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The Cryptomath 🎠@TheCryptomath on x 29.6K followers
Created: 2025-06-06 14:38:03 UTC
X. Report Header Project Name: Injective @injective Ticker: $INJ
X. Executive Summary Injective is a high-performance Layer X blockchain built with the Cosmos SDK and optimized for DeFi applications. It stands out with its native on-chain order book, near-zero fees, and extensive interoperability via IBC and Ethereum bridges. Backed by Binance, Pantera, and Jump, it powers a growing ecosystem of DEXs, oracles, and derivatives protocols. The highly deflationary $INJ token has gained strong speculative interest.
X. Section Findings Overview – Injective is purpose-built for high-frequency DeFi with native orderbook infrastructure and multichain connectivity.
Team & Backers – Founded in 2018 by Eric Chen (ex-NYU, Innovating Capital). Backers: Binance Labs, Jump, Pantera, Hashed, Mark Cuban.
Fundamentals – TVL: ~$130M Developer Activity: Active, consistent commits Revenue: Growing, notably via injective(.)pro Adoption: Multiple live DEXs (Helix, DojoSwap) Team Size: 40+ Usage: Steady upward trend
Token – Price: ~$25 Market Cap / FDV: ~$2.4B / ~$2.5B Circulating / Max Supply: 91M / 100M Listings: Binance, Coinbase, Kraken (CEX); Astroport, Helix (DEX) Utility: Staking, fees, governance Tokenomics: Dynamic burn mechanism (60% of fees)
Competitors & Partnerships – Competitors: Sei, dYdX, Osmosis Partners: Pyth, Wormhole, Helix, Kado, Google Cloud Ecosystem: Strong and expanding
Milestones, Catalysts & Risk – Catalysts: Growth of derivatives markets, L3 integrations via IBC Risks: Heavy reliance on DEX volume, ecosystem centered around Helix
Socials & Community – Twitter: 380k+, strong engagement Telegram: Active Mindshare: Good media and influencer coverage
Chart – Strong rally through 2023–2024, currently consolidating Outperformed BTC over multiple timeframes Consistent volume, active trader interest
X. Scoring Table Addressable Market & Value Proposition – Clarity & Focus – 9/10 Addressable Market & Value Proposition – Value Proposition Strength – 9/10 Tech & Differentiation – 9/10 Product & Development Activity – 9/10 Team & Backers – 9/10 Growth Numbers – 8/10 Risks – 6/10 Runway & Financial Stability – 8/10 Project Partnerships & Ecosystem – 8/10 Competition Positioning – 7/10 Next Milestones & Catalysts – 7/10 Socials & Community – 8/10 Chart Technicals – 8/10
X. Weighted Final Score 👉 XXX / XX
X. Investment Outlook Speculative Buy – A mature DeFi L1 project with strong tokenomics and a growing ecosystem. Fits well in a diversified portfolio with a DeFi tilt.
XXX engagements
Related Topics inj binance coins interoperability onchain cosmos blockchain ticker $inj