Injective launches onchain futures market tracking Nvidia GPU rental costs
Summary
Injective launched a perpetual futures market tracking rental prices for Nvidia’s H100, B200, H200, A100 and RTX 4090 GPUs. The Super Intelligence Compute Index uses hourly updates based on a trailing seven-day average of marketplace data, with H100 weighted at 40% and B200 at 25%. Traders can take leveraged positions of up to 10x using USDC margin. Injective says the market could help AI developers hedge computing costs and GPU providers manage revenue risk. The launch extends its earlier H100-only market. It comes amid concerns about the profitability of AI infrastructure providers, alongside warnings of possible neocloud failures and consolidation.
