcoming chain upgrade.

Resilient Markets and Oracle Performance

The upgrade strengthens market execution, risk controls, transaction signing, and oracle processing. Improved oracle prioritization and relay validation provide more dependable pricing infrastructure for tokenized equities, RWAs, derivatives, and other advanced financial markets.

Together, these capabilities position Injective as the unified network for bringing global financial assets onchain.

If passed, this proposal will commit the Injective blockchain to halt at a target block height of 184394000 (approximately 15:00 UTC / 11:00 EDT on September 24th, 2026) and resume with the 1.20.4 version of the Injective Chain application binary.

Further details on this release version can be found in the GitHub repo here [Hidden link]

Disclosure: I am a member of the Injective Labs team.

Timeline

  1. Submitted18 Sept 2026
  2. Voting started18 Sept 2026
  3. Voting ended22 Sept 2026
  4. Deposit deadline20 Sept 2026

Proposer

Address
inj1yslv…208kcs
Deposit100000.00B

Rules

Not recorded for this proposal.

Who votes

Validators and delegator accounts, counted one vote each.

23 of 45 validators voted, 74% yes. 1 delegator accounts voted on their own, 100% yes.

Validators
23 of 45 voted
Delegators
1 accounts

Validator votes

Each validator's vote, by voting power.

23 validators voted, together 45.7% of the voting power.

ValidatorVoting PowerOption
Kraken02
Kraken02
6.8%Abstain
Everstake
Everstake
6.3%Yes
SCV-Security
SCV-Security
4.6%Yes
Cointelegraph Decentralization Guardians
Cointelegraph Decentralization Guardians
3.5%Yes
Kiln
Kiln
2.8%Yes
Kraken
Kraken
2.5%Abstain
Nansen | Stake to Stack Points
Nansen | Stake to Stack Points
2.3%Yes
Twinstake
1.8%Abstain
BitGo by Twinstake
1.8%Abstain
 polkachu.com
polkachu.com
1.6%Yes
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