Say something @Injective , this guy has been stirring things up since he was hatched in 2018. Unlike those projects that dive headfirst into meme coins or NFTs, Injective is fundamentally tailored for finance as a Layer-1 chain. Its selling points? Zero gas fees, sub-second block times (averaging 0.64 seconds), and built on the Cosmos SDK, making transactions as fast as drinking coffee. Think about it, in traditional DeFi, old problems like cross-chain bridge bottlenecks and fragmented liquidity basically don't exist on Injective. It not only supports perpetual contracts and prediction markets but also launched its native EVM mainnet on November 11, 2025. This means developers can write code in Solidity and conveniently call Injective's native financial modules, such as CLOB (Central Limit Order Book) and iAssets framework. The result? A plethora of dApps in the ecosystem, from Helix mobile wallets to the iBuild developer platform, with trading volumes skyrocketing, having processed 2.6 billion on-chain transactions.

But #Injective the real skills are still being exerted on RWA. The report mentions that starting from early 2025, the trading volume of Injective's RWA perpetual contracts surged by 221%, with a total of 6 billion U.S. dollars within 10 weeks, and it is expected to reach an annualized rate of 6.5 billion by the end of the year. Why is it so fierce? Because it brings 'offline assets' like stocks and company equity onto the chain, and adds leverage gameplay. For example, the stocks of the Magnificent 7 (those giants like Apple and Microsoft) accounted for 42.6% of the share in perpetual contracts, with Microsoft alone contributing 510 million in trading volume. Even more astonishing is the digital asset treasury perpetual launched in July (like companies such as MicroStrategy that hoard Bitcoin), which broke 360 million within a week; the Pre-IPO market in October allowed unicorns like OpenAI and SpaceX to appear on the chain for the first time. Users can use 4000 dollars as principal to play with 25 times leverage, which is much more convenient than the excessive collateral of traditional synthetic protocols.

Why is Messari focusing on Injective? As the 'intelligence agency' of the crypto research community, Messari has been relying on data and reports since 2018. In their annual report (Crypto Theses 2025), RWA is listed as the number one narrative: the total value of on-chain RWA has exceeded 35.7 billion, rising by 2.9% in 30 days. Messari not only writes reports, but also develops AI tools like Copilot that can analyze market signals in real-time. This report on Injective is like their 'in-depth reconnaissance'. They not only analyze data but also identify pain points: traditional RWA protocols have shallow liquidity and high collateral rates, while Injective maximizes capital efficiency through professional market makers and separated collateral. In simple terms, Messari is not endorsing Injective but using their research framework to stamp a 'feasibility seal' on Injective's RWA infrastructure.

The cooperation between these two, on the surface, seems to be a combination of reports and analysis, but at its core, it is an ecological complement. Injective provides high-performance 'hardware'. The multi-VM architecture allows EVM and Cosmos developers to collaborate seamlessly, bridging assets from chains like Solana and Ethereum with zero friction; Messari contributes 'software'. Institutional-level data and insights help Injective attract more institutional players. Consider the macro environment in 2025: after Trump takes office, crypto regulation loosens, ETF inflows accelerate (Grayscale GBTC finally turns positive), and stablecoin legislation is on the horizon. As a key bridge between TradFi and DeFi, Injective's model is perfectly positioned: it does not sell the 'illusion of ownership' but provides economic exposure through perpetual contracts, with low thresholds and high efficiency. Once Messari's report is released, the market reacts immediately.$INJ The trading activity of tokens has surged in the short term, and developer community feedback indicates that the iAssets framework is more user-friendly.

Putting RWA on-chain sounds beautiful, but in reality, regulatory and compliance pitfalls still need to be navigated. Although Injective has endorsements from validators like Google Cloud and Hex Trust, the protocol upgrades in 2025 (versions 1.14.0 and 1.14.1) have also addressed security gaps, but global RWA standardization is still a long way off. Messari also admits that meme coins will still be hot in 2025, but infrastructure like Injective and Solana, which are high-throughput chains, is the confidence for meme trading not getting stuck. In the long run, what can this cooperation leverage? Perhaps it will lead to more Pre-IPO markets being established, allowing retail investors to 'bet' on SpaceX's rocket dream; or perhaps it will be the integration of AI x RWA, with Messari's Copilot directly embedded into Injective dApp, helping users optimize leverage strategies in real-time.