Watchlist Scored and tracked, but not rated for deep research yet — no full analysis. A coin moves up when its verdict reaches Moderate (6.0+) without an unlock-risk flag.

Injective (INJ)

DeFi Rank #27 CAUTION

5.9 /10

Score breakdown

Unlock	10/10
Tokenomics	9/10
Insider	7/10
Onchain	2/10
Dev Activity	2/10
Revenue	3/10
Institutional	6/10
Etf	5/10
Market Structure	8/10
Security	7/10

Analysis

Injective's deflationary tokenomics accelerated with IIP-617, which raised the burn rate to 12% in March 2026, removing roughly 2.1M INJ from circulation monthly and pushing circulating supply dynamics increasingly deflationary (~75% circulating). The inEVM upgrade enabled full Ethereum compatibility, facilitating migrations of existing DeFi protocols onto Injective's infrastructure. Institutional interest has grown, highlighted by Pineapple Financial's treasury allocation into INJ as part of a broader corporate crypto-treasury strategy. The combination of aggressive burn mechanics and expanding EVM compatibility has supported INJ's relatively strong standing versus peers. Risks include dependence on continued DeFi migration momentum and sensitivity to broader altcoin market conditions.

Disclaimer: This analysis is for informational purposes only and is not investment advice. Crypto investments carry high risk. DYOR — Do Your Own Research.