Injective launches perpetual futures market tracking Nvidia GPU rental costs

Injective has launched a perpetual futures market tracking the rental prices of five Nvidia GPUs, allowing traders to bet on changes in AI computing costs with up to 10x leverage. The Super Intelligence Compute Index (SICI) tracks rental prices for Nvidia's H100, B200, H200, A100 and RTX 4090 chips, using data from compute marketplaces compiled by London-based market data firm LO:TECH. The index assigns the largest weight to the H100 at 40%, followed by the B200 at 25%, and is updated hourly using a trailing seven-day average of rental prices. Traders can take positions on whether the index will rise or fall, using USDC as margin.