Welcome back to the Injective Overview. In this edition, we explore Injective’s developer growth, integration of Circle’s USDC and CCTP, and community initiatives.
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Injective By The Numbers
$INJ price: $2.96 (-2.95%)
Token market cap: $296M (-2.89%)
Total $INJ staked: 57.9M (+3.6%)
Staking APR: 6.18% (-3.4%)
Injective daily trading volume: $15.6M (+4%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting The Biggest Developments
🥷 What’s happening: Injective had 2,100 code commits throughout the last 30 days, the second among all layer-1 blockchains and its highest level since October 2025.
🥷 Why it matters: Code commits are entries logged to a project's GitHub repository defined by each time a developer saves and submits a change to the codebase. It measures builder activity as more commits generally means more engineers pushing updates, fixes, and new features.
The recent growth on Injective is tied to a deliberate push to attract developers, particularly those building AI-native financial applications. In November 2025, Injective launched a native EVM layer, opening the chain to Ethereum's developer tooling. That move increased the total addressable market for developers, but played a small part in developer growth.
What's followed since, and arguably led to Injective’s growth, has been a suite of AI-specific tooling designed to make it easier to build on the chain. In February 2026, Injective launched an open-source MCP Server, a backend that gives AI agents the ability to trade perpetual futures on Injective directly through natural language. Around this release, Injective saw its weekly code commits double to nearly 500.
🥷 The bigger picture: Alongside the AI boom and momentum, Injective released an AI Developer Toolkit that bundles several resources together. The toolkit includes the MCP Server, modular Trading Skills for account monitoring and cross-chain bridging, and CLI and EVM Developer skills for wallet handling, endpoint selection, and gas configuration. The toolkit works with Claude Code, Codex, Cursor, Cline, Claude Desktop, and any MCP-compatible AI tool, letting developers plug into whichever setup they already use.
As AI capabilities continue to expand, more teams are likely to build and deploy onchain applications through AI agents, rather than traditional development workflows. With fewer engineers needed to create an idea into a product, resources and tools are as important as the chain’s underlying infrastructure.
Expanding The Financial Ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Injective passed IIP-628 proposal to integrate Circle’s USDC and CCTP on mainnet
Pineapple Financial announced it will leverage Monarq Asset Management for its yield strategy and portfolio construction of its Injective DAT
Chuhan Jin, developer relations at Injective, went on Bybit’s livestream to share how trading environment and liquidity access impacts the way AI agents trade
Explore Injective’s institutional overview here
From The Injective Ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Dive Deeper Into Injective
Want to get involved in the ecosystem?
Sign up for the Injective Summit, scheduled for July 16 in Washington D.C.
Check out the Cointelegraph Accelerator, a 12-week program offering grant funding and mentorship to ecosystem founders
Until next time!
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.