Injective’s surge in trading volume highlights contributions for the expansion of DeFi
The Injective Overview - September 22, 2025
Welcome back to the Injective Overview. We’re creating the best source for the Injective community on the network’s latest updates, metrics, insights and ecosystem developments and more – all in one place.
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Injective By the Numbers
$INJ price: $12.37 (-7.2%)
Token market cap: $1.21B (-7.69%)
Total $INJ staked: 54.59M (-0.04%)
Staking APR: 12.81% (+0.08%)
Injective daily trading volume: $64.38M (-28.28%)
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: Trading volume facilitated by Injective has been trending upwards in recent weeks, with it reaching a monthly high of $228.5 million on September 14. In addition, dApp volume on the network rose 5.88% to $839.4 million compared to a week earlier.
🥷 Why it matters: The growth of these metrics prove Injective's ability to facilitate large volumes without compromising network integrity - no significant slippage or delays. For traders and institutions, this indicates robust infrastructure capable of supporting complex financial instruments, such as derivatives and tokenized assets, since Injective trading volume spans both the spot and derivatives markets.
In addition, Injective led all blockchains in terms of dApp transactions this week, recording 141.75 million. Although transaction count may not correlate to more users on the network, it does make it an attractive metric for interested developers, as they typically take into account ecosystems’ liquidity and network activity.
The trading activity and volume spikes follow a partnership between Injective and Pineapple Financial to release a Digital Asset Treasury dedicated to acquiring INJ tokens. The treasury has already seen more than $1.5 million in daily volume.
🥷 The bigger picture: As crypto continues to integrate with all types of global markets, these developments underscore Injective's position as infrastructure that supports all types of trading, from cryptocurrencies and tokenized equities to commodities.
Overall, Injective’s growth in metrics show how it can bridge decentralized innovation and traditional finance.
Expanding the financial ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
FalconX launched an institutional grade validator to Injective
Pineapple CEO Shubha Dasgupta spoke about the Injective DAT and how it paves the way for institutional adoption of Injective
Injective completed Round #218 of its burn auction, removing more than 8,000 INJ, or $124K worth of tokens, from supply
Mblock, a blockchain affiliate of the Maekyung Media Group, joined Injective as a network validator
Explore Injective’s institutional overview here
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Injective Labs’ Head of Business, Mirza Uddin, spoke on the Crypto Prime Podcast about its staked ETF and upcoming network updates
Read Messari’s report about Injective’s role in providing user’s accessibility for RWA perpetual trading
Hydro Protocol surpassed $40M TVL, $8M for its Farm feature, $20M in liquid staking, nearly $6M in lending, and $4M for loop staking
Helix deployed perp leverage trading for a Kalshi bet to its testnet in collaboration with Seda Protocol
For more Injective updates, check out its blog here.
Dive deeper into Injective
Want to get involved in the ecosystem? Get involved with an activation below:
Meet up with the Injective community at its event during Korea Blockchain Week in Seoul
In Singapore for Token2049? Attend Injective’s APAC Tour with YZi Labs
Check out these programs for Injective ecosystem founders to receive grant funding and mentorship:
Cointelegraph Accelerator 12-week program
Outlier Ventures 9-week program for early-state EVM developers
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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.