SharpLink’s $1B ETH Reserve is now onchain via Injective’s iAsset framework
The Injective Overview - July 28, 2025
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Injective By the Numbers
$INJ price: $15.81 (+22.71%)
Token market cap: $1.54B (+22.22%)
Total $INJ staked: 56.19M (-0.93%)
Staking APR: 12.37% (+1.06%)
Injective daily trading volume: $66.29M (+24.18%)
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: Injective released an onchain version of the Digital Asset Treasury SBET using its iAssets framework.
🥷Why it matters: SBET is Injective’s first deployment of an onchain digital asset treasury (DAT). For context, this treasury is providing an onchain version of SharpLink’s ether reserve, which is the the largest publicly traded corporate holder of Ethereum with 360,807 ether, worth about $1.31 billion.
This release is Injective’s way of turning a corporate reserve into a global and dynamic, yield-bearing instrument. It can pave the way for unlocking new capital as we start to see the migration of corporate treasuries, equities and balance sheet assets come onchain. Since the iAssets framework enables real-time trading and entrance into DeFi, SBET can drive liquidity and integrate with decentralized markets for greater capital efficiency through staking or trading.
For users outside the U.S. and U.K., this means anyone with a wallet can trade or stake with SBET, democratizing access that may have traditionally been gated to brokers and investment firms. Thus fostering a more inclusive market.
The release of SBET further exemplifies Injective’s mission to build a blockchain for finance. Recently, Injective integrated CRCL (Circle), COIN (Coinbase) and the MAG 7 to its iAssets framework. The deployment of SBET is its next step in bringing all types of equities onchain.
🥷 The bigger picture: More broadly, this can be seen as the next step to converge the traditional and decentralized finance worlds.
By bringing equities and treasuries onchain, Injective can eliminate barriers such as limited trading hours to offer instantaneous settlement and global liquidity. In turn, it can create a more equitable financial system where retail and institutional investors alike can engage with all types of assets at any time.
Expanding its financial ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Canary Capital filed with the SEC to release a staked Injective ETF in the US
Injective recorded 205.51M transactions in the last 7 days, the most among any blockchain according to DappRadar
The network completed round 211 of its burn auction with 8,042 INJ, worth about $107K, removed from supply
Helix added support for perpetual trading of PUMP token to its DEX
Explore Injective’s institutional overview here
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
Injective Head of Research Brandon Goss shared the network is nearing $1.5B in perpetual trading volume YTD
Mach Exchange deployed its cross-chain swap protocol to Injective EVM testnet
Learn about Injective EVM dApps in an X space with Mach, Lair Finance and Borderless Swap
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
Choice exchange has deployed boosts for users that trade or supply liquidity for selected Injective token pairs
Check out Injective’s Ninja Missions to earn rewards for contributing to community activations
Explore Injective’s EVM Testnet campaign and earn rewards for engaging with network 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.