Pineapple Financial launches $100M DAT, giving Wall Street access to Injective
The Injective Overview - October 20, 2025
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Injective By the Numbers
$INJ price: $8.85 (-32.8%)
Token market cap: $863M (-33.03%)
Total $INJ staked: 54.23M (-0.8%)
Staking APR: 12.92% (+0.78%)
Injective daily trading volume: $88.42M (-39.65%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting in the biggest developments
🥷 What’s happened: Pineapple Financial has kicked off its $100 million Injective Digital Asset Treasury (DAT) strategy with the acquisition of 678,353 INJ tokens from the open market, valued at approximately $8.9 million.
🥷 Why it matters: The purchase, which marks Pineapple’s first INJ holding to date, is the firm’s first step in deploying capital for its INJ DAT. It plans to stake all acquired tokens onchain for an expected annual yield of around 12.75%.
Importantly for Injective, this deal offers the network exposure to Wall Street investors, who gain indirect access to crypto yields without having to hold crypto themselves or worry about compliance.
As the firm laid out in its announcement last month, Pineapple still has roughly $91.1 million to deploy into Injective. So as more purchases come in, they can encourage more capital to flow into the ecosystem as Wall Street investors gain indirect access to INJ through Pineapple’s stock.
The staggered purchase strategy looks to strengthen Injective’s role in bridging TradFi and DeFi, since it stands to attract more purchases over time than if the $100 million were deployed in one go.
🥷 The bigger picture: As DATs prove their value through their real-world utility, Pineapple’s $100 million INJ DAT can help position Injective in a similar light as successful treasuries like MicroStrategy, and ultimately build trust with institutions.
Valued at nearly $1 billion, MicroStrategy’s bitcoin treasury has delivered massive value to its shareholders by treating crypto as a strategic reserve asset. As its stock has surged over 1,600% in the last 5 years, MicroStrategy has served as a blueprint for how DATs can give traditional investors access to crypto’s upside without requiring direct involvement.
Pineapple’s approach here mirrors this strategy, and will foster steady capital inflows into Injective’s ecosystem. With MicroStrategy as a successful example, Pineapple’s INJ DAT stands to accelerate Injective’s mainstream adoption and cement its place in the tokenized economy.
Expanding the financial ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Injective launched Perp-Dex-as-a-Service, enabling developers to launch their own perpetual DEX in minutes
The Injective Council, which includes companies like Google Cloud and YZi Labs, discussed the network’s fourth-quarter roadmap in its inaugural meeting
Helix added perpetuals trading for pre-IPO shares of Anthropic
Injective Labs CEO Eric Chen shared a teaser of its upcoming iBuild feature
Chen also spoke in this interview with Messari about everything going on in the ecosystem
Explore Injective’s institutional overview here
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Choice deployed an onchain aggregation contract to Injective to enable seamless trading across DEXs
Injective’s EVM public mainnet is approaching, and some protocols have said they will be available on day 1:
Silo Finance, a money market platform
Safe, a multi-sig wallet via Palmera DAO
LIKWID, a permissionless margin trading and lending protocol
Spicenet, a cross-chain yield aggregator
Paradyze launched the beta version of its perpetual DEX that executes trades via text-based prompts
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
Check out these Injective-based programs offering grant funding and mentorship for founders:
Cointelegraph Accelerator’s 12-week program
Outlier Ventures’s 9-week program
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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.