Injective (INJ)

DeFi Rank #32 🟡 MODERATE
5.8/10

Score Breakdown

Unlock10/10
Tokenomics9/10
Insider7/10
Onchain2/10
Dev Activity2/10
Revenue3/10
Institutional6/10
Etf5/10
Market Structure7/10
Security7/10

Analysis

Injective's deflationary tokenomics accelerated with IIP-617 increasing the burn rate to 12% in March 2026, removing 2.1M INJ from circulation monthly. The inEVM upgrade enabled full Ethereum compatibility, attracting major DeFi protocols to migrate. Pineapple Financial's $2M investment was followed by additional institutional backing totaling $15M. TVL reached $180M with new derivatives and RWA trading products. The network processed $2.8B in trading volume during Q1 2026, demonstrating strong product-market fit.

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