Generální ředitel Injective Eric Chen v říjnu 2026 spolu s dalšími představiteli Injective jednal s představiteli Bílého domu, SEC a CFTC o regulovaných financích on-chain a tokenizaci reálných aktiv; konkrétní výsledky nebyly zveřejněny.
Injective CEO Eric Chen recently met with officials from the White House, the SEC, and the CFTC. The agenda was advancing regulated onchain finance in the United States.
The meetings took place in October 2026, with Chen joined by other Injective leadership. The company has not disclosed specific outcomes.
What Injective brought to the table
The discussions centered on two linked themes. The first was regulated onchain finance. The second was the tokenization of real-world assets, known in the industry as RWAs.
Injective arrived with a credential most crypto projects lack. In August 2026, the SEC registered it as a transfer agent.
Transfer agents are the unglamorous record-keepers of traditional finance. They maintain the official books showing who owns which securities. With that status, Injective can keep those ownership records for tokenized securities, and that is the plumbing institutional players need before they move real money onchain.
The company also pointed to activity on its own network. Injective reports over $1 billion in tokenized RWA value onchain. It says cumulative RWA perpetual volume has passed $5.3 billion, spread across asset classes that include equities and commodities.
A year of regulatory groundwork
In 2025, the company put forward a proposal calling for a time-based exemption for decentralized finance projects. The idea was to give early-stage DeFi protocols a window to develop before facing the full weight of securities rules.
In September 2026, the SEC introduced its Innovation Exemption. That move signaled a regulator increasingly willing to make room for new financial technology.
Injective has also gained ground on the derivatives side. INJ futures were listed on CFTC-regulated US markets in late 2026. That puts the token in a small group of digital assets that support regulated derivatives trading in the country.
The company has also used its own events to reach lawmakers. The Injective Summit hosted discussions with bipartisan members of Congress in earlier sessions.
Put together, the timeline reads like a deliberate campaign. There is a policy proposal in 2025, then transfer agent registration in August 2026, and regulated futures and face time with the White House, SEC, and CFTC later the same year.
What this means for tokenization and DeFi
Injective has not announced any new approvals from these meetings. For investors and traders, a regulated framework could lower the perceived risk of using DeFi markets. That matters most to institutions, which tend to avoid anything without clear legal footing.
There are real risks to weigh. Regulatory momentum can stall or reverse, and no meeting guarantees a favorable rule. The on-chain figures Injective cites, including the over $1 billion in tokenized RWA value and more than $5.3 billion in cumulative perp volume, are company-reported numbers.
The SEC’s Innovation Exemption marks a shift in tone. Exactly which projects qualify, and on what terms, will decide whether it changes how DeFi operates in practice.
Disclosure: This article was edited by John Chen. For more information on how we create and review content, see our Editorial Policy.
Circle ukončila nové emise USDC na Noble; Cosmos přechází na USDC vydávané společností Injective. Limity pro spalování v rámci CCTP V1 se začnou snižovat 31. října.
Circle is winding down USDC on Noble, and Cosmos is adopting Injective-issued USDC. Key dates: October 31 burn limits shrink, January 12, 2027 contract pause.
Circle has stopped minting new USDC on Noble, the chain that has issued the stablecoin for the Cosmos ecosystem, and the first deadline for holders arrives next week. Cosmos is shifting to a version of USDC issued on Injective, the chain behind $INJ.
What changes on October 31 and January 12According to Coinpaprika, Circle disabled new USDC minting on Noble on October 13, 2026, and will pause the Noble USDC contract on January 12, 2027. The staged timeline has burn limits shrinking from October 31, and exit routes narrowing after December 1.
The October 31 date matters because it affects the older transfer system. Blockonomi reports that CCTP V1 burn limits on Noble start shrinking on that date and reach zero on a rolling basis as the January deadline approaches. CCTP is Circle's Cross-Chain Transfer Protocol.
The reason is technical. Circle is moving to CCTP V2, and Noble will not receive it, according to Coinpaprika. The change ends USDC's legacy infrastructure on Noble rather than a withdrawal from Cosmos. Noble itself is not shutting down, edgeX notes.
Injective USDC becomes the Cosmos standardCrypto Briefing reports that Cosmos Hub, dYdX and the routing layer Skip:Go have signed on, making Injective USDC the canonical stablecoin standard across chains that previously relied on Noble for issuance.
Holders can swap Noble USDC, now displayed as USDC.n, for Injective-issued USDC, or USDC.inj, through Skip:Go. CryptoSlate reported that migration opened on September 11. The same report put the affected amount at roughly $92 million in USDC. DeFiLlama data cited by edgeX showed about 91.6 million USDC circulating on Noble as of September 11.
Holders who miss the deadlines still have a backstop, but it is narrower. Circle plans to take a snapshot of remaining balances on January 12 and open manual redemption the next day. BitRss, republishing CryptoSlate, said eligibility requires the USDC to be in a wallet controlled by the user and that holders pass Circle's compliance and security checks. USDC left in liquidity pools or smart contracts at the snapshot will not qualify, so protocol-level migration is more urgent than the January date suggests.
Cosmos Labs has urged holders to migrate before October 31 rather than wait for January, Coinpaprika reports.
SourcesCoinpaprika: Circle Pulls USDC From Noble, Forcing Cosmos Onto Injective
CryptoSlate: Circle's Noble shutdown leaves Cosmos racing to move $92 million in USDC
Crypto Briefing: Injective USDC becomes canonical USDC standard across Cosmos
Injective ($INJ) has grown its native $USDC supply by 43% in 30 days to $16.5M, as it positions itself as the canonical dollar standard for Cosmos and 20+ chains.
@Injective has expanded its native $USDC supply by 43% over the past 30 days, lifting the total on-chain dollar supply on the network to $16.5M. The financial Layer-1 blockchain is positioning itself as the canonical dollar standard across more than 20 chains, including @Cosmos.
The increase comes ahead of a liquidity rotation in which protocols are expected to allocate more than $100M in bridged and native stablecoins to $INJ.
How Injective Became a Dollar HubThe growth follows a series of integrations over the past several months. , giving the chain direct access to the largest regulated stablecoin without wrapped assets. That design avoids reliance on third-party bridges.
Native USDC later went live on mainnet. That figure refers to the broader USDC ecosystem, not the amount currently held on Injective.
The Cosmos link followed in May.
Why Cosmos Liquidity Is ShiftingThe move addresses a long-standing issue in Cosmos.
For $INJ, the potential benefit is indirect. That outcome is not assured, and the current $16.5M supply remains small next to the wider stablecoin market.
Investors will be watching whether the planned stablecoin allocations materialise and whether more Cosmos chains complete the move to Injective USDC.
Sources:
Injective: USDC adopted by Cosmos and dYdX as canonical stablecoin standardBlockchain.News: Circle brings native USDC to Injective with CCTPCrypto Economy: Injective's USDC becomes the stablecoin standard for Cosmos and dYdX
Injective has now burned more than 7.2 million INJ, permanently removing those tokens from circulation. The milestone comes through a mix of its monthly Community BuyBack program and an earlier burn auction.
How the Injective buyback machine works Participants commit INJ to a monthly Community BuyBack event. In return, they receive a portion of revenue generated across the Injective ecosystem. Once that revenue is distributed, the committed INJ is burned for good. Each round accepts commitments only within set limits, so participation is capped per event.
The revenue pool itself is funded by a percentage of income from decentralized applications and other activity on the network.
The numbers behind the burn The headline figure is over 7.2 million INJ burned to date. That cumulative total reflects both the current buyback system and a previous burn auction mechanism.
Across its first four rounds, the improved monthly program burned 178,338 INJ and distributed $776,344 in revenue shares to participants.
Average yield in the early rounds of the program reached approximately 23.9%. Historically, the buyback has offered average yields of approximately 20-25% per round.
The program has also added bonuses to encourage participation.
Background: from burn auctions to a monthly buyback Injective’s earlier burn auction served a similar purpose of reducing supply, and it contributed to the cumulative total. The shift to a monthly Community BuyBack turned burning into a recurring event with a revenue-sharing hook.
Issuance of new INJ has been curtailed, and governance changes have been aimed at supporting long-term value retention for holders. The community has continued to back tighter supply parameters.
Injective’s approach of routing nearly all protocol revenue back through the buyback system appears to have helped place it among the higher-revenue Layer-1 networks. Layer-1 refers to base blockchains like Ethereum or Solana, as opposed to networks built on top of them.
What this means for INJ holders and the broader market Every burned token is one that can never be sold, staked or traded again. The buyback model ties burn volume directly to ecosystem revenue, which depends on actual usage.
Participants are committing tokens that get burned, so the yield is essentially compensation for giving up those INJ permanently rather than a passive return on a held position.
Caps on commitments per round limit how much any single participant can deploy, keeping the program from being dominated by a handful of large holders.
Many networks direct revenue to treasuries, validators or development funds, while Injective routes nearly all protocol revenue to buybacks.
The key metrics to track each month are the size of each round’s revenue pool, the number of INJ burned per event, participant yields, and whether the bonuses succeed in sustaining participation.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Injective uzavřel s BDACS memorandum o spolupráci, jehož cílem je postavit stablecoin KRW1 jako výhradní vypořádací aktivum denominované ve wonech pro aktiva reálného světa a tokenizační činnost na síti Injective.
Injective Injective INJ+1.80% has entered into a memorandum of understanding with BDACS to position KRW1, BDACS's Korean won-pegged stablecoin, as the exclusive won-denominated settlement asset for real-world assets and tokenization activity on the Injective network.
The collaboration aims to enable trading and settlement of tokenized assets directly in Korean won on Injective, rather than routing through dollar-denominated stablecoins. Minting and redemption of KRW1 will be limited to approved institutional partners and remain subject to regulatory approval.
“Without onchain won infrastructure, demand in tokenized markets will remain anchored to dollar stablecoins," said Harry Ryoo, CEO of BDACS. "Through our partnership with Injective, we will explore how KRW1 can serve as a won settlement asset for tokenized markets, and we will expand our collaboration step by step as Korea's regulatory framework develops."
The stablecoin market remains overwhelmingly denominated in U.S. dollars, with USD-backed stablecoins accounting for over 98% of the total market capitalization. According to data cited by the companies, South Korea's top five crypto exchanges have recorded 18 consecutive months of net stablecoin outflows to overseas platforms, totalling about $10.4 billion.
Closing the gapTo close this gap, the South Korean government and lawmakers have been working on the Digital Asset Basic Act, which would establish a framework for won-denominated stablecoins. The bill is reportedly in its final stages of consultation within the government and scheduled for discussion at the national legislature next month. Injective and BDACS' partnership aims to match the regulatory developments.
BDACS, a registered virtual asset service provider in South Korea, focuses on providing digital asset infrastructure and custody to institutional clients. The firm reported more than 80 billion KRW in assets under custody in the first half of 2026.
Injective has previously been selected by major South Korean corporations POSCO International and LG CNS for the issuance, transfer, administration, and settlement of trade receivables tied to international commerce. According to Injective, the Layer 1 network has processed more than $7.5 billion in real-world asset volume and has seen more than $1 billion in tokenized assets issued on the network.
"This initiative marks the first step towards bringing native Korean won markets on Injective, with more to come as Korean institutions bring their assets onchain," Injective wrote. "This will directly be implemented across Injective’s wide array of onchain markets, with further updates expected as specific use cases go live."
Pineapple Financial plánuje na blockchainu Injective tokenizovat celé hypoteční portfolio v hodnotě přes 10 miliard USD; dříve zde tokenizovala více než 1 miliardu USD z 29 000 hypoték.
Injective [INJ] has been among the tokens that have caught investors’ attention as the blockchain doubles down on its focus on real-world assets (RWAs), which have gained traction recently.
Investors have valued RWAs at around $367.75 billion at the time of this report, making them one of the fastest-growing blockchain segments despite months of bear market conditions.
INJ has performed decently over the past couple of weeks, with the asset gaining 61% in the past ninety days and extending its gains to 17.57% over the past thirty days.
In a recent development, Pineapple Financial, a Canadian-based mortgage company, announced plans to bring its entire portfolio onto the Injective blockchain.
The real estate portfolio is presently valued at over $10 billion. This comes after Pineapple Financial tokenized over $1 billion of its 29,000 mortgages on Injective earlier this year, under the ticker PALPO.
Since PALPO launched on the 5th of December, INJ has rallied over 60%, rising from $5.350 to about $8.594 at the time of this report, according to RWA.xyz.
An additional tokenized asset launching on its blockchain could strengthen investors’ outlook for the asset and boost buying pressure on INJ in the market.
Source: CoinGlass Over the past 120 days, Spot market data shows a strong uptick in INJ accumulation, with roughly $1.35 billion worth of the asset moving from exchanges into private wallets, while netflow remained negative at -$48.5 million at the time of this writing.
Injective’s on-chain activity grows On-chain activity for INJ has grown significantly over the past couple of weeks, supporting the bullish outlook.
According to DeFiLlama, Injective’s total value locked (TVL) has increased by $2.44 million since its October 9th low, bringing it to approximately $14.28 million as of this writing.
Source: DeFiLlama Similarly, DEX trading volume across the blockchain has maintained a steady level of $4.52 million over the past couple of days.
A steady trend in volume suggests stronger blockchain utility and increases the likelihood that the price can sustain its upward movement in the market.
Additionally, the stablecoin market supply on the Injective chain has continued to surge over the past couple of days. Data at press time shows that the supply has reached $17.13 million, up 27.25% over the past thirty days.
Institutional interest in INJ rises Investors may be accumulating INJ because they consider the asset undervalued ahead of several developments expected on the blockchain in the coming days.
One such development involves Injective exchange-traded funds (ETFs). So far, there have been three applications, including the 21Shares Injective ETF, Canary Staked INJ ETF, and REX-Osprey, all pursuing ETF offerings tied to the asset.
The filing of these ETFs could unlock traditional finance capital for the asset, as investors may accumulate INJ, similar to the impact seen with Bitcoin and other crypto assets.
Final Summary Injective [INJ] has gained 61% in 90 days, as Pineapple Financial plans to tokenize its $10 billion mortgage portfolio on the blockchain. Rising on-chain activity, increased INJ accumulation, and three ETF applications could support investor interest in the asset.
Říjnový program zpětného odkupu Community BuyBack společnosti Injective začne ve středu s fondem přes 247 000 USD. Držitelé $INJ získají podíl na výnosech ekosystému, zatímco vložené tokeny INJ budou spáleny.
Injective's October Community BuyBack opens Wednesday with a pool above $247,000. INJ holders commit tokens for a revenue share, and Stockdrop is set to return.
The next @injective Community BuyBack opens on Wednesday, with the October pool valued at more than $247,000. Holders commit $INJ and receive a share of Injective ecosystem revenue in return, split by how much each person put in, while all committed INJ is burned for good.
Injective has also teased the return of Stockdrop, which debuted with September's round. Details for this round have not been shared yet.
How the Community BuyBack worksAccording to Injective's own guide, The program
The scheme launched in late 2025. Its first round , according to CoinJournal. More recent rounds have been far smaller. In July,
The program sits within a wider burn framework. Injective says
What Stockdrop addsStockdrop debuted in September. Injective described it as Per Blockchain.News,
Eligibility does not depend on size. Injective says
Crypto Briefing reported that Which stocks will be offered this month, and how many, has not yet been confirmed. Participants should check Injective Hub for the final terms once the round opens.
Trhy s perpetuálními kontrakty RWA na Injective dosáhly v roce 2026 objemu obchodování přes 1,1 miliardy USD, z toho více než 230 milionů USD za poslední měsíc.
Injective, a blockchain protocol designed for decentralized finance (DeFi) derivatives trading, announced that its real-world asset (RWA) perpetual markets have surpassed $1.1 billion in trading volume so far in 2026. The platform’s latest figures indicate over $230 million in trading activity within the past month alone, with this growth covering a broad range of asset categories including equities, forex, commodities, indices, and pre-IPO markets.
Surge in RWA Perpetual MarketsThe RWA perpetuals offered by Injective provide traders with exposure to various traditional financial assets on-chain, using perpetual contracts that do not have fixed expiration dates. This differentiates them from standard futures contracts found in traditional finance.
This milestone signals progress in Injective’s mission to bring regulated market infrastructure onto the blockchain ecosystem and support trading beyond cryptocurrency-native assets. Trading volume for RWA perpetuals exceeded $230 million over the past month, and the cumulative year-to-date total crossed $1.1 billion, highlighting growing adoption and interest in decentralized derivatives.
The expansion of multi-asset derivatives offerings strengthens Injective’s standing in the wider on-chain RWA derivatives sector, positioning it as a leading player in this evolving landscape.
Mini dictionary: Real-world asset (RWA) perpetuals are derivatives contracts that allow traders to gain price exposure to traditional financial assets—such as equities, commodities, or currencies—on blockchain platforms. Unlike conventional futures, perpetual contracts have no fixed expiry date, enabling continuous trading and liquidity.
Injective’s RWA perpetual markets have crossed $1.1 billion in trading volume in 2026, with more than $230 million traded in the past month across major asset classes.
INJ Token Rallies, Technical Levels WatchedThe INJ token, central to the Injective ecosystem, has seen renewed interest after rebounding approximately 45% from the $6.54 level. According to crypto analyst LAR, the crucial zone to monitor is the $8.50 mark. A sustained weekly close above this technical barrier could signal further bullish momentum, while failure to breach it may lead to ongoing price consolidation.
Analysts note that a move below the $6.54 area could challenge the current recovery, making this level important for assessing near-term support. Meanwhile, LAR maintains a target price of $53 for INJ over the next 120–150 days, contingent on the token achieving and holding above $8.50 and maintaining strong buying interest.
Technical LevelStatusSignificance$6.54SupportCritical level for sustaining recovery$8.50ResistanceKey breakout for bullish continuation$53Analyst targetNear previous all-time highAttaining the $53 target would bring INJ close to its previous all-time high of $52.62 recorded in March 2024. Traders are closely watching whether the token can achieve a decisive weekly close above $8.50 to validate the bullish scenario.
A weekly close above $8.50 is viewed as a critical trigger for further INJ upside, while repeated failure at this level could result in continued consolidation.
Sector Growth and OutlookGrowing trading volumes in Injective’s RWA perpetuals highlight expanding demand for on-chain derivatives that link traditional financial instruments with blockchain technology. However, market participants are also assessing whether increased activity on the platform translates to enhanced utility and long-term value for INJ holders.
The extent to which rising volume and network usage benefit INJ depends on factors like token utility, supply management, and the broader cryptocurrency market environment. Without corresponding protocol economics, higher trading may not always drive direct gains for token investors.
Continued development in the derivatives sector and diversity in supported asset classes could further solidify Injective’s market presence, though overall sentiment in the crypto sector will also play a decisive role.
Pentiv plánuje převést záznamy o hypotečním portfoliu v hodnotě přes 10 mld. USD do sítě Injective; nejde o převod vlastnictví hypoték ani o novou likviditu pro obchodování.
Pentiv, the new brand of Pineapple Financial, plans to tokenize its $10 billion real estate portfolio on Injective and run agentic operations onchain with $INJ.
Pentiv (@pentivhq) plans to bring its entire $10 billion real estate portfolio onchain through Injective (@injective). The company also intends to move its agentic operations onchain using $INJ. Injective says the plan marks progress toward greater institutional adoption. No rollout timeline has been announced.
What Pentiv plans to tokenizePentiv is the new operating brand of Pineapple Financial, according to CoinGabbar, which cites an October 15 filing. The same report notes the corporate rename still needs shareholder approval.
The "real estate portfolio" refers to mortgages rather than physical buildings. Pineapple Financial, listed on the NYSE American under the ticker PAPL, has already migrated more than $1 billion worth of residential mortgage records onto Injective, according to Crypto Briefing. The company has disclosed plans to eventually move its entire historical portfolio, which includes more than 29,000 funded mortgages valued at upwards of $10 billion.
The records are not new securities. Reporting from GlobalCrypto notes that the blockchain records provide an onchain representation connected to the underlying loan files, and do not themselves transfer ownership of the mortgages. The $10 billion figure therefore describes the scale of the migration ambition, not newly deposited trading liquidity, as Coindoo points out.
Crypto Briefing also reports that Pineapple holds a treasury position of around $100 million in $INJ, the native token of the Injective network.
Injective's institutional pushThe announcement adds to a series of institution-focused moves by Injective. The network's institutional arm is now an SEC registered transfer agent, according to Injective's own blog. The registration lets it maintain ownership records and process changes to them within the federal framework for securities markets.
Markets have noticed. KuCoin News reported that $INJ reached $9.16 on October 16, 2026, after a 23% single-day gain, with the token up nearly 70% over the past month. That report links the rally to several factors, including ETF filings and the Pentiv news, so the price move cannot be attributed to the tokenization plan alone.
Details on timing, the scope of each phase and how agentic operations would run onchain have not been disclosed. Until they are, the plan remains an intention rather than a completed migration.
Sources:
CoinGabbar: Injective leads major blockchains, latest revenue dataCrypto Briefing: Injective tokenizes over $1B in real estate mortgagesInjective: SEC registered transfer agent announcement
Injective has rallied more than 8% on October 16, reaching $9.35 as increased trading activity and renewed interest in the network’s institutional developments have supported its recovery.
Summary
Injective price surged nearly 30% in 24 hours, reaching $9.35 as trading activity picked up and buyers pushed INJ above its recent trading range.
Gulf Labs joining Injective as an institutional validator and continued interest in proposed INJ investment products have supported market sentiment.
Daily Ichimoku Cloud and DMI readings remained bullish, while rising four hour OBV showed stronger buying participation during the rally.
The four hour CCI climbed above 200, suggesting that INJ could face some consolidation despite the positive momentum.
A sustained move above $9.50 could put $10 and $10.50 in focus, while a pullback could bring support near $8.50 into play.
According to TradingView data from Binance, INJ (INJ) was trading near $9.25 at approximately 12:33 PM IST, with daily trading volume at 2.29 million INJ. The token had recovered from an intraday low of $8.50, while the latest rally brought it above the trading range seen earlier in October.
The price movement followed several developments involving Injective’s institutional partnerships, regulatory positioning, and proposed investment products in the United States.
Gulf Labs partnership adds to Injective’s institutional expansion
One of the developments drawing attention to Injective is its partnership with Gulf Labs, a subsidiary of Thailand’s GULF Group, which has a market capitalization of approximately $27 billion.
In an October 8 announcement, Injective confirmed that Gulf Labs had begun operating an institutional validator on its blockchain, taking part in transaction validation, network security, and governance.
The partnership covers potential work involving tokenization, stablecoins, institutional financial services, and digital infrastructure in Thailand.
GULF Group operates across several industries, including energy, telecommunications, banking, and cloud infrastructure. Its energy portfolio exceeds 24 gigawatts of installed capacity, while its telecommunications businesses serve more than 46 million mobile subscribers.
Gulf Labs said its validator operations would provide a technical foundation for exploring blockchain applications with local financial institutions.
According to an October 14 analysis by AMBCrypto, INJ had gained approximately 10% as traders reacted to the partnership. Trading volume had risen 25% to $153.37 million, while derivatives open interest reached $72.45 million.
The institutional activity followed Injective’s previous efforts to establish a regulated presence in the US financial market.
As crypto.news reported in August, Injective Institutional Services secured registration with the US Securities and Exchange Commission as a transfer agent.
The registration allows the affiliate to maintain official securities ownership records, process ownership changes, and perform administrative functions involving distributions and corporate actions.
Injective had announced its application in July as part of its plans to support tokenized securities using blockchain infrastructure.
The network’s institutional strategy has included efforts to connect conventional financial recordkeeping with on-chain transactions.
Injective ETF proposals remain part of the market narrative
Interest in INJ investment products has continued alongside the network’s institutional developments.
Canary Capital filed an amended S-1 registration statement with the SEC in December 2025 for its proposed staked Injective exchange-traded fund.
The proposed product would provide exposure to INJ’s spot price while seeking additional returns through staking.
According to the filing, BitGo would serve as custodian, while U.S. Bancorp Fund Services would handle administration and cash custody.
The proposed fund would trade on the Cboe BZX Exchange, with shares created and redeemed in blocks of 10,000.
Canary had previously registered a Delaware trust in June 2025 as an initial step toward launching the investment product.
The ETF proposal remains subject to the applicable regulatory process, and the earlier filings do not establish that an approval occurred on October 16.
Meanwhile, the latest trading activity has brought attention to whether INJ can maintain its recovery after several volatile sessions.
Historical market data from CoinGecko showed INJ closing near $7.66 on October 14, following a recovery from approximately $6.93 on October 9.
The token subsequently traded above $9 on October 16, with its latest price movement accompanied by stronger buying activity on the 4-hour chart.
Injective price outlook remains bullish on the daily chart
Technical indicators on the daily INJ/USDT chart showed buyers retaining control as the token traded near $9.25.
INJ/USDT 1-day price chart. Source: crypto.news
According to TradingView data captured on October 16, INJ was trading above its Ichimoku Cloud, with both the Tenkan-sen and Kijun-sen positioned near $7.887.
The cloud’s leading boundaries stood at approximately $7.887 and $7.006, placing the price comfortably above the indicator’s main support region.
The arrangement indicates a bullish daily trend, although the distance between the current price and the conversion and base lines suggests the market has moved considerably ahead of its recent average trading levels.
The Directional Movement Index provided another positive reading.
The positive directional indicator, or +DI, stood at 21.51, compared with 14.75 for the negative directional indicator, or −DI.
With +DI above −DI, the indicator showed that buying pressure remained stronger than selling pressure.
The Average Directional Index stood at 26.25, above the commonly watched threshold of 25 that indicates an established trend.
However, ADX had fallen from readings above 40 in late September, showing that the underlying trend had lost some strength despite the latest price gains.
On the 4-hour chart, On-Balance Volume had climbed to approximately −16.74 million, its highest reading in several weeks.
INJ/USDT 4-hour price chart. Source: crypto.news
The improvement followed a period of weaker volume readings earlier in October and coincided with INJ moving above its previous consolidation range.
Meanwhile, the Commodity Channel Index stood at 209.77, substantially above the +100 level commonly associated with strong positive momentum.
The CCI signal line was near 27.38, leaving a considerable gap between the two readings.
Although the indicator remained bullish, a CCI reading above +200 suggested that the recent advance had become stretched on the shorter timeframe.
Other technical indicators were mostly bullish, with 14 buy signals, four sell signals, and four neutral readings. Moving averages showed 12 buy signals and no sell signals, although oscillators remained bearish with two buy and four sell signals.
INJ price faces resistance near $9.50 before a possible move to $10
At the moment, traders will likely keep an eye on the October 16 high near $9.35, followed by resistance around $9.50.
A sustained move above $9.50 could bring the psychological $10 level into focus, with the next potential upside target near $10.50.
If buying momentum continues beyond that region, the $11 level could become another target based on the visible price structure.
On the downside, the first support region lies between $8.50 and $8.70, near the area from which the latest rally accelerated.
A move below that range could expose the $7.85 to $8.00 region, which coincides with the daily Ichimoku conversion and base lines near $7.887.
If price continues falling it could bring the lower cloud boundary near $7.00 into consideration.
The 4-hour CCI reading will be important in assessing whether the rally is losing momentum. A drop from above +200 toward +100 could indicate that buying pressure is cooling, while a move below zero would signal a more pronounced deterioration in short-term momentum.
Injective má poměr tržeb k plně zředěné valuaci 0,95, před Solanou (0,83) a Arbitrem (0,78). Tržby financují pravidelné měsíční stahování tokenů INJ z oběhu.
Injective is making a numbers driven pitch to crypto investors. Its revenue to fully dilution valuation (FDV) ratio now leads the major blockchain platforms shown in the year 2026 year to date comparison, putting INJ ahead of better known rivals on this particular metric. The catch? A strong ratio can support a valuation argument, but it doesn’t guarantee a rising token price.
Injective Takes the Lead on Revenue to FDVThe chart places Injective at a revenue to FDV ratio of 0.95, ahead of Solana at 0.83 and Arbitrum 0.78. That’s more than 20% above Arbitrum and ahead of Solana.
The gap looks even wider against Ethereum, at 0.11, and both Sui and Avalanche, each shown at 0.08. Injective’s ratio is over eight times Ethereum’s and more than ten times those two networks’ figures.
Those numbers make Injective stand out in this comparison. Revenue relative to fully diluted valuation offers one way to assess how much onchain revenue a network generates against its potential token valuation. Still, one metric can’t tell the whole story about risk or future performance.
Injective now leads all major blockchains by revenue to fully diluted market cap.
→ Ahead of Solana
→ Over 20% ahead of Arbitrum
→ Over 8x Ethereum
→ Over 10x Sui and Avalanche
Revenue / FDV is one of the clearest measures of whether a network’s valuation is backed by real… pic.twitter.com/MLLzOCzqJP
— Injective 🥷 (@injective) October 15, 2026 The Buyback Mechanism Gives INJ Another AngleInjective’s pitch goes beyond the chart. Onchain revenue flows into the INJ Community BuyBack, which permanently removes INJ tokens from circulation every month.
That creates a potential supply reduction mechanism tied to network revenue. But the effect on market price depends on more than token removals alone, the figures provided don’t quantify the buyback’s price impact.
Future Growth Still Has to DeliverInjective expects revenue to accelerate as it onboards new tokenization initiatives and launches additional products in the coming months. If that happens, the revenue story could strengthen.
For now, the Injective revenue to FDV lead is a compelling snapshot, not a guarantee. Investors will need to watch whether new products generate sustained revenue and whether the buyback translates into meaningful token value over time.
Story Ends Here
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Injective má 135 aktivních trhů s perpetual futures na tokenizovaná reálná aktiva, což představuje téměř polovinu všech jeho trhů. Kumulovaný objem obchodování od počátku roku 2025 přesáhl 5,3 mld. USD.
Nearly half of all markets on Injective now offer exposure to tokenized assets. That includes 135 real-world asset (RWA) markets spread across several asset classes.
What’s actually trading on Injective
Injective is a Layer-1 blockchain built specifically for financial applications. As of mid-October 2026, it hosts 135 active RWA perpetual markets.
A perpetual is a futures-style contract with no expiration date. It lets traders bet on an asset’s price without ever owning the asset itself.
Equities make up the bulk of the lineup, with more than 111 stock markets. The rest covers foreign exchange, commodities and indices.
Then there’s the eyebrow-raiser: pre-IPO assets. Injective lists markets tied to private companies like SpaceX and OpenAI. Neither trades on a public exchange.
The volume picture
Cumulative trading volume across Injective’s RWA perpetual markets has passed $5.3 billion since early 2025.
Monthly activity hit roughly $210 million in August 2026.
The regulatory move that changes the conversation
On October 12, 2026, Injective became the first Layer-1 blockchain registered as an SEC transfer agent.
A transfer agent keeps the official record of who owns a security. With that registration, Injective can keep securities ownership records on-chain in a compliant way.
The distinction matters. A perpetual tracks a price. A tokenized security registered through a transfer agent is meant to represent legal ownership.
The registration followed a new whitepaper published on October 7, 2026. That document laid out three main features: native RWA issuance, role-based permissions, and iAssets, a set of derivatives products.
Role-based permissions let issuers control who can hold or move certain assets — a capability regulated securities generally require.
Beyond derivatives: mortgages on-chain
More than $1 billion worth of mortgage records have been tokenized on-chain. Pineapple Financial is aiming for more than $10 billion in total tokenization.
What this means
For traders, the appeal is access. Equities, FX, commodities and pre-IPO names all sit in one on-chain venue.
Pre-IPO perpetuals track companies with no public price discovery, which can make valuations hard to anchor. Thinly traded markets can also see sharp swings and wide spreads.
A few things are worth tracking from here. First, whether monthly RWA volume climbs meaningfully above the roughly $210 million recorded in August. Second, whether the transfer agent status leads to native securities issuance on the chain. Third, whether Pineapple Financial moves closer to its $10 billion tokenization goal.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Injective has a new validator, and it comes with a power grid attached.
Gulf Labs, the blockchain and digital-asset investment division of Thailand’s GULF Group, went live as an institutional validator on the Injective network on October 6, 2026. The move gives Injective a direct line into one of Thailand’s largest corporate ecosystems, and it pushes the network’s Asian expansion further beyond South Korea.
What Gulf Labs is actually doing
On a proof-of-stake network like Injective, validators confirm transactions and take part in governance decisions about how the chain evolves. Gulf Labs has bonded approximately 500,000 INJ to support network security and governance.
The partnership reaches beyond running nodes. Gulf Labs and Injective plan to work together on tokenization, stablecoin initiatives, education and infrastructure access within Thailand’s financial ecosystem.
The stated goal is to connect Injective with key Thai sectors, specifically energy, telecom and banking. Those happen to be the industries where GULF Group already operates.
Financial terms were not disclosed. Neither were specific tokenized products, transaction values or timelines.
Why GULF Group’s footprint matters
GULF Group carries a market capitalization of roughly $27 billion. Its business spans more than 24 GW of energy capacity and a telecommunications network with over 46 million mobile subscribers.
Gulf Edge, another part of the GULF ecosystem, is expected to provide data center, cloud and AI resources to support infrastructure development.
The collaboration will also involve Binance TH, which is regulated by Thailand’s Securities and Exchange Commission.
Injective’s broader push into Asia
Thailand is not Injective’s first institutional stop in the region. The network previously worked with POSCO International and LG CNS in South Korea.
As of mid-October 2026, Injective had tokenized more than $1 billion in real-world assets.
What this means for Injective and Thai institutions
For INJ holders, the most concrete change is on the security side. Approximately 500,000 INJ bonded by an institutional operator adds to the stake protecting the network.
The partnership names tokenization and stablecoins as areas to explore, not products already in market. Until specific launches arrive, the commercial impact remains a forecast rather than a result.
Any Thai stablecoin initiative tied to this partnership would need to fit within the framework overseen by the country’s SEC and other authorities, which is where Binance TH’s regulated status could matter.
The signals worth tracking are specific. Look for announcements of actual tokenized products from Thai institutions, any stablecoin pilots involving Binance TH, and whether Gulf Edge infrastructure begins supporting Injective-based applications. Growth in the network’s real-world asset figure beyond the $1 billion mark would also indicate whether Asian corporate partnerships are translating into on-chain activity.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Injective testuje pevné poplatky za gas pro obchodní operace; například limitní příkaz na deriváty by stál 330 000 jednotek gas. Nasazení do mainnetu vyžaduje schválení správou protokolu.
Injective wants traders to know what a transaction will cost before they send it. The DeFi-focused Layer-1 blockchain is moving toward a governance proposal that would set fixed gas values for messages in its exchange module.
The feature is already running on Injective’s testnet. It still needs a governance vote before it reaches mainnet.
What the proposal actually changes
Today, the gas a transaction consumes depends on how much computation it requires. Gas is the unit that measures the work a blockchain does to process an action.
Injective’s proposal swaps the meter for a flat fare. Specific exchange actions would carry predefined gas amounts instead of floating with computational load.
The covered actions include order placements, cancellations, and subaccount transfers.
One concrete example: MsgCreateDerivativeLimitOrder, the message used to place a limit order on a derivatives market, would be fixed at 330,000 gas. A trader would know that number in advance, every time.
The design is meant to keep spam protections intact. Fixed pricing does not mean free pricing, so flooding the network with junk orders still carries a cost.
Injective’s minimum gas price sits at 160,000,000 INJ units. In practice, that works out to typical fees of about $0.0003 per transaction.
Already fast, now aiming for predictable
Injective reports average block times of roughly 600 to 650 milliseconds.
The network also reports throughput of 25,000 transactions per second. Finality comes through Tendermint, now known as CometBFT, the consensus engine used across much of the Cosmos ecosystem.
Injective is built on the Cosmos SDK and designed specifically for decentralized finance. It runs MEV-resistant frequent batch auctions, which group orders together to limit front-running by bots that try to jump ahead of other traders.
It also supports both EVM and WASM smart contracts.
How governance will decide
Injective’s protocol changes go through onchain governance. Holders of staked INJ tokens vote on parameter changes like this one.
The process includes deposit requirements to bring a proposal forward and set voting periods before a decision is final. Until stakers sign off, the fixed gas values stay on testnet.
What this means for traders and the wider DeFi landscape
The most direct beneficiaries would be high-frequency traders and market makers. These participants may submit and cancel huge numbers of orders, and variable gas makes their cost modeling harder.
A fixed gas schedule lets a trading firm treat transaction fees as a known line item.
Most blockchains price execution dynamically for good reason: it ties fees to the actual burden on the network. Injective’s approach narrows that flexibility for a specific set of well-understood exchange messages.
For traders already active on Injective, the near-term impact is modest in dollar terms, given fees already hover around $0.0003. The bigger shift is operational: one less variable to model before hitting submit.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
INJ lze nyní obchodovat prostřednictvím funkce Cashtag na platformě X, která uživatele v USA přesměrovává na partnerské platformy včetně Coinbase, Kraken a Gemini.
Injective (INJ) is now tradable through X's Cashtag Partner Program, which routes US users to Coinbase, Kraken and other partners. Here is how it works.
Injective's native token, $INJ, can now be traded through X, according to reports from @MSBIntel and the official @injective account. The service relies on integrations with @Coinbase, @Kraken and several other centralised exchanges (CEXs).
How INJ trading on X worksThe feature runs through X's Cashtag Partner Program. TechJuice reports that users tap a Cashtag, a dollar-prefixed ticker such as $BTC, to see price data and related posts. A new "Trade" button then routes them to their chosen partner platform.
The mechanism matters. According to Parameter, X acts only as a connector and does not facilitate trades or store user funds. All transactions are processed by the third-party brokerages and exchanges. In practice, $INJ is tradable from within X's interface, but orders are executed on partner platforms.
Crypto Briefing notes that the program's launch partners for crypto are Coinbase, Gemini and Kraken, with Interactive Brokers and Moomoo covering equities. Coingabbar's review of the Injective announcement says $INJ trading on X now routes to Coinbase, Kraken, Gemini, Moomoo and Webull. It stresses that this is a link program rather than five new exchange listings.
Limits and contextThe rollout is currently restricted to the United States. Blockonomi reports that no timeline has been announced for international expansion. Users who tap through can sign in to an existing account or open a new one on the partner platform.
For Injective, the move adds a distribution channel inside a large social network. Injective is a layer-one blockchain built for decentralised finance (DeFi) applications, including decentralised exchanges, prediction markets and lending protocols, according to Coinbase. Access through X does not change the token's underlying market structure, but it shortens the path from discussion to trade for US users.
The original post described the Injective ecosystem as being on an "absolute tear". That is a characterisation from the source, and the integration itself does not prove it. Readers should check live INJ prices and volumes on a reputable data provider before drawing conclusions.
SourcesTechJuice: X Launches Cashtag Trading With Major Brokerage Partners
Coingabbar: Injective News, INJ Adds 5 Exchanges
Blockonomi: X Adds Crypto and Stock Trading Links to Cashtags for US Users
Upgrade Meridian Mainnet posílil infrastrukturu sítě Injective pro regulovanou tokenizaci reálných aktiv a mechanismy dodržování předpisů v řetězci pro finanční instituce.
Injective has advanced its institutional-grade tokenization offerings following the recent Meridian Mainnet Upgrade, aiming to boost its infrastructure for regulated real-world asset (RWA) issuance. The latest improvements position Injective to serve financial institutions and asset issuers interested in blockchain-based products with on-chain compliance controls.
Institutional Infrastructure EnhancedThe Meridian Mainnet Upgrade equips Injective with enhanced tools for tokenizing real-world assets in a regulated manner. This expanded infrastructure provides on-chain compliance mechanisms, which can aid developers and issuers in constructing financial products that meet regulatory standards.
Tokenizing real-world assets entails bringing traditional instruments—such as equities and bonds—onto blockchain networks. By strengthening these capabilities, Injective seeks to facilitate entry for asset issuers considering blockchain technologies and expand its reach within digital capital markets.
Mini dictionary: Real-world asset (RWA) tokenization, the process of representing physical or traditional financial assets like stocks, bonds, or real estate on a blockchain in the form of digital tokens, allowing for fractional ownership, enhanced liquidity, and transparent trading.
Despite the improved capabilities, Injective’s long-term impact will rest largely on whether new institutional partnerships, asset launches, and broader on-chain activity materialize over time.
Tokenomics and Network Growth in FocusInjective’s approach integrates a community-driven token burn mechanism, removing INJ tokens from circulation regularly. Sustained token burns, when combined with growing demand and increased network activity, could reinforce a bullish outlook for INJ’s market performance.
However, price appreciation cannot be guaranteed by token burns alone. Broader factors—including issuance rates, staking dynamics, liquidity, and prevailing market trends—are also in play for investors monitoring Injective’s development trajectory.
Injective’s tokenization upgrades and deflationary model offer a positive framework for future asset adoption, but actual demand from institutions and users will ultimately shape the impact on the INJ ecosystem.
Analyst Targets Highlight Recovery ScenariosCrypto analyst Crypto Patel recently presented a bullish long-term thesis for INJ, outlining several key price targets and market zones. According to Patel, accumulation zones for INJ currently sit between $3.10 and $2.30, while re-accumulation could occur from $5.30 to $3.90.
Price projections identified by Patel span milestones at $8.50, $13 to $18, $31, $53, and ultimately $100. The analysis links Injective’s deflationary tokenomics and recent infrastructure expansion to these optimistic targets, though these projections remain highly speculative.
Zone/TargetPrice RangeAccumulation Zone$3.10 – $2.30Re-accumulation Zone$5.30 – $3.90First Target$8.50Mid Targets$13 – $18, $31, $53Ultimate Target$100Whether these levels are reached will depend mostly on demand, adoption metrics, technical confirmation, and the broader direction of cryptocurrency markets.
Projections suggest that as network adoption grows and on-chain demand increases, INJ could potentially reach targets far above its current levels, yet each milestone will require sustained momentum and favorable market conditions.
Technical Barriers Remain AheadINJ’s next phase depends on navigating technical resistance points and generating significant trading volume to support upward moves. The analyst’s noted accumulation ranges provide references but do not guarantee strong support or immediate reversals.
Technical indicators such as RSI and MACD, alongside price action and volume data, are needed to confirm any trend shifts. A decisive breakout above resistance at $8.50, for example, would be key to unlocking the next milestones in Crypto Patel’s recovery framework.
Moving forward, Injective’s ability to translate its updated tokenization infrastructure into new institutional partnerships, regulated asset launches, and heightened network participation will serve as important evidence for lasting demand and momentum.
While the Meridian upgrade strengthens Injective’s position in the RWA sector, the outlook for INJ will remain closely linked to ongoing market sentiment, token supply dynamics, and the pace of real-world adoption by financial institutions and asset issuers.
Injective [INJ] gained 10% in the early hours of the 10th of October as bullish trading activity picked up.
Perpetual buying pressure and spot exchange outflows supported the outlook, with traders showing renewed interest in the asset.
Alongside those moves, Injective’s updated white paper and ongoing exchange-traded fund (ETF) applications offered potential catalysts.
Are INJ buyers taking the lead? Across exchanges, INJ’s Taker Buy/Sell Ratio reached 1.14 over the preceding four hours. A reading above 1 indicates that taker buying volume exceeded taker selling volume, pointing to stronger aggressive buying.
However, the ratio measures executed trading volume rather than the number of outstanding long and short positions.
Source: CoinGlass The exchange breakdown showed buying accounted for more than half of recorded volume on several major venues. These included Binance, Bybit, Gate, BingX, Bitunix, and Hyperliquid.
Source: CoinGlass That supported the bullish reading across multiple platforms. The next question is how much exposure traders added alongside those purchases.
Is INJ’s rising exposure supporting the rally? INJ’s OI-Weighted Funding Rate stood at a positive 0.0160%, indicating that longs were paying shorts. That reading supported a bullish positioning bias, without establishing that long positions outnumbered shorts.
Meanwhile, Open Interest increased by $34.88 million to $164.24 million over 24 hours, showing a larger pool of outstanding contracts.
Source: CoinGlass Spot exchange flows offered another supportive signal. Cumulative Spot Netflow reached approximately -$1.6 million over five days. At press time on the 11th of October, Spot Netflow stood at -$311,000, the largest net outflow since the 9th.
Source: CoinGlass Negative Netflows meant more INJ left exchanges than entered them. Those withdrawals could suggest holders were moving tokens into custody, potentially reducing readily available exchange supply.
Still, exchange withdrawals alone cannot confirm fresh purchases. Together, the readings supported the bullish outlook while leaving buyers’ intentions partly open.
Can Injective’s developments sustain investor interest? Beyond trading activity, Injective published an updated white paper outlining its finance-focused development plans. Its regulatory work included publication of an INJ white paper under Europe’s Markets in Crypto-Assets Regulation (MiCA).
That process was separate from U.S. Securities and Exchange Commission (SEC) oversight, rather than a regulatory channel between the two.
Meanwhile, 21Shares and Canary pursued INJ ETF applications, offering another potential source of investor interest.
Injective CEO Eric Chen had suggested a launch could come before 2027, although that remained his expectation. Overall, these developments could help sustain interest. Further upside would still depend on demand holding beyond the initial rally.
Final Summary INJ gained 10%, while stronger taker buying, positive Funding Rates, and rising Open Interest supported bullish positioning. Exchange outflows and ongoing ETF applications added support, although withdrawals alone did not confirm fresh buying.
Injective's Trench Treasury Makes Its First BuyThe @injective Trench Treasury has made its first open-market purchase, acquiring 10% of the total supply of @NinjaCatSF $NINJACAT tokens. The move signals a deliberate cross-chain strategy from the Injective Foundation, which launched the treasury on October 5, 2026.
The NinjaCat purchase on October 8 marked the first time the treasury deployed capital into an actual token position.
A Solana Memecoin That Pays Out in INJNinjaCat is a cross-chain project with an unusual design. , creating a direct financial link between Solana-native token activity and the Injective ecosystem.
, rather than simply supporting projects for visibility alone.
The broader context matters here. The NinjaCat buy fits neatly into that strategy, using the Trench Treasury as an active instrument to deepen those cross-chain ties.
At the time of writing,
Sources:
Crypto Briefing: Injective Trench Treasury goes live with first INJ rewards
Injective Blog: How to Launch and Find Tokens with INJ on StonkFun
CoinMarketCap: Injective (INJ) Surges Amid Multiple Catalysts
Gulf Labs, the blockchain and digital-asset investment venture of GULF Holding, is expanding into institutional onchain finance through a new collaboration with Injective. Gulf Labs operates within a broader business ecosystem of Gulf Group, one of Thailand’ s largest conglomerates with an approximately $27 billion market capitalization and major...
BANGKOK, Oct. 08, 2026 (GLOBE NEWSWIRE) --
The multifaceted collaboration combines network validation, tokenization and stablecoins, national distribution, education, and institutional infrastructure.
Gulf Labs, the blockchain and digital-asset investment venture of GULF Holding, is expanding into institutional onchain finance through a new collaboration with Injective. Gulf Labs operates within a broader business ecosystem of Gulf Group, one of Thailand’s largest conglomerates with an approximately $27 billion market capitalization and major businesses across energy, telecommunications, digital assets, cloud, and data centers.
Gulf Labs is now live as an institutional validator on Injective, giving the collaboration an operational foundation from day one. The broader collaboration contemplates potential tokenization and stablecoin initiatives with Thai institutions, national education channels, and infrastructure access through Gulf Edge.
The collaboration brings together the principal components required to develop an institutional onchain market: blockchain infrastructure, access to financial institutions, regulated digital-asset services, consumer distribution, market education, and local computing capacity. Gulf Labs will operate an institutional-grade Injective validator, help secure the network, and participate in protocol governance. Its role as a validator gives GULF Holding direct exposure to the operation and development of the network underpinning the company’s wider institutional work.
Building from that technical foundation, Gulf Labs will provide access to new relationships for Injective with Thai banks, corporates, issuers, and digital-asset companies evaluating tokenized assets, stablecoin settlement, and other onchain financial products.
“Thailand already has the financial institutions, digital-asset market, consumer connectivity, and infrastructure needed to become a major center for onchain finance,” said Sireethorn Vorasuthika, Director of Gulf Labs. “What has been missing is a way to bring those capabilities together. Our validator gives Gulf Labs a direct role in the Injective network, while the wider collaboration allows us to work on institutional products, market access, education, and infrastructure as part of the same strategy.”Dr. Korn Poosiriwong, Head of AI Business, Gulf Edge and Director of Gulf Labs, added: “This collaboration reflects Gulf Labs’ vision to build a strong foundation for Web3 infrastructure. We remain focused on transforming next-generation technologies into practical, large-scale applications.”
The collaboration will also extend beyond institutional product development. Binance TH is operated by Gulf Binance, a joint venture between Gulf Edge and an affiliate of Binance. The company provides digital-asset exchange and brokerage services under licenses issued by Thailand’s Ministry of Finance and supervision by the Thai Securities and Exchange Commission. Collaboration with Binance TH will explore market education, user engagement, and potential opportunities connecting institutional onchain products with Thailand’s regulated digital-asset market.
Gulf Labs will also connect Injective with Gulf Edge to evaluate data-center capacity, cloud services, AI compute, and other infrastructure requirements. These discussions are intended to give developers and institutions considering deployments in Thailand a direct route to local infrastructure and technical support.
GULF Labs’ position within the broader Gulf group ecosystem gives the collaboration reach across several of the industries shaping Thailand’s digital economy. Gulf Group’s businesses include power generation and renewable energy, telecommunications, digital assets, cloud services, and data centers. Through Gulf Labs, those capabilities can be connected with a blockchain network built specifically for financial applications.
Injective provides infrastructure for issuing and managing tokenized assets, stablecoins, payments, trading markets, and other financial products. Its native permissions framework allows institutions to define ownership requirements, transfer restrictions, administrative roles, and issuance and redemption controls at the protocol level.
The validator establishes technical participation and alignment at the network level. Institutional introductions will allow Injective and Thai market participants to identify tokenization and stablecoin applications tied to real financial activity. The Binance TH channel will support education and distribution, while Gulf Edge will give companies evaluating Thai deployments a route to local data-center, cloud, and AI infrastructure.
“Gulf Labs’ position within the broader Gulf Group ecosystem provides relevant connections across financial services, regulated digital-assets, national consumer distribution, and physical digital infrastructure into one group,” said Injective COO, Mirza Uddin. “Gulf Labs is already operating an Injective validator, so this collaboration begins with live network participation. From that base, we can work with Thai institutions on tokenization and stablecoins, bring education to users across the country, and support companies that want to build and operate in Thailand.”
This structure allows the companies to work across the full lifecycle of an onchain financial product: from the blockchain on which it is issued, to the institutions that create and use it, the regulated platforms and channels through which it reaches the market, and the infrastructure supporting its operation.
The collaboration also expands Injective’s institutional activity in Asia. Injective recently inked a deal with POSCO International, South Korea’s largest trading company, and LG CNS on a proof of concept involving trade receivables generated through real commercial operations. The pilot was the first of its kind that showcased the issuance, transfer, administration, and settlement of trade receivables on Injective alongside compliance controls and automated document review.
About Gulf Labs
Gulf Labs invests in, builds, and supports blockchain and digital infrastructure. Part of the Gulf Holding ecosystem, it combines venture investment, research and development, validator operations, and partnerships across the digital asset ecosystem.
Learn more at gulf-labs.com.
About Injective
Injective is the first blockchain purpose-built for finance, enabling users, institutions, and AI agents to trade, tokenize, and transact at scale. Proudly made in America, Injective provides foundational blockchain infrastructure for global markets, with embedded financial primitives spanning stablecoins, real-world assets, payments, and programmable perpetuals through a unified onchain engine.
Injective is used by Fortune 500 companies, banks, fintechs, and governments to power an open economy where any asset can be accessed anytime, from anywhere. Builders can deploy across WASM and EVM, connect to native financial modules, and launch markets with deep liquidity from day one. INJ is the native token powering the Injective ecosystem and the new internet economy.
Website |Blog |X
Contact
Sarah Cohen
SJC PR
[email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68df6e08-7d49-47b1-9548-60bd37d55b44
Injective vydal první kompletně přepracovanou bílou knihu od roku 2018 a jako blockchain 1. vrstvy se zaměřuje na institucionální finance a tokenizaci aktiv.
Injective has released a new version of its whitepaper, marking the first full rewrite since the original launch in December 2018. The initial whitepaper centered on a front-running-resistant trading protocol built on Ethereum, while the updated version positions Injective as a Layer 1 blockchain for institutional-grade finance and asset tokenization, covering the full lifecycle of tokenized assets—from issuance and trading to settlement. The whitepaper details a native real-world asset (RWA) tokenization framework that establishes role-based permissions for minting, transferring, receiving, and burning assets. Its iAssets feature leverages stablecoin margin and oracle pricing to offer derivatives tracking external assets, eliminating the need for wrapping or pre-funding. Tokenized assets are traded on a fully on-chain central limit order book (CLOB), with sealed high-frequency batch auctions executed per block to clear at a uniform price, mitigating front-running and transaction-ordering miner extractable value (MEV). Byzantine Fault Tolerant (BFT) consensus delivers deterministic finalization, with block times averaging around 600 milliseconds. The new whitepaper also covers native Ethereum Virtual Machine (EVM) and WebAssembly (WASM) environments sharing a unified state, perpetual contract risk management, and AI agent finance. AI agents can interact with tokenized assets via MCP servers, strategy-constrained signatures, and x402 machine payments denominated in USDC. On-chain protocol revenue will be allocated to regular INJ community buyback programs.
V síti Injective byly spuštěny tokenové launchpady @runupdotfun a @sproutsomefun. Nadace Injective Foundation vyčlenila pro jejich komunity tokenové odměny v rámci programu Trench Treasury.
Two New Launchpads Take Root on InjectiveInjective's memecoin ecosystem is expanding quickly. Within days of each other, two token launchpads went live on the network: @runupdotfun and @sproutsomefun. The pair represent distinct approaches to on-chain token launches built on Injective infrastructure.
According to Blockonomi, @runupdotfun allows users to launch tokens powered by long or short perpetuals markets, while @sproutsomefun lets users bridge, discover, and trade new launches in one place.
Injective Foundation Backs Communities With the Trench TreasuryShortly after both platforms launched, the official $INJ account announced the Injective Trench Treasury.
Token rewards have been allocated specifically to the communities of the two new launchpads, @runupdotfun and @sproutsomefun.
The move signals that Injective understands the role retail-driven memecoin activity plays in drawing users and liquidity to a blockchain network. By backing launchpad communities directly with token rewards, the Foundation is putting capital behind grassroots participation rather than waiting for organic adoption alone.
Sources:
AMBCrypto: Injective launches Trench Treasury as Canary files SEC ETF
Blockonomi: Injective Stockdrop Goes Live as CypherOS Debuts and BuyBack Burns 7.2M INJ
CoinGabbar: Injective News: Two Token Launchpads Go Live, Meme Ecosystem Expands
Generální ředitel Injective Eric Chen očekává spuštění ETF v USA navázaných na INJ před rokem 2027. Americká Komise pro cenné papíry (SEC) eviduje dvě žádosti: 21Shares Injective ETF a Canary Staked INJ ETF.
Injective (INJ) co-founder and CEO Eric Chen said he expects U.S. exchange-traded funds tied to the Layer 1 network's native token INJ to launch before 2027.
"I can't comment on the specific time, but I think 2027 is a little bit too far," Chen said in an interview with The Block at Korea Blockchain Week 2026. "It's actually way sooner than I expected as well, so we'll see."
According to the Securities and Exchange Commission's website, there are currently two ETF applications tied to INJ — the 21Shares Injective ETF and the Canary Staked INJ ETF. Initially filed in 2025, both issuers submitted amended S-1 registration statements in September, signaling progress in the application process.
Chen made the ETF comment amid a broader licensing push. Injective Institutional Services became an SEC-registered transfer agent in August. This allowed the network-affiliated legal entity to maintain ownership records for securities. He said the registration is just the start, rather than the end.
"In terms of U.S. licensing, I think transfer agent is basically the very start. There's going to be a few more licenses that we'll be working on," Chen said. With the registration and the network's latest Meridian upgrade, he said "an Injective institution can actually be the clearinghouse for settlement."
Injective shipped Meridian on Sept. 24 after a governance vote as a "massive institutional upgrade," according to the CEO. He described the upgrade as a way for institutional clients to move from pilots to live onchain tokenization, offerings, and collateralization, with built-in transfer controls for compliance.
RWA Market Cap by Asset Class | The Block Eyeing Europe In Europe, he said a Markets in Crypto-Assets (MiCA) white paper for the INJ token has been submitted and finalized.
Injective announced in July that it had completed the notification and publication of INJ's MiCA white paper. It is listed in the European Securities and Markets Authority's (ESMA) interim register, which was a disclosure step toward INJ's admission to trading in the EU. Chen said obtaining a license in the region is a slow process, so Injective is working with firms that already hold one.
"There's actually a very exciting upcoming collaboration exactly around that. We're working with very large financial institutions," he said. "MiCA is actually a stepping stone to that." The Injective CEO said the work covers payments and tokenization.
In terms of real-world asset tokenization, Chen said he views the private asset market as a "really important part."
"So anything that typically within TradFi requires months of bundling things together, months of pitching, tens of hundreds of layers of middlemen like selling them in tranches and then dividing up before it becomes an actual liquid investment instrument," Chen said. "Onchain that completely gets compressed within like one or two small contracts, and that's I think where it's gonna be most promising."
Injective spustil Stockdrop a účastníci si nyní mohou nárokovat tokenizované akcie. Community BuyBack zároveň uzavřel více než 7,2 milionu INJ, které byly dosud spáleny.
TLDR: The Community BuyBack closed with more than 7.2 million INJ burned, and Stockdrop claims are now open. CypherOS made its first public appearance as a privacy platform for confidential trades and tokenization. Canary Capital filed Amendment No. 3 for a Staked INJ ETF that plans to stake at least 90% of holdings. Robinhood now supports INJ trading and transfers, giving users native INJ access without a bridge. Injective Stockdrop went live this week, allowing participants to claim tokenized stock rewards. The Community BuyBack closed with more than 7.2 million INJ burned to date.
CypherOS also made its first public appearance as a privacy platform on the network. Meanwhile, Canary Capital filed an amendment for a Staked INJ ETF, and Robinhood added INJ trading and transfer support. These updates form the main developments on Injective over the past week.
The first Injective Stockdrop is now live. The Community BuyBack that preceded it has ended. According to the project, more than 7.2 million INJ have been burned to date.
Stockdrop participants can now claim their tokenized stock rewards. The project refers to eligible community members as loyal ninjas.
CypherOS also made its first public appearance this week. Injective shared a preview of the platform. CypherOS is built for confidential transactions, trades, and tokenization. The project describes it as a privacy platform on Injective. Injective positioned the platform for use across its network.
Injective’s post on X also listed several ecosystem launches. Sprout (@sproutsomefun) lets users bridge, discover, and trade new launches in one place. RunUp (@runupdotfun) is now live as well.
The first Injective Stockdrop went live. The Community BuyBack closed with more than 7.2 million $INJ burned to date with loyal ninjas now being able to claim tokenized stocks. CypherOS also made its first public appearance as the privacy platform for confidential transactions,… pic.twitter.com/rvRzdtPYT0
— Injective 🥷 (@injective) October 4, 2026
It allows users to launch tokens powered by long or short perp markets. Both projects operate within the Injective ecosystem.
INJ is now live across the Solana ecosystem. Support includes Phantom and several trading, launch, and data apps. The FOMO thesis competition also ended.
INJ was sent to every winner, and Injective said more releases are on the horizon. The network included these items in its weekly recap.
Institutional Access and Network Activity Canary Capital filed Amendment No. 3 to its SEC registration statement for a Staked INJ ETF. According to the update, the fund plans to hold spot INJ.
It also intends to stake at least 90% of its US institutional holdings. Injective shared the filing detail in its weekly post on X.
Robinhood now supports INJ trading and transfers. Users therefore get a direct route into Injective with native INJ. The platform does not require a bridge.
Robinhood users can trade without moving assets across chains. Injective listed the update among its top developments this week.
Injective and LG CNS are also working together. The goal is to bring more activity onchain through a 24/7 programmable economy.
In addition, Injective hosted the largest institutional event during Korea Blockchain Week. Attendees included members from Coinbase, the Federal Reserve, LG, BitGo, and more.
Network data was also part of the update. Injective has processed more than 3 billion transactions. More than 42 million of those took place in the past 30 days. Injective listed these figures under key stats.
Injective spustila první perpetual treasury pro RUNNER s počáteční pozicí 9 086 USD v INJ na 2x páku. Zisky mají financovat zpětné odkupy a pálení RUNNER.
Most meme coin treasuries do one thing: sit there. RunUp’s RUNNER token has decided its treasury should trade instead.
The project announced that the first perpetual treasury on Injective is now live. It opened with a $9,086 INJ position at 2x leverage, and all profits are slated to go toward buying back and burning RUNNER.
How the RUNNER treasury works The setup is simple to describe. RUNNER’s treasury holds a fixed 2x long position in INJ, the native token of the Injective blockchain.
A 2x long means the treasury gains or loses roughly twice what INJ moves. If INJ rises, the position profits faster than simply holding it would. If INJ falls, losses arrive faster too.
The trades run through Injective’s Request for Quote, or RFQ, system. In an RFQ model, a trader asks for a price and market makers respond with quotes, rather than the order hitting a public order book directly.
The treasury uses profits to purchase RUNNER on the open market and permanently destroy those tokens, reducing how many exist.
The launch numbers RunUp launched on October 1, 2026, with public trading of RUNNER starting that same day. Before going public, the project ran a whitelist phase with 333 spots.
Interest appears to have outrun those spots by a wide margin. The research points to more than 10,000 to 15,000 sign-ups.
RUNNER has a total supply capped at 1 billion tokens. The allocation breaks down like this:
27.5% to whitelist participants 41.5% to the public bonding curve 26% to the liquidity pool 5% to an airdrop The treasury itself gets funded at a specific milestone. When RUNNER hits its target breakout point, set at around $81K fully diluted valuation, launch capital is divided 85% to liquidity and 15% to the perpetual treasury.
Governance sign-off from Injective RunUp went through Injective’s governance process and received approval via Proposal #704. That vote covered RunUp’s Native Factory and Native Treasury contracts. The factory handles token creation, while the treasury contract manages the on-chain futures positions.
What this means for RUNNER holders and Injective For RUNNER holders, the treasury creates a direct link between INJ price action and RUNNER’s supply. A rising INJ could fund buybacks, while a falling INJ could leave the treasury with nothing to burn.
Leverage adds a sharper edge to that relationship. A 2x position can be squeezed hard in a fast drawdown, and a treasury of this size has limited room to absorb losses. Holders should treat the buy and burn as conditional on profits, because that is exactly how it was described.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Injective představil první demo CypherOS, své nativní vrstvy soukromí pro zastíněné transakce a soukromé RFQ toky. Projekt zatím nezveřejnil plnou architekturu ani auditní zprávy.
Injective has put its privacy ambitions on display. The first demo of CypherOS, the blockchain’s privacy platform, is now live.
What CypherOS is supposed to do Injective is a Layer 1 blockchain built with trading and institutional-scale activity in mind.
CypherOS is its native on-chain privacy layer. The project has described three headline features: confidential trading, shielded transactions, and private RFQ flows.
Shielded transactions hide the details of a transfer from public view.
RFQ stands for request for quote. A trader asks one or more counterparties for a price on a specific trade, rather than posting an order on a public book. Making that process private means the request itself does not tip off the rest of the market.
That last point matters for large traders. Broadcasting a big order on a public chain can invite front-running, where others jump ahead of the trade to profit from the expected price move. Privacy at the RFQ stage is designed to close that window.
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Injective has emphasized that CypherOS is embedded in the core network. It is not a bolt-on app or a standalone tool sitting off to the side.
How Injective got here On September 18, 2026, Injective teased an upcoming CypherOS demo, promising privacy for INJ across trades and transactions.
Six days later, on September 24, the network activated its Meridian mainnet upgrade. It went live at block height 184,394,000.
Stakers backed the upgrade with 99% approval.
Meridian did two notable things. It improved the chain’s support for real-world asset tokenization, or RWAs, which turns things like bonds or funds into on-chain tokens. It also laid the groundwork for CypherOS testing.
On September 25, Injective formally confirmed CypherOS as a native privacy layer for shielded transactions and private RFQ flows. The project flagged a private RFQ testnet alpha as the first live test of the system.
The market noticed INJ, Injective’s native token, responded to the run of announcements. The token traded near $8 on September 25.
That price represented a 32% gain for the week. Over the prior 30 days, INJ was up 42%.
What still needs to happen As of early October 2026, Injective had not disclosed the full architecture of CypherOS. Audit reports had also not been made public.
The community has been watching for public demos as a key validation milestone. The live demo addresses part of that. The architecture details and audits remain the next shoes to drop.
What this means for Injective and its users The RWA angle reinforces the pitch. Tokenized versions of traditional financial assets tend to attract the same institutions that are used to private negotiation in conventional markets. Pairing tokenization upgrades from Meridian with private RFQ from CypherOS points to a coherent target audience.
Privacy features on public blockchains often draw regulatory scrutiny, since confidentiality tools can be framed as compliance headaches. How Injective balances privacy with the reporting needs of institutional clients will be an important detail to watch as more of the design is revealed.
The near-term checklist is straightforward. Watch for the private RFQ testnet alpha to open up, for the full CypherOS architecture to be published, and for audit results to land.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Injective spustil první „Stockdrop“, v němž mohou účastníci spálit INJ a získat šanci na tokenizované akcie Nvidia, AMC nebo Meta. Akce odstartovala 23. září a běží do 30. září.
Injective launched what it’s calling a “Stockdrop,” an event that lets participants burn their INJ tokens and, in return, potentially receive tokenized versions of real equities like Nvidia, AMC, and Meta.
The Stockdrop kicked off on September 23 alongside Injective’s monthly Community BuyBack program, running through September 30. After that, participants get a one-week window to claim any tokenized stock rewards they’ve been allocated.
How the Stockdrop actually works The mechanics sit on top of Injective’s existing buyback infrastructure, which has been running monthly since late 2025. Participants commit their INJ tokens to the program. Those tokens get permanently burned, reducing the circulating supply. In exchange, participants receive a share of the Injective ecosystem’s revenue.
The Stockdrop adds a new layer. Each participating wallet gets a chance to be randomly allocated a tokenized stock, regardless of how much INJ the user commits. Whether someone commits 10 INJ or 10,000, each wallet has an independent shot at receiving tokenized stock.
The tokenized stocks available include shares linked to Nvidia, AMC, Meta, Snap, SPCX, and HIMS. These tokenized equities live on the Robinhood Chain, an Ethereum Layer 2 solution purpose-built for tokenized stocks. That infrastructure enables 24/7 trading and faster settlement times than traditional equity markets.
The buyback machine behind it all Prior rounds have burned over 7.2 million INJ tokens, valued at approximately $55.5 million. Participants in those earlier rounds have received an average return of roughly 23.9% per round.
The program operates under governance proposal IIP-617, which codified the buyback-and-burn mechanism as a core part of Injective’s tokenomics. Each month, the protocol uses ecosystem revenue to buy back INJ from committed participants, then permanently destroys the tokens.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Canary Capital posunula staked ETF na Injective hlouběji do schvalovacího procesu u SEC po podání třetí úpravy S-1 pro navrhované staked $INJ ETF. REX-Osprey zároveň prodloužila lhůtu svého staked SEI ETF do 23. října.
Canary Capital pushes staked Injective ETF deeper into SEC review@CanaryFunds filed a third S-1 amendment with the U.S. Securities and Exchange Commission on Thursday for its proposed staked $INJ exchange-traded fund. The fund is structured to give U.S. investors direct exposure to Injective while also capturing staking returns. According to the original copy, Canary plans to stake at least 90% of the fund's tokens, making staking rewards a primary rather than incidental feature of the product.
Thursday's third amendment keeps the process moving, but regulatory clearance remains outstanding.
REX-Osprey extends staked SEI ETF timeline to October The move is a procedural step the partnership has made repeatedly this year, rolling the effective date forward as the SEC continues its review. that REX-Osprey has been developing.
Together, the two filings highlight a broader push by asset managers to bring staking-enabled products to retail and institutional investors through regulated wrappers. Neither fund is cleared to trade yet, and both remain subject to further SEC action before any shares can be offered to the public.
Sources
TokenPost: Canary Capital Amends Proposed Staked Injective ETF Filing With SEC
KuCoin News: REX and Osprey Update SEI Staking ETF Filing, Effective Date Set for October 23
Injective potvrdil, že jeho nativní privátní vrstva CypherOS zamíří na síť po spuštění mainnet upgradu Meridian. Cílí na shielded transakce, důvěrné obchodování a privátní RFQ tok.
Injective has confirmed that Injective CypherOS, a native on-chain privacy layer, is coming to the network. This follows the successful Meridian mainnet upgrade, which went live on September 24, 2026.
The move positions Injective as one of the first financial-layer blockchains to build privacy directly into its core infrastructure.
What Meridian Delivered, and Why CypherOS Is the Next Step Meridian (IIP-701, chain v1.20.4) passed governance with approximately 99% staker support. It activated at block height 184,394,000 on September 24, 2026.
The upgrade introduced regulated token standards on Injective EVM, compliance-ready transfer rules, MultiVM unified perp markets, and updated risk engines.
The groundwork for this moment stretches back to August 2026. Injective’s SEC transfer-agent registration triggered a ~9% INJ price spike at that time.
It signaled that the protocol was building toward an institutional audience, one that public chains cannot serve without robust privacy protections.
Critically, it also listed a CypherOS testnet alpha as part of the package. One day later, on September 25, Injective’s official account confirmed: Injective CypherOS is coming soon.
That post ended months of teasing that began on September 6, when Injective called privacy “a fundamental human right.”
The protocol has been building toward this through its Volan upgrade and RWA integration, which laid the tokenization rails that CypherOS would now shield.
According to Injective’s own disclosures, Injective CypherOS is designed to cover three areas, shielded transactions, confidential trading, and private RFQ (request-for-quote) execution flows.
Private RFQ flows in the testnet alpha will be the first live test surface. The problem it solves is real. Institutions running high-frequency strategies or large OTC positions currently expose every fill on a public chain.
INJ Price Context and What Investors Are Watching Next Injective (INJ) extended its rally on Friday, September 25, 2026, trading at $8.23 after a 4.30% gain over the past 24 hours and a 25.80% climb across the last seven days, on 24-hour volume of $194.78 million.
With roughly 100 million INJ in circulation, the token now carries a market capitalization of about $822.61 million, as the recent CypherOS privacy-layer confirmation and Meridian mainnet upgrade continue to underpin bullish sentiment around the network.
The weekly move largely preceded the CypherOS teaser, Meridian’s governance passage drove the early price action.
Privacy headlines are arriving into an already strengthening tape, not creating it from scratch.
The investor narrative now runs in a clear sequence. Canary Capital’s staked INJ ETF filing added a regulated-wrapper angle earlier this year.
Meridian added compliance-ready tokenization. And Injective CypherOS now adds the confidentiality layer that makes institutional order flow viable on-chain. Still, important caveats apply.
No public CypherOS architecture, cryptography specification, or audit report has been released yet. The testnet alpha for private RFQs has not launched.
And the full suite, shielded transactions, confidential trading, and tokenization privacy, is expected in a later chain upgrade. For readers new to the protocol, what Injective is and how it works is worth reviewing before drawing conclusions.
The real catalysts to watch are the public CypherOS demo and the first live private RFQ testnet flow, not the teaser tweet.
From on-chain data to charting, explore these free crypto tools every investor should know.
Canary Capital podala SEC dodatek k ETF na stakovaný Injective a chce nabídnout regulované vystavení INJ i stakingovým odměnám. INJ za posledních 24 hodin vzrostl o 5 % na 8,6 USD.
Canary Capital amended its staked Injective ETF filing with the U.S. Securities and Exchange Commission (SEC). The issuer has revealed significant changes to its prospectus to provide investors with regulated exposure to Injective and staking rewards. INJ price rebounded 5% to hit $8.6 in the last 24 hours.
Canary Capital Updates Staked Injective ETF with the US SEC Canary Capital submitted Amendment No. 3 to its Form S-1 for the Canary Staked Injective ETF, according to a latest filing with the US SEC. If approved, it will offer regulated exposure to spot INJ price and additional Injective earnings via its staking program.
The issuer seeks to list the spot exchange-traded fund on Cboe BZX under the ticker INJS. Canary says it expects to stake at least 90% INJ, as compared to all in previous filings.
Canary Capital Amends its Staked Injective ETF. Source: US SEC Canary Capital has revealed amendments to agreements, including price index providers, custodians, and transfer and marketing agents. The exchange-traded fund will track Injective price performance as measured by the CoinDesk Injective Benchmark Rate 60m NY Rate index.
U.S. Bank NA is the Canary Staked Injective ETF’s cash custodian. BitGo Bank & Trust is named as custodian for the trust and will hold all of the Trust’s INJ on the Trust’s behalf. U.S. Bancorp Fund Services will serve as transfer agent and administrator for the trust.
The issuer will sell or redeem staked INJ ETF in blocks of 10,000 shares. Other details disclosed in the filings include Paralel Distributors LLC as marketing agent.
The key details of the management fee and staking fee for Canary Staked INJ ETF were not disclosed yet. These details could appear in the next S-1 filings.
INJ Price Nears Breakout Injective price jumped more than 6% in the past 24 hours amid Injective CypherOS on-chain privacy layer buzz. This follows the successful Meridian mainnet upgrade that went live on Thursday. The upgrade added support for regulated tokenized assets and expanded INJ’s role on the network.
The price currently trades at $8.12, with an intraday low and high of $7.81 and $8.66, respectively. Trading volume has slightly decreased by 6% over the last 24 hours, indicating a decline in interest among traders.
In the daily timeframe, the price is above the 50-MA and 200-MA at the time of writing. The price is moving in convergence with a rise in the Relative Strength Index (RSI) to 72.30, signaling a potential for a pullback from the overbought zone.
Injective Price in 1-Day Timeframe. Source: TradingView Analysts recommended that investors consider an entry near $8 for a rally toward the next resistance at $10.4 amid AI and Canary Staked Injective ETF developments. Traders must also keep an eye on rising trading volumes to confirm upside momentum.
CoinGlass data showed buying in the derivatives market in the last few hours. At the time of writing, the total Injective futures open interest jumped almost 5% in the past hour and almost 7% over the last 4 hours. The 24-hour INJ futures open interest is up nearly 11.30%. Notably, it increased more than 6% on Binance, 8% on Bybit, and 16% on OKX.
Also Read: Best AI Crypto Coins to Invest In Right Now For 2026
Injective přivedl $INJ do Backpack Wallet na Solaně, kde ho lze držet, posílat, přijímat i swapovat přímo v peněžence. Jde o součást snahy o nativní přítomnost na Solaně místo zabalených verzí tokenu.
Injective has brought $INJ to Backpack Wallet on Solana, giving users the ability to hold, send, receive, and swap the token directly through the wallet. The move is part of a broader push by Injective to establish a native presence on Solana rather than relying on wrapped or bridged representations of the token.
A Native SPL Token, Not a Bridge Workaround
Sunrise, built by Wormhole Labs, acts as a unified token gateway for Solana. Rather than letting each bridge produce its own wrapped representation of INJ with separate mint addresses and fragmented liquidity, Sunrise creates one universally recognised SPL token address per asset.
Expanding Access Across Solana Apps The Backpack Wallet integration is one piece of a wider rollout.
The Backpack Wallet listing adds a consumer-facing entry point to that multi-chain footprint, connecting Injective's liquidity to one of Solana's most prominent wallet interfaces.
Sources:
Crypto Briefing: Injective Protocol's INJ token goes live on Solana via Sunrise and Backpack Securities
Solana Compass: INJ Token Live on Solana via Sunrise, Now Trading on Raydium and Meteora
Crypto Times: Injective's INJ Token Surpasses $7.50 After Solana Expansion and ETF Filing
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-09-24 14:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Injective (INJ) network to support its network upgrade and hard fork to ensure the best user experience. The network upgrade and hard fork will take place at the block height of 184,394,000, or approximately at 2026-09-24 15:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-09-24
@injective's $INJ stakers have approved the Meridian mainnet upgrade by a near-unanimous margin, clearing the path for what the network's developers describe as its most significant institutional push to date. The governance proposal, designated IIP-701, passed on September 22 with roughly 99% support and is scheduled to go live on September 24, 2026.
Compliance Baked Into the Protocol The core of Meridian is a new regulated token standard on Injective's EVM layer.
The upgrade does not arrive in isolation. That regulatory milestone, combined with Meridian, positions the chain as a compliance-native venue for institutional asset issuance.
Private RFQ Testing and the Road to CypherOS In an RFQ model, institutional participants request prices from a select pool of market makers rather than posting orders to a public order book, offering better execution on large trades without moving the market.
The Meridian upgrade is the latest step in a deliberate sequencing strategy. For $INJ holders,
Sources:
Injective Meridian mainnet upgrade proposal passes with 99% support, Crypto Briefing
Injective Meridian Upgrade Aims for September 24 Mainnet Activation, KuCoin
Injective Meridian Upgrade Vote Targets September 24 Mainnet Activation, CryptoRank
Injective spouští Stockdrop: účastníci Community BuyBack, kteří uzamknou INJ, mohou navíc získat tokenizované akcie na Robinhood Chain. Každá adresa může dostat jen jeden Stock Token, bez ohledu na množství uzamčených INJ.
Today, we are introducing Injective Stockdrop. A brand new platform designed to reward loyal community members with tokenized stocks as they burn INJ forever.
This Wednesday, Injective is taking the INJ Community BuyBack one step further with Stockdrop, a first-of-its-kind event that brings community-driven burns, ecosystem revenue, and Stock Token rewards together in a single experience.
The Community BuyBack already puts the Injective community at the center of one of the most powerful tokenomics systems in crypto. Participants commit INJ, earn a pro rata share of revenue generated across the Injective ecosystem, and help permanently remove every committed INJ from circulation.
Combined with the INJ Supply Squeeze, these recurring burns create compounding deflationary pressure and position INJ among the most deflationary assets in crypto. The more the ecosystem grows, the more powerful the system can become.
Now participation unlocks even more. Every address that commits INJ to the Community BuyBack will also have a chance to receive a tokenized stock directly on Robinhood Chain. Different Stock Tokens will be available, including Stock Tokens linked to companies such as NVIDIA, AMC, and more. Connect your participating wallet after the BuyBack to reveal yours.
Help burn INJ, earn Community BuyBack rewards, and get a bonus Stock Token live on Robinhood Chain.
Powered by INJ.
What is the Injective StockdropStockdrop gives every address that participates in the Community BuyBack the chance to receive a Stock Token starting with Robinhood Chain.
Many different Stock Tokens are available. After the BuyBack concludes, connect the wallet used to contribute to the Community BuyBack to reveal your results. If you got a Stock Token, claims can be done right on the Injective Hub.
Claims for Stockdrop open at the same time as claims for Community BuyBack rewards - at the conclusion of the buyback and burn. The Stockdrop claim window remains open for one week.
How it Works1. Participate in the Community BuyBack
Kicking off September 23, visit Injective Hub, secure a slot, and commit INJ during the event window.
The existing Community BuyBack mechanics remain the same. Participants commit INJ and receive a pro rata share of the revenue generated across the Injective ecosystem. The committed INJ is then permanently burned following the event's conclusion.
2. Return when claims open
When the Community BuyBack concludes, return to Injective Hub. Click on the Stockdrop banner on the top of the Community BuyBack page.
3. Connect the same Injective wallet
Connect the wallet used to participate in the Community BuyBack. This will verify participation and display the Stock Token allocated to that address, if applicable.
4. Review your Stockdrop
The page will show the allocated Stock Token and the matching EVM address that will receive it on Robinhood Chain. Review the Stock Token and receiving address carefully before continuing.
5. Share on X & Claim
Select “Claim” to reveal the Stock Token allocated to your address. Next, share your social card displayed on X, paste the link to your X post in the space provided, and then sign to request your Stock Token.
No funds leave your wallet, and there is no fee to submit the request. The signature is not a token transfer or an approval to move your assets.
6. Receive the Stock Token on Robinhood Chain
Requests are reviewed and fulfilled in batches. Once approved and distributed, the Stock Token will arrive at the matching EVM address shown during the claim process.
The request status will change to show that it is queued for review. No additional signature is required while the request is being reviewed.
Stockdrop and the Community BuyBackStockdrop adds a new reward to one of Injective's core community events.
The Community BuyBack is a recurring onchain event that lets participants commit INJ in exchange for a pro rata share of ecosystem revenue. At the end of each round, the committed INJ is permanently burned while the revenue basket is distributed to participants.
Now, participating addresses receive both:
Their normal pro rata share of ecosystem revenueA chance to receive a Stock TokenThe BuyBack reward varies with each participant's INJ commitment. The Stockdrop is fixed at one Stock Token per address, independent of the amount committed.
FAQWho receives a Stockdrop allocation?
Every address that commits INJ to the Community BuyBack will also have a chance to receive a Stockdrop allocation.
Claim and delivery remain subject to the applicable product terms and jurisdictional restrictions.
When can I claim?
Claims open when the Community BuyBack concludes. The Stockdrop reward claim window remains open for one week.
Do I need to use the same wallet?
Yes. Connect the same wallet address used for the Community BuyBack so the Stockdrop page can verify participation and display the matching EVM receiving address.
Which Stock Token will I receive?
Different Stock Tokens are available spanning major publicly traded companies. Connect your participating wallet after claims open to reveal the Stock Token allocated to your address, if applicable.
Does signing the request move funds from my wallet?
No. The claim flow asks you to sign a message. No funds leave your wallet, and there is no fee to submit the request.
Will I receive the Stock Token immediately?
No. Claim requests enter a review queue and are fulfilled in batches.
Where will I receive the Stock Token?
The Stock Token will be delivered on Robinhood Chain to the matching EVM address displayed during the claim process.
How many Stockdrops can I receive?
Each address can receive only one Stock Token, regardless of the amount of INJ committed.
Is the Stockdrop separate from my Community BuyBack revenue?
Yes. The Stockdrop is an additional reward. It does not replace or reduce the pro rata Community BuyBack revenue allocated to the participant.
Will I need gas?
No. There is no fee to sign and submit the Stockdrop claim request. Stock Tokens will be sent directly to eligible addresses on Robinhood Chain.
Note: Onchain activity on Robinhood Chain may require gas, refer to official Robinhood Chain docs for more information.
Participate in the next INJ Community BuyBack, then return to Injective Hub after the event’s conclusion to reveal and request your Stockdrop.
Join the Community BuyBack
Important Product and Jurisdiction InformationINJ Stockdrop is an Injective community program and is not affiliated with, endorsed by, sponsored by, or officially connected with Robinhood Markets, Inc. Robinhood and related marks are trademarks of their respective owners.
Participation in Injective Stockdrop requires your agreement to the Injective Hub’s Terms of Service at injhub.com. Your participation in the Injective Stockdrop shall serve as your agreement to the Injective Hub’s Terms of Service. Decisions regarding this program are made in the sole discretion of the Injective Foundation and, by participating in the program, you agree to accept such decisions without any right of appeal and to hold the Injective Foundation harmless.
Robinhood Stock Tokens provide economic exposure to underlying securities but do not grant any legal or beneficial rights in, or against the issuer of, those underlying securities. Stock Tokens are not registered under U.S. securities laws and may not be offered, sold, or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, U.S. persons. Offers and sales of Stock Tokens are subject to restrictions in other jurisdictions, including, without limitation, Canada, the United Kingdom, and Switzerland.
About InjectiveInjective is the first blockchain purpose-built for finance, enabling users, institutions, and AI agents to trade, tokenize, and transact at scale. Proudly made in America, Injective provides foundational blockchain infrastructure for global markets, with embedded financial primitives spanning stablecoins, real-world assets, payments, and programmable perpetuals through a unified onchain engine. Injective is used by Fortune 500 companies, banks, fintechs, and governments to power an open economy where any asset can be accessed anytime, from anywhere. Builders can deploy across multiple virtual machines like WASM and EVM, connect to native financial modules, and launch markets with deep liquidity from day one. INJ is the native token powering the rapidly growing Injective ecosystem and the new internet economy.
Injective spustil přes Bitrefill on-chain platby u více než 8 000 globálních obchodníků. Platit lze nativním USDC na Injective za běžné nákupy, včetně Amazonu a DoorDash.
Injective has launched onchain payments to over 8,000 global merchants with its latest integration with Bitrefill.
The payments can be carried out using native Injective USDC, which today is the canonical standard on over 20 blockchains. Your onchain balance can now pay for everyday purchases, from DoorDash to Amazon.
Bitrefill brings an established crypto commerce platform to the Injective ecosystem. It has more than 1 million customers and a catalog of 8,000+ products across 180+ countries, spanning gift cards, eSIMs, payment cards, and phone refills.
LI.FI Pay powers the checkout connection. It routes USDC from Injective to the asset and network Bitrefill accepts, handling the required swaps and bridging within the payment flow. LI.FI reports more than $80 billion in total transfer volume across its network.
From Onchain Transfers to Everyday PurchasesThis launch builds on Injective’s earlier integration with LI.FI, which added INJ and native USDC to LI.FI’s routing infrastructure. That integration connected Injective to a network of 60+ chains and more than 1,000 applications and wallets. Bitrefill brings that connectivity to everyday spending.
The flow starts on Bitrefill. Choose a gift card, select LI.FI Pay at checkout, and choose USDC on Injective as your payment source. LI.FI finds the payment route, and you review the details in your wallet before authorizing payment. Bitrefill delivers the gift card after confirming payment.
How To Check Out with Injective USDCThis desktop walkthrough uses MetaMask and a $10 DoorDash USA gift card. Have MetaMask ready with USDC on Injective, and check the network fees shown during payment. The gift card in this example is redeemable only on DoorDash USA.
Step 1: Choose your Gift CardOpen Bitrefill’s US store and select DoorDash. Choose your gift card amount and quantity, then click Add to cart. In the cart, check the value and click Checkout. This example uses one $10 card.
Open DoorDash USA on Bitrefill
Choose the DoorDash USA gift card amount and add it to your cart.Step 2: Enter Your Delivery EmailEnter the email address where you want Bitrefill to send your order and receipt. Check the order summary, then click Continue after reviewing Bitrefill’s terms and privacy policy.
Add your delivery email and check the DoorDash order summary.Step 3: Choose LI.FI PaySelect LI.FI Pay from the payment methods. Confirm that the summary says Paying with LI.FI Pay, then click Continue to open the payment widget. Use this option to select USDC on Injective.
Select LI.FI Pay to pay from your Injective balance.Step 4: Select USDC on InjectiveIn the LI.FI widget, click Pay with. Open the additional networks button, search for Injective, and select it. Choose USDC from the token list. Check that Pay with now shows both USDC and Injective.
In this captured checkout, the amount at the top is USDC on Base, the asset Bitrefill receives. Your payment source is the USDC on Injective shown under Pay with. LI.FI routes between the two.
Confirm USDC and Injective under Pay with.Click Connect wallet and select MetaMask. Open your MetaMask browser extension and connect the account you want to use. Check the selected asset and network again after connecting.
Select MetaMask from the wallet chooser.Step 6: Review and Authorize Your PaymentReview the live quote and one all the details are confirmed, click the "buy" button before the timer runs out. If the timer, does run out, the quote will need to be re-created and the exact details could change.
Confirm Exact route and click "buy"Step 7: Receive Your Gift CardAfter Bitrefill confirms payment, open your gift card delivery and follow the redemption instructions. For DoorDash, sign in, open Gift Cards, select Redeem, and enter your gift card PIN.
Use your Injective USDC todayPurchase gift cards using Injective USDC today on Bitrefill.
About InjectiveInjective is the first blockchain purpose-built for finance, enabling users, institutions, and AI agents to trade, tokenize, and transact at scale. Proudly made in America, Injective provides foundational blockchain infrastructure for global markets, with embedded financial primitives spanning stablecoins, real-world assets, payments, and programmable perpetuals through a unified onchain engine. Injective is used by Fortune 500 companies, banks, fintechs, and governments to power an open economy where any asset can be accessed anytime, from anywhere. Builders can deploy across multiple virtual machines like WASM and EVM, connect to native financial modules, and launch markets with deep liquidity from day one. INJ is the native token powering the rapidly growing Injective ecosystem and the new internet economy.
POSCO International a LG CNS zvolily Injective pro první on-chain pilot obchodního financování, který úspěšně zpracoval pohledávky z reálné obchodní činnosti. AI agenti před emisí na chainu prověřili akreditivy a obchodní dokumenty.
POSCO International and LG CNS selected Injective for the first onchain trade finance pilot. AI agents reviewed Letters of Credit and trade documents before receivables were issued onchain. Injective is now an SEC-registered transfer agent, the first layer 1 to pair RWAs with recordkeeping. Injective has brought over $1 billion in real estate mortgages onchain, with more RWAs coming soon. Onchain trade finance now has its first pilot on Injective. South Korea’s largest trading company, POSCO International, and LG CNS selected the blockchain for the project.
The pilot successfully completed a transaction using trade receivables generated through real commercial activity. AI agents reviewed Letters of Credit and supporting trade documents during the process.
The receivables were then issued as programmable, permissioned onchain assets with compliance controls embedded directly into the infrastructure.
Injective Onchain Trade Finance Capabilities Injective shared the details in a post on X. The network said it is breaking new ground in tokenization. According to the post, its approach combines purpose-built RWA infrastructure, AI-powered finance, and regulatory rails on one unified network. The pilot forms part of that effort.
ICYMI: Injective is breaking new ground in tokenization by bringing purpose-built RWA infrastructure, AI-powered finance, and regulatory rails together on one unified network.
South Korea’s largest trading company, POSCO International, and LG CNS recently selected Injective as… pic.twitter.com/o8heyzCUOs
— Injective 🥷 (@injective) September 20, 2026
Injective said the pilot demonstrated what its infrastructure can power. These include programmable tokenized receivables, compliance controls, and regulated issuance rails.
The list also covers AI-assisted trade document review and institutional-grade onchain financial infrastructure. Together, these features supported the receivables issued during the pilot.
Trade finance supports more than $5 trillion in annual financing globally, according to the post. Injective said bringing these workflows onchain opens the door to modernizing one of the world’s largest financial markets.
The network listed faster settlement, greater programmability, and entirely new forms of RWA issuance as benefits.
Injective also said that trade finance is only one part of the story. The post then turned to other RWA developments alongside the onchain trade finance pilot. Those developments include a regulatory registration and a growing range of tokenized assets.
SEC Registration and Expanding RWA Footprint Injective is now an SEC-registered transfer agent. The network said this makes it the first layer 1 blockchain to combine native RWA infrastructure with regulated recordkeeping.
The recordkeeping capabilities are required by U.S. capital markets. The announcement appeared alongside the onchain trade finance update in the same post.
Beyond the registration, this infrastructure has helped bring over $1 billion in real estate mortgages to Injective. The network said the figure further expands its footprint across real-world assets. The mortgages are one of several asset types now available on the network.
To date, Injective has brought a growing range of assets onchain. These include institutional funds, public equities, trade receivables, and real estate mortgages.
Trade receivables entered that list through the recent onchain trade finance pilot with POSCO International and LG CNS. The network also listed pre-IPO exposure to companies such as SpaceX and OpenAI.
Injective said its goal extends beyond tokenizing individual assets. The network is building a full stack for compliant internet capital markets.
That stack covers issuance, trading, settlement, compliance, recordkeeping, and AI-powered onchain financial workflows.
It runs on one purpose-built network designed for the world’s largest financial institutions and everyday users. Injective added that new RWAs and deployments are coming soon.
Návrh Meridian Mainnet Upgrade na síti Injective prošel s podporou zhruba 99 % stakerů INJ. Návrh IIP-701 zavádí regulované tokenové standardy na EVM vrstvě Injective pro emisi reálných aktiv v souladu s předpisy. Upgrade je naplánován na 24. září 2026 v bloku 184 394 000.
Injective’s governance process just delivered one of those near-unanimous results that would make most democratic institutions jealous. Roughly 99% of INJ stakers voted in favor of the Meridian Mainnet Upgrade, clearing the path for what amounts to the blockchain’s biggest institutional play yet.
The proposal, designated IIP-701, introduces regulated token standards on Injective’s EVM layer designed specifically for compliant issuance of real-world assets. The upgrade is scheduled to go live on September 24, 2026, at block height 184,394,000.
What the Meridian upgrade actually does At its core, the v1.20.4 upgrade is about making Injective a place where institutions don’t have to choose between blockchain efficiency and regulatory compliance. The new features allow token issuers to bake regulatory requirements directly into their assets on the Injective EVM.
The upgrade also unifies what Injective calls “MultiVM markets,” enabling seamless trading and settlement for tokenized assets across different virtual machine environments.
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Meridian initiates early testing of private RFQ (request-for-quote) transaction flows. These are the building blocks for CypherOS, Injective’s planned privacy platform.
Beyond the headline features, the upgrade includes improvements to market execution mechanics, risk controls, and oracle reliability.
Building on regulatory groundwork The Meridian upgrade doesn’t exist in a vacuum. It arrives roughly five weeks after a potentially more consequential milestone: Injective Institutional Services received SEC transfer agent registration, effective August 19, 2026.
The timeline of Injective’s recent development cadence tells a story of deliberate sequencing. The Injective Mint tool launched in July 2026, providing the tooling for token creation. SEC transfer agent registration followed in August. Now the Meridian upgrade delivers the on-chain compliance rails to tie it all together.
The 99% approval rate, while striking, isn’t unprecedented for Injective. The prior Vulcan upgrade also received over 99% staker support.
Why institutions care about compliance-native chains Injective’s approach with Meridian is to make compliance a protocol-level feature rather than an application-level add-on. When regulatory requirements live at the token standard level, every application built on top inherits those protections automatically. Issuers don’t need to build custom compliance solutions for each deployment.
This positions INJ itself as a potential settlement asset for institutional RWA trading activity. If tokenized securities are being issued, traded, and settled on Injective, demand for the native token to pay transaction fees and participate in governance naturally increases.
With the voting window closed on September 22 and deployment set for two days later, the turnaround is notably fast.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
RAY za 24 hodin vzrostl o 15,19 % a krátce vystřelil na 1,85 USD, ale pak sklouzl zpět pod 1,80 USD. RSI je v překoupené zóně a další support leží u 1,64–1,66 USD.
Raydium rallied on the price charts as the broader cryptocurrency market saw green across the board.
In this case, the timing was particularly interesting. Especially since it followed Injective’s Solana expansion which strengthened RAY’s fundamentals. To be specific, Injective’s Solana launch introduced another potential source of trading activity for Raydium’s decentralized exchange.
Reportedly, Raydium joined the rollout as a day-one liquidity partner, granting Injective assets immediate access to Solana blockchain liquidity.
Here, it is also important to note that Raydium accounts for over 90% of memecoin DEX trading volume on Solana. In fact, its cumulative tokenized stock volume recently surpassed $5 billion on the blockchain.
The aforementioned integration will also enable participants to trade Injective ecosystem tokens through Raydium, eventually funneling additional swaps and liquidity.
For its part, RAY’s price gained by 15.19% over 24 hours. Its trading volume simultaneously surged by 125.5% too, hinting at greater market participation.
Are retail traders on board with RAY? While the altcoin’s price action did surge, so did the retail Futures activity. This pushed trading frequency into the “Too Many Retail” area. In fact, this metric’s reading implied that smaller traders increasingly entered Futures trading as RAY’s price pushed higher.
Furthermore, the 90-day Futures Taker CVD also maintained taker-sell dominance across the derivatives market.
Therefore, aggressive sellers likely started taking in profits after RAY’s sharp price appreciation.
Hence, retail traders chased the rally while taker activity revealed persistent selling. Taken together, these findings might imply possible exhaustion after the rapid price expansion.
Source: CryptoQuant What happened after RAY swept its swing high? On the 24-hour chart, Raydium’s [RAY] price rally extended by roughly 26.16%. Thanks to the same, it briefly hit the $1.85 swing high, before a retracement on the charts.
Notably, the move above previous highs appeared to grab nearby internal liquidity instead of establishing $1.85 as resistance. Subsequently, the price then slipped below the $1.80-resistance level, with the token trading at around $1.77 at press time.
The MACD indicator remained supportive after crossing above its Signal line. Furthermore, its positive histogram reading of 0.0341 suggested that the bullish pressure had not fully faded after the retracement.
The RSI indicator, however, breached 72.27, placing the token in overbought conditions.
Ultimately, reclaiming the $1.80-resistance would be crucial for an upside continuation. A sustained rejection, however, could instead reinforce the pullback as price gravitates towards denser lower liquidity.
Source: RAY/USDT, TradingView Downside liquidity strengthens pullback risk With reference to the technical price structure, RAY’s latest rally may have already collected much of the nearby upper liquidation liquidity. Attention can now shift towards the substantially denser liquidation concentrations below the press time price.
Notably, the strongest visible clusters can be seen around the $1.64–$1.66 region. All while the taker-sell dominance and overbought RSI conditions increased the significance of a rejection around the $1.80-area.
Persistent rejection around that key level could therefore push RAY towards the $1.64–$1.66 liquidity pool before another sustained recovery attempt.
However, such a correction would not invalidate the broader structure while $1.2202 remains protected.
Source: Coinglass Final Summary Injective strengthened Raydium’s growth narrative, but Futures sellers challenged the rally. RAY lost $1.80 after its daily swing-high sweep, increasing near short-term price correction risk.
SEC obdržela upravený formulář S-1/A pro 21Shares Injective ETF, který by po schválení mohl být uveden na burze Nasdaq pod tickerem TINJ. Fond má pasivně sledovat INJ a část držby i stakovat.
The SEC has received an amended registration statement for the 21Shares Injective ETF, moving the proposed fund one step closer to potentially becoming a publicly traded product. The amended S-1/A updates the original filing from October 2025, and would give traditional investors regulated access to INJ, the native token of the Injective Network.
If approved, the ETF would list on Nasdaq under the ticker TINJ. The fund’s strategy centers on passively tracking INJ token performance via the FTSE Injective Index, with an added twist: discretionary staking of a portion of holdings to boost returns.
What the filing reveals The 21Shares Injective ETF is structured as a Delaware statutory trust, sponsored by 21Shares US LLC. The original S-1 landed on the SEC’s desk on October 20, 2025, and this latest amendment keeps the registration active and updated as the review process continues.
The preliminary prospectus makes clear that shares haven’t traded publicly yet, and no financial statements are included at this stage.
The fund plans to stake a portion of its INJ holdings at its discretion, a strategy designed to optimize performance while staying within regulatory guardrails. Staking rewards for INJ ranged from 9.3% to 13.62% annually in 2025, which gives the ETF a yield dimension that most equity-focused products simply can’t match.
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As of September 1, 2026, the circulating supply of INJ stood at approximately 92.8 million tokens, with a market capitalization near $488 million.
21Shares and the altcoin ETF frontier 21Shares is no stranger to wrapping digital assets in traditional financial packaging. Among its existing products: a 21Shares Injective Staking ETP that has been available to European investors, making this US filing a logical extension of an existing product line.
The firm was also among the first wave of issuers to bring spot Bitcoin and Ethereum ETFs to US markets, partnering with ARK Invest on the ARK 21Shares Bitcoin ETF.
After spot Bitcoin ETFs launched in January 2024 and spot Ethereum ETFs followed later that year, asset managers have been racing to file for products covering Solana, XRP, Litecoin, Cardano, and a growing list of layer-1 and DeFi tokens.
Why INJ, and why now Injective is a layer-1 blockchain built on the Cosmos SDK, designed specifically for decentralized finance applications. Its focus areas include decentralized exchanges, derivatives, and cross-chain trading infrastructure.
The staking yield, hovering in the low double digits during 2025, provides a performance tailwind that pure price-tracking products can’t replicate.
The $488 million market cap is worth scrutinizing. For comparison, Bitcoin’s market cap is measured in the trillions, and even Ethereum sits comfortably above $200B in most market conditions. An INJ ETF attracting just tens of millions in assets could represent a significant percentage of the token’s total float.
The choice of the FTSE Injective Index as the benchmark is also notable. FTSE Russell, a subsidiary of the London Stock Exchange Group, has been expanding its digital asset index offerings.
Custody arrangements remain unfinalized according to the filing, which is another detail the SEC will likely want nailed down before giving any green light.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Injective Protocol ($INJ) je nyní dostupný v peněžence Phantom, takže uživatelé mohou přímo v peněžence držet, obchodovat, půjčovat i směňovat tokeny. Integrace otevírá $INJ širšímu retailovému publiku v ekosystému Solany.
@Injective Protocol ($INJ) has gone live on @Phantom, bringing one of the fastest-growing Layer 1 DeFi networks directly into the wallet that dominates the Solana ecosystem. The integration marks a meaningful step in making $INJ accessible to a far broader retail audience.
What the Integration Offers $INJ holders can now hold, trade, borrow, and exchange tokens directly through the Phantom browser extension or mobile app, with no additional setup required. Previously, accessing Injective's trading and tokenization tools typically involved navigating separate interfaces or bridging assets across chains. That friction is now removed for Phantom users.
Injective is built as an interoperable Layer 1 blockchain designed for Web3 finance, offering decentralized trading, smart contracts, on-chain governance, low fees, and asset bridging. Because it is built on the Cosmos SDK, it operates differently from standard EVM-compatible chains, which has historically made wallet support more complex to implement.
A Major Distribution Unlock for $INJ The choice of Phantom as an integration target is significant. Phantom is the most recognizable Solana wallet and holds 39.4% of the Solana wallet market, the largest single share among self-custody options on the network. The wallet previously closed a $150 million Series C round at a $3 billion valuation, backed by Sequoia Capital and Paradigm, at the time reporting 15 million monthly active users and $25 billion in self-custodied assets.
Through the integration, users can also access core Injective products such as Injective Hub and popular decentralized applications including Helix, all from within the familiar Phantom interface. For $INJ, this shifts the token from a more niche, chain-specific asset into one that sits comfortably inside the daily workflow of millions of Solana users.
The move reflects a broader trend of Layer 1 networks competing for wallet-level distribution, where embedding into high-traffic interfaces has become as important as raw on-chain performance.
Sources:
Phantom Wallet Statistics 2026: 15M Users, $3B Valuation, SQ Magazine
Phantom Wallet Statistics 2026: 17 Million Peak Users and $325 Million in Revenue, CoinLaw
Injective Phantom Integration Overview, Medium
Jupiter Exchange nově umožňuje swapovat INJ za SOL a SPL tokeny na Solaně bez wrapped verzí. Integrace běží na nativním INJ přes Sunrise bridge a byla spuštěna 17. září 2026.
INJ, the native token of the Injective protocol, is now swappable on Jupiter Exchange, giving Solana users direct access to the asset without needing wrapped versions or cross-chain workarounds. The integration went live on September 17, 2026, powered by Injective’s deployment on Solana through the Sunrise bridge.
How the integration works Jupiter’s routing engine aggregates liquidity from more than 20 Solana DEXes, including Raydium, Orca, and Meteora. When a user swaps SOL or any SPL token for INJ, Jupiter scans those venues to find the best available execution path.
The key detail: this is native INJ on Solana, not a wrapped derivative. The Sunrise bridge handles the cross-chain plumbing, minting INJ as an SPL token that behaves like any other asset in the Solana ecosystem. Users can hold it in Phantom, trade it on Raydium, or route swaps through Jupiter’s interface.
Jupiter’s Ultra mode layers on additional features for the swap experience, including auto-slippage adjustment and MEV protection. Auto-slippage dynamically sets tolerance based on market conditions, while MEV protection shields traders from sandwich attacks.
Raydium is listed as a launch partner, with additional DEX integrations expected to follow.
What this means for Injective and Solana Jupiter itself has come a long way since its October 2021 launch as a simple swap aggregator. The platform now offers perpetual contracts, lending services, and its own governance token, JUP, and its aggregation layer covers thousands of SPL tokens across more than 20 Solana DEXes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
INJ je nyní na Solaně jako SPL token přes Sunrise napojený na Backpack Securities. Solanští uživatelé s ním mohou obchodovat, poskytovat likviditu a stavět aplikace přímo na síti bez bridge.
Injective Protocol has taken a meaningful step toward becoming a genuinely multi-chain asset. The project’s native INJ token is now live on Solana as an SPL token, listed on Sunrise, a trading platform connected to Backpack Securities, opening the door for Solana users to trade, provide liquidity, and build with INJ directly on the network.
The SPL token, with mint address 1NJMqVM4PadjuzYmeB7zV7q7DV8oB3ExaQCd9x6KsLz, became operational around September 10-11, 2026, with active trading and liquidity pools appearing by September 17.
What actually happened here
Until now, accessing INJ on Solana meant routing through bridges to Injective’s Cosmos-based Layer 1 blockchain. A native SPL listing changes the math. Solana users can now interact with INJ the same way they would any other token on the network, no bridging required.
The initial on-chain supply for the SPL token sits between 131,000 and 140,000 tokens as of mid-September 2026. That’s a relatively modest float for now, consistent with a controlled rollout rather than a full market debut.
INJ’s broader circulating supply sits near 100 million tokens, with the market price fluctuating between $5 and $6 at the time of the listing. That puts the market cap in the mid-hundreds of millions.
Injective already had interoperability with Solana via existing bridges since its 2021 launch. The difference now is that the relationship is direct and native.
Why Solana, and why now
The Sunrise listing, connected to Backpack Securities, is worth noting because Backpack has been positioning itself at the intersection of regulated and decentralized finance. That alignment fits Injective’s own trajectory: the protocol has been expanding into real-world asset tokenization, with ongoing initiatives involving mortgage records and trade receivables, collectively representing over $1 billion in pilots.
Staking on the native Injective network has also reached an all-time high of 58.8 million INJ tokens. That number matters because it reflects a portion of the supply that is locked and not circulating, which has implications for how much token is actually available for trading on any given platform, including the new Solana listing.
Injective has also introduced USDC support alongside these developments, adding a stable-value option that makes the ecosystem more accessible to traders who want to stay in the Cosmos or Solana-adjacent DeFi world without touching volatile assets on every move.
What this means for traders and builders
The practical effect for Solana-based traders is straightforward: INJ becomes another composable asset in the ecosystem. That means it can be plugged into yield farming strategies, used as collateral in lending protocols, and traded against other Solana-native tokens without the overhead of cross-chain mechanics.
For builders, the listing opens the door to internet markets, Injective’s term for on-chain financial markets that operate without traditional intermediaries. Developers building on Solana can now incorporate INJ into their applications directly, rather than designing around a bridged version of the token.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Na Injective spustil Sprout nový tokenový launchpad, který umožňuje vytvářet a uvádět tokeny do ekosystému s cestou do Choice DEX. Projekt je přirovnáván k PumpFun na Solaně.
A New Launchpad Arrives on InjectiveA new token launchpad has entered the Injective ecosystem. Sprout (@Sproutsomefun) has launched a platform designed to streamline the process of bringing new digital assets to market on Injective's high-throughput network, drawing immediate comparisons to @PumpFun, the viral Solana-based token launch tool.
The concept is straightforward: give projects a structured, low-friction path to market. Sprout lets users create and launch tokens within the Injective ecosystem, providing tools to build initial liquidity and grow a user community ahead of any broader listing. Once a project reaches the required milestones, it moves into the "Choice" decentralized exchange ecosystem, offering a unified pipeline of tokens within the wider Injective financial system.
Why Injective Is an Attractive Home for a LaunchpadThe timing and choice of network are notable. Injective delivers transaction finality in approximately 1.3 seconds and supports throughput exceeding 10,000 transactions per second under optimal conditions. That kind of speed matters for a launchpad where early trading activity can be intense and unpredictable.
Injective is a smart contract platform for decentralized finance applications and an orderbook exchange protocol. Unlike many competing chains, Injective does not use an automated market maker formula to manage liquidity. Instead, it follows the order book model widely used across centralized stock and crypto trading platforms.
The Injective ecosystem includes more than 100 projects and over 500,000 community members globally. The arrival of a dedicated launchpad could add meaningful momentum to that growth, giving developers and communities a faster route to liquidity and visibility inside the network.
The broader model mirrors what @PumpFun achieved on Solana: reduce the barriers to token creation, let the market decide what gains traction, and provide a clear graduation path toward deeper liquidity. Sprout appears to be applying that same playbook to Injective, with the Choice DEX serving as the destination for projects that make it through the early phase.
Whether Sprout replicates the viral adoption seen on competing chains remains to be seen, but it fills a gap that has existed in the Injective DeFi stack and arrives on a network that is technically well-positioned to handle the load.
Injective uspořádá 29. září v Soulu oficiální doprovodnou akci KBW 2026 o tokenizaci a stablecoinech. Mezi hosty mají být LG CNS, SMBC Nikko Securities, Coinbase a BDACS.
Injective, a blockchain network focused on finance and interoperability, will hold an official side event during Korea Blockchain Week 2026 in Seoul on September 29. The invitation-only gathering aims to foster dialogue among policymakers, finance professionals, and leading Web3 companies about tokenization and stablecoin adoption.
Seoul event to spotlight tokenization and stablecoinsScheduled from 2 p.m. to 5 p.m. KST, the event features keynote speeches, a dedicated panel on tokenization and stablecoins, and networking opportunities for approved participants. The guest list includes major organizations such as LG CNS, SMBC Nikko Securities, Coinbase, and BDACS.
Industry stakeholders in South Korea have increasingly turned their attention toward digital asset regulation and security token offering frameworks. This event is designed to connect leading Korean companies with international blockchain projects, aiming to bridge local and global developments in tokenized finance.
Bringing together Korea’s domestic financial institutions with major blockchain players from across Asia and the United States, the event will explore how tokenization and stablecoin innovation can transform regulated finance and cross-border commerce.
Institutional partnerships strengthen Injective’s presence in KoreaInjective has expanded its footprint in Korea’s emerging digital asset sector. In July, POSCO International and LG CNS, two prominent Korean corporations, selected Injective for a live pilot using tokenized trade receivables to streamline receivables management. The upcoming Seoul event will build on this partnership, aligning tokenization efforts with broader market initiatives.
In September, Injective debuted Mint, a platform that allows institutions to issue and oversee tokenized assets on-chain while meeting compliance requirements. Mint lets users define new digital assets, establish user permissions, and transfer assets to the blockchain without custom development. Through these developments, Injective aims to support an institutional infrastructure for tokenized finance.
Mini dictionary: LG CNS is a leading IT services provider in South Korea, known for its work in digital transformation and blockchain integration across various industries.
Stablecoins, cross-network standards, and INJ token performanceStablecoins are set to be a central topic at the Seoul event. In September, Injective announced that its native USDC stablecoin became the default standard for Cosmos and dYdX networks, aiming to reduce fragmentation by creating a unified issuance channel for participating blockchain ecosystems.
For institutional finance, stablecoins are essential for providing liquidity in settlement, payments, and treasury operations. Injective has highlighted that its USDC infrastructure supports applications built on both EVM and Wasm architectures, enabling compatibility with different blockchain environments. This positions stablecoin settlement as a core part of Injective’s institutional offering along with tokenized asset infrastructure.
At last report, INJ, the native token of Injective, was trading near $5.52, with a market capitalization just above $552 million and a daily trading volume topping $102 million. Data showed INJ had climbed approximately 35% in the past 30 days, signaling renewed investor interest.
MetricCurrent (Sept)All-Time High (March 2024)ChangeINJ Price$5.52$52.75-89.46%Market Cap$552.03 million——Trading Volume (24h)$102.24 million——Despite the recent uptrend, INJ remains about 89% below its March 2024 high of $52.75. This suggests the token’s market recovery is still incomplete following earlier corrections.
The Seoul event may bolster institutional adoption for Injective, but sustainable network growth will depend more on active partnerships and measurable use cases than event attendance alone.
Pineapple Financial převedla na Injective část svého financovaného hypotečního portfolia, nyní 2 079 záznamů. Firma plánuje postupně dostat na blockchain celý historický soubor více než 29 000 hypoték v hodnotě přes 10 miliard USD.
Pineapple Financial Brings $1 Billion in Mortgages On-ChainPineapple Financial, trading on NYSE American under the ticker PAPL, confirmed on September 4 that it has moved a portion of its funded mortgage portfolio onto Injective, a layer-1 network built around financial applications. The migration currently covers 2,079 mortgage records, up from 1,259 when the initiative began in December 2025, with each record containing more than 500 data points per loan to support verification, audit trails, and risk analysis.
The move represents a different approach to real-world asset tokenization. Instead of creating a new investment product backed by mortgages, Pineapple is using blockchain infrastructure to record and verify existing loan information. The tokens do not represent ownership of the underlying mortgage loans. Instead, they represent records associated with the mortgage portfolio, creating an on-chain representation of loan data rather than a direct claim on the assets themselves.
Pineapple has disclosed plans to eventually migrate its entire historical portfolio onto the blockchain, which includes more than 29,000 funded mortgages valued at upwards of $10 billion. Beyond the mortgage tokenization program, Pineapple also maintains a $100 million treasury position in Injective tokens, with Kraken functioning as a key validator for its staked assets.
Injective Builds Out Its Institutional RWA StackThe milestone makes Injective one of the largest layer-1 chains by total value of tokenized real-world assets. RWA(.)xyz has begun listing Injective among the leading blockchains by tokenized asset value, a recognition that reflects the pace of the network's institutional partnerships over the past year.
Injective Mint, a platform that allows institutions to define, configure, and manage tokenized assets without writing custom smart contracts, is currently running in private alpha. At the protocol layer, Injective Mint extends the network's institutional infrastructure by providing a unified platform for issuing real-world assets with embedded compliance controls, allowing institutions to configure permissions, transfer restrictions, custody integrations, and governance systems through a single issuance workflow.
POSCO International, South Korea's largest trading company, and LG CNS, the technology arm of LG Group, selected Injective for an exclusive live pilot that issues, transfers, administers, and settles trade receivables generated by real international commerce. In August 2026, Injective also secured SEC registration as a transfer agent through its affiliate Injective Institutional Services, a credential that allows it to officially maintain records of security ownership, process transfers, and handle related administrative functions under SEC oversight.
Taken together, the Pineapple partnership, the enterprise pilots, and the regulatory groundwork signal that Injective is positioning itself as infrastructure for institutional asset tokenization rather than a platform aimed solely at retail crypto participants.
Sources:
CoinMarketCap: Pineapple Financial Tokenizes $1B in Mortgages on Injective Blockchain
Injective Blog: Injective is Now an Official SEC Registered Transfer Agent
CoinDesk: Pineapple Financial Starts Migrating its $10B Mortgage Portfolio Onchain via Injective
Injective aktivovala na mainnetu upgrade IIP-677 a spustila Injective Mint pro vydávání tokenizovaných akcií a dluhopisů v souladu s regulací. Změnu schválilo 72 % držitelů tokenů INJ.
Injective, the Layer 1 blockchain built specifically for decentralized finance, has activated its IIP-677 mainnet upgrade to version 1.20.3. The upgrade went live on July 29, 2026, after clearing governance with a 72% approval rate from token holders.
The centerpiece of the release is Injective Mint, a new tool designed to let issuers create tokenized equities and bonds that comply with SEC regulations.
What the upgrade actually does The IIP-677 upgrade touches several layers of the Injective stack. Cross-chain interoperability gets a boost, block times are reduced, and staking mechanics for INJ, the network’s native token, have been optimized. The upgrade also opens new revenue streams for the protocol itself.
Injective Mint is the most consequential piece. The platform enables compliant issuance of tokenized securities, backed by an SEC Transfer Agent filing and a MiCA compliance whitepaper. That dual regulatory posture covers both US and European frameworks.
INJ itself continues to serve multiple roles across the ecosystem: gas fees, staking rewards, governance voting, and a monthly community buyback-and-burn mechanism that reduces circulating supply over time.
The Vulcan prelude The Vulcan upgrade went live on June 9, 2026, setting the stage for IIP-677. That earlier release reduced transaction fees, introduced canonical USDC support, meaning native Circle-issued USDC rather than bridged versions, and launched new RWA-specific trading markets.
Canonical USDC matters more than it sounds. Bridged stablecoins carry smart contract risk from whatever bridge they crossed. Native USDC eliminates that intermediary, making the asset functionally identical to what you’d hold on Ethereum or Solana.
RWA traction by the numbers Injective reports over $6.8B in cumulative RWA trading volume across various asset classes as of mid-2026, with approximately $1.1B in represented tokenized asset value sitting on the platform.
Why compliance is the competitive moat Injective’s bet is that compliance will be the differentiator. Filing with the SEC as a Transfer Agent and producing a MiCA whitepaper are not trivial steps. They require legal infrastructure, ongoing reporting obligations, and a willingness to operate within frameworks that many crypto projects actively avoid.
The governance approval rate tells its own story. A 72% yes vote is comfortable but not unanimous, suggesting genuine deliberation among INJ holders rather than a rubber-stamp process.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Injective uvádí, že jeho RWA perpetual trhy od začátku roku 2025 přesáhly kumulativní objem více než 5,3 miliardy USD. V srpnu dosáhl měsíční objem 209,7 milionu USD, tedy 3,4násobku května.
TLDR: Injective’s RWA perpetual markets have generated over $5.3 billion in volume since early 2025. August 2026 RWA perpetual volume hit $209.7 million, 3.4 times May’s total trading volume. Injective runs 135 active RWA perpetual markets spanning equities, FX, commodities, and indices. CFTC cleared U.S. regulated futures for INJ, which now trade on the Bitnomial exchange. The U.S. Securities and Exchange Commission is moving to clear firms for regulated stock perpetuals. Injective called the shift a turning point for American markets.
The layer-1 network has settled onchain perpetual markets since 2021. New data from CoinGecko shows Injective’s RWA perpetual volume has topped $5.3 billion since early 2025.
SEC Moves to Clear Regulated Stock Perpetuals in the US Injective said the SEC’s move reverses a decade-long trend. Liquidity, talent, and builders had drifted overseas as U.S. rules lagged behind global markets.
The firm welcomed regulated companies like Kalshi entering the space for both digital assets and stocks. Injective framed the development as proof that American oversight can keep pace with onchain finance.
BREAKING NEWS FROM INJECTIVE
The SEC is officially looking to clear firms in enabling regulated stock perpetuals to enter the United States. This is a major turning point for American markets and a step toward bringing financial innovation back onto our shores.
For most of the… pic.twitter.com/xbNaZ4jMgx
— Injective 🥷 (@injective) September 11, 2026
Injective has settled onchain perpetual markets since 2021, longer than most rivals in the sector. It has powered more than $81 billion in trading volume across RWAs, stocks, and crypto combined. Every trade runs through a fully onchain orderbook that anyone can verify in real time.
Injective Institutional Services is now registered with the SEC as a transfer agent. That registration makes Injective the first layer-1 blockchain with an affiliated SEC-registered transfer agent.
The company said the move supports its broader push to bring regulated securities onchain.
The CFTC also cleared U.S.-regulated futures for INJ in recent months. Those contracts now trade on Bitnomial, the same exchange set to offer securities futures products.
Injective said the approval builds on years of work spanning perpetuals and tokenization.
Injective’s RWA Perpetual Markets Post Record Monthly Volume CoinGecko tracked the shift from crypto-only perpetuals toward broader asset classes over the past year. The market for actively traded crypto representations of traditional assets grew from $1.41 billion to $6.59 billion in eighteen months.
Trading volume across this segment hit $1.45 trillion in the first half of 2026 alone.
Injective runs 135 active RWA perpetual markets, all quoted against native USDC. That total includes 111 equity markets, 11 foreign-exchange markets, and nine commodity markets. Two index markets and two pre-IPO references round out the current lineup.
$INJ is up 40% YTD, while its RWA perpetual volume has scaled to $5.3B in cumulative trading.
In this article, we look at how @Injective's 135 active RWA perpetual markets, onchain orderbook, and unified liquidity are powering that growth.
Read the full article 👇…
— CoinGecko (@coingecko) September 11, 2026
Injective’s RWA perpetual markets have generated more than $5.3 billion in cumulative volume since early 2025, according to CoinGecko.
Monthly volume reached $186.5 million in July 2026. It climbed further to $209.7 million in August, a figure 3.4 times May’s total.
Selected U.S. equity markets on Injective run on a unified oracle stream updated roughly every two seconds. The feed blends pre-market, regular, after-hours, and overnight pricing into one stream.
Injective places orderbook management, matching, settlement, margin, and liquidation at the protocol level, letting new applications tap the same markets without rebuilding that infrastructure.
Injective spustila nativní USDC na mainnetu a Cosmos Hub, dYdX i Skip:Go z něj udělaly nový kanonický standard v ekosystému Cosmos. Na poplatky z Injective USDC navíc budou směřovat programatické zpětné odkupy ATOM.
Injective has launched native USDC on its mainnet via Circle’s Cross-Chain Transfer Protocol (CCTP), and the Cosmos ecosystem has collectively decided this is the new default. Cosmos Hub, dYdX, and the routing layer Skip:Go have all signed on, making Injective USDC the canonical stablecoin standard across a network of interconnected chains that previously relied on Noble for issuance.
The timing isn’t coincidental. Noble exited USDC issuance within the Cosmos ecosystem earlier in 2026, leaving a hole worth more than $100 million in associated stablecoin supply. Injective stepped in, and the rest of the ecosystem appears to have quickly agreed that one standard is better than a fragmented mess of wrapped alternatives.
dYdX goes first, and the numbers are big dYdX, the sovereign Cosmos appchain running one of crypto’s largest perpetuals platforms, was the first major chain to integrate Injective USDC. That means all perpetual positions, margin accounts, and profit-and-loss settlements now run on this single stablecoin rail.
The platform processes over $4 billion in monthly derivatives volume. Having that entire flow denominated in a single canonical USDC, rather than a patchwork of bridged versions, removes a class of risk that has historically plagued cross-chain DeFi.
Cosmos Hub and dYdX have signed on with a minimum four-year adoption window. That kind of timeline signals this isn’t a temporary patch while someone else builds a replacement. It’s infrastructure.
How the MultiVM standard eliminates bridging headaches One of the more technically interesting pieces of this rollout is Injective’s MultiVM Token Standard. In practical terms, it means the same USDC balance works natively across both EVM and Cosmos/Wasm environments without requiring users to bridge tokens between them.
Skip:Go, the routing layer that handles cross-chain transaction pathfinding across Cosmos, has adopted Injective USDC as its default. Migration tooling and IBC routing support are being extended to additional Cosmos chains and applications, with broader ecosystem adoption targeted for late August or early September 2026.
The ATOM buyback mechanism Perhaps the most strategically significant detail buried in this announcement: transaction fees generated from Injective USDC activity will fund programmatic buybacks of ATOM, the native token of Cosmos Hub.
This creates a direct economic link between stablecoin usage across the ecosystem and the value accrual of Cosmos Hub’s core asset. Every swap, every margin trade, every lending transaction denominated in Injective USDC contributes a portion of fees back to ATOM demand.
If dYdX alone processes $4 billion monthly, even a modest fee capture rate translates into meaningful ATOM demand over time. And that’s before accounting for the spot markets, liquidity pools, and lending protocols that are expected to integrate Injective USDC by September 2026.
What this means for the competitive landscape The broader context here matters. Circle has been aggressive about expanding USDC’s reach through CCTP, which allows native minting and burning across supported chains rather than relying on third-party bridges. Injective’s integration is a direct extension of that strategy into the Cosmos universe.
The four-year commitment from Cosmos Hub and dYdX also sends a signal to institutional players evaluating where to deploy capital. When a platform handling billions in monthly volume consolidates around a single standard with multi-year backing, it reduces one of the key risks that keeps traditional finance on the sidelines.
The risk, of course, is concentration. Injective now controls a critical piece of infrastructure for an entire ecosystem. If something goes wrong, whether technical, regulatory, or operational, the blast radius extends far beyond a single chain. That’s the trade-off for eliminating fragmentation: you get efficiency and simplicity, but you also get a single point of dependency that the ecosystem didn’t have before.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Kraken Opens a Direct USDC Bridge to InjectiveKraken has added native USDC deposits and withdrawals on Injective, giving users a direct path between the exchange and the network. Capital can now flow between Kraken and Injective without routing through another blockchain or relying on wrapped tokens.
The integration removes a step that previously added friction for traders moving stablecoins onchain. Kraken users can withdraw USDC directly to an Injective address and deposit it back through the same network, streamlining access to Injective's onchain markets.
Why Native USDC Matters for InjectiveThe Kraken integration builds on a broader shift for Injective that began in May 2026. , giving the network a regulated dollar asset issued directly by Circle rather than through a bridge.
Sources:
Kraken Blog: USDC deposits and withdrawals now available on Injective
Injective Blog: Native USDC and CCTP live on Injective
Circle Blog: USDC and CCTP are coming to Injective
@injective has announced that staking on its network has hit a new all-time high, with 58.8 million $INJ tokens now locked with validators. That figure represents roughly 59% of the protocol's fixed 100 million total supply, a level the team described as one of the highest staking ratios among layer-1 blockchains.
A Sharp Climb From 2023 The milestone marks a significant shift from where the network stood just three years ago. Staked supply has risen from approximately 42 million INJ in September 2023, with the bulk of that growth coming over the past several months. The climb reflects both growing confidence in the network and the structural incentives built into the protocol.
What a High Staking Ratio Means for the Network That dynamic has been reinforced by the protocol's burn mechanics.
The growing staking base has also attracted institutional attention. Separately,
Injective spustil no-code infrastrukturu pro tvorbu tokenů přes Trippy Pump a TokenStation. Tvůrci tak mohou vydávat aktiva bez programování smart kontraktů.
Two Protocols, One Goal: Lowering the Barrier to Token Creation@Injective has integrated two no-code protocols, Trippy Pump and TokenStation, to simplify on-chain asset creation for both retail users and developers. The move removes one of the more persistent friction points in crypto: the need for smart contract programming just to get a token off the ground.
Trippy Pump uses a bonding curve mechanism supporting $INJ, $USDC, and $SAI trading pairs. Once a project crosses a defined capital threshold, it is automatically graduated to @ChoiceXchange liquidity pools, providing immediate market depth without any manual intervention from the creator.
TokenStation, described by the Injective team as the first native token launcher on Injective, gives creators direct control over every parameter of their asset. Creators can set a token's name, symbol, logo, and initial supply, and can also manage mint and burn functions after launch.
Instant Price Discovery for Emerging AssetsThe practical effect of combining these two tools is that meme tokens and experimental assets can now reach live markets with price discovery and liquidity in place from day one. The new infrastructure removes that requirement entirely.
The integration sits within a broader period of active development on Injective.
Together, Trippy Pump and TokenStation position Injective as a destination for permissionless asset launches, competing with similar launchpad infrastructure on other Layer 1 networks while keeping the process accessible to non-technical users.
Sources:
Injective Blog: How to Launch a Token on Injective
Injective Docs: Token Launch
TokenStation Official App
