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Injective By the Numbers
$INJ price: $8.86 (+26.57%)
Token market cap: $886.3M (+26.61%)
Total token holders: 51.4K (+0.39%)
Total $INJ staked: 57.82M (+2.43%)
Staking APR: 12.03% (-2.43%)
Injective daily trading volume: $58.2M (-9.47%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting in the biggest developments
Highlighting some of the largest announcements from Injective.
🥷What’s happening: Injected ranked second in dApp-related transactions at 460 million in the last 30 days, DappRadar data shows.
🥷Why it matters: Injective prioritizes fast transaction speeds and supporting high amounts of volume for its financial decentralization applications (dApps).
In addition to its high transaction count, the blockchain also facilitated $1.36 billion in dApp volume over the same time frame, making it an attractive metric for developers. Developers typically take into account how much of a user base and liquidity is within a network. Since Injective is designed to empower financial dApps, these two metrics in tandem can showcase the staying power the blockchain has for decentralized finance.
Recently, Injective has released multiple onchain initiatives designed to bridge the gap between traditional and decentralized finance, such as the TradFi Index and iAssets. It’s important to note that these bundles are live on Injective’s decentralized exchange Helix. In turn, the increase in overall volume is indicative that there is a demand for use cases like these.
🥷 The bigger picture: An increase in user activity and capital inflow could help bolster liquidity onchain for Injective and showcase its ability to tokenize financial instruments.
Traditionally, users and developers pick and choose networks and applications based on the utility and attention. If these numbers continue on an upward trend throughout the month, more users and developers may turn to Injective for their onchain financial needs.
Expanding its financial ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Injective deployed ticker XAU for the onchain perp trading of gold
The Injective Lyora Mainnet network upgrade passed - some notable features:
The network will integrate a dynamic fees mechanism to adjust transaction costs based on network demand
The network will gain enhanced transaction sequencing by prioritizing high-importance messages to ensure faster processing under congestion
Republic, a company that provides institutional investment and asset tokenization services, launched a validator on Injective
B3X launched an AI-driven tokenized fund builder for users to create and maintain tokenized funds
Perp volume on Injective is up 99% on the month with its largest day recording $96M in traded volume, according to DefiLlama data
Explore Injective’s institutional overview here
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Injective Labs Ecosystem Manager Justin Wu spoke at Korea BUIDL Week on its tokenization and RWAs - here are some takeaways:
There’s a $30T opportunity for greater access points to tokenized regulated digital assets
The network supports more than 24 RWAs with over $200M in volume YTD
Paradyze and Jecta won the Injective AI Agent Hackathon - details here to learn about the projects
Helix shared it hit $50B in total trading volume on its Injective-built DEX
Learn about Injective Labs CEO Eric Chen and his journey throughout crypto in an interview by EO
For more Injective updates, check out its blog here.
Dive deeper into Injective
Want to get involved in the ecosystem? Developers can check out documentation, GitHub and more here. Find the latest job postings here or get involved below.
Join the waitlist for Helix’s referral system to earn up to 40% of trading fees for users who sign up using your link
Bridge assets here to acquire tokens to use for Injective’s dApps
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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.