Injective expands MultiVM layer to attract new developers
The Injective Overview - August 11, 2025
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Injective By the Numbers
$INJ price: $13.84 (-11.4%)
Token market cap: $1.35B (-12.34%)
Total $INJ staked: 56.1M (-0.16%)
Staking APR: 12.42% (+0.4%)
Injective daily trading volume: $76.78M (+15.82%)
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: Imagine a world where anyone can build DeFi apps with a few clicks. The launch of Injective EVM and iBuild is making this reality by providing all types of users the ability to create apps on the blockchain.
🥷Why it matters: These activations can transform how users interact with the blockchain, Injective Labs Head of Business Development Mirza Uddin shared during the Injective Quarterly Webinar with Token Relations.
For most blockchains, creating an environment for developers to have freedom to build any kind of dApp they want is important. This brings in more innovation as there’s greater creative control and possibilities for features like interoperability. That’s why Injective saw this as a necessity to expand beyond Wasm, and into the EVM.
“EVM is the entire market,” Uddin said. “It’s possible that Injective’s developer count can grow 100x now, because WASM is likely used by less than 1% of crypto developers today.”
Through this expansion, it has “opened the floodgates” for more experimentation on Injective, Uddin said. This could lead to new dApps that can make trading easier. Although Rust, which is the coding language for Wasm, may offer more developer capabilities through its robust system, it can be a chokepoint for some developers.
“We wanted to allow for developers to come and build on Injective without saying, hey I have no idea how to code in Rust, how to program in Rust,” Uddin said. “That was the impetus behind the EVM launch, where we wanted to have this hyper performant MultiVM layer where a developer can know Rust, they can know Solidity, but they can still build.”
In addition, Injective announced iBuild, another development that aims to make its network an attractive environment to create financial apps. “Everyone in crypto today just wants to launch a new token, and there's so many different platforms to help everyday users launch one,” Uddin said. “But we don't see the same thing on the app level because of the cost and time commitment. So we wanted to lower that barrier to entry so users who don't know how to program can go in and build production ready apps.”
🥷 The bigger picture: As clarity around crypto clears and more users enter web3, it can act as an onboarding moment for all types of new users and developers. For this reason, it’s important for blockchains to stay updated with their infrastructure and ecosystem to attract all kinds of people.
“It's good these institutions are coming, that's what blockchain wants,” Uddin said. “But it makes you realize that these institutions are not crypto-native in any way, so you need all the right documentation and tutorials so anyone can come onboard.”
While Injective EVM is still in its early stages, it sets the stage for a more connected future. The network’s EVM layer looks to be the place where any developer who wants to build a financial dApp can build one, regardless of their level of expertise or coding language of choice.
Expanding its financial ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Injective completed its Ethernia mainnet upgrade to deploy its native EVM layer
Total trading volume for the Injective network surpassed $60B, with derivative markets reaching $54B, onchain data shows
Round 213 of Injective’s burn auction concluded with 8,650 INJ tokens removed from supply, bringing total INJ burned to 6.7M
Daily active users on Injective reached a new high on the year of 93.6K on Aug. 1, Artemis data shows
Helix recorded 672.83M transactions over the last 30 days, a 27.8% increase in the same time period, according to DappRadar data
The protocol shared it reached $60B milestone for cumulative trading volume
Explore Injective’s institutional overview here
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Read Fortune’s article on Injective Co-Founder Eric Chen’s journey from NYU to creating a unicorn blockchain
Paradyze opened the waitlist for its leverage trading platform on Injective EVM for pre-IPO companies
Rarible integrated its NFT marketplace to the Injective EVM testnet
In part with the release, Rarible and Injective teamed up to drop an NFT that has reached over 1M total mints
Yei Finance deployed its money market protocol to the Injective EVM
Hydro Protocol shared it raised the HDRO token supply cap to 60M
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 on Injective Labs here
Join the Injective Discord to participate in community activations and meet others
Check out Injective’s Ninja Missions to earn rewards for contributing to community activations
Submit listing requests for Helix in its Discord
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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.