@Injective al December 5, 2025, is in a fundamental validation stage following key launches in November. The platform is immersed in a MultiVM Ecosystem Campaign aimed at catalyzing the migration of liquidity and Ethereum-compatible developers to its new native EVM layer, translating technological innovation into tangible growth of Total Value Locked (TVL).

This effort is supported by recent milestones, such as the volume of $6 billion in trading of perpetual Real World Assets (RWA), underscoring Injective's role in institutional tokenization.

Furthermore, the deflationary tokenomics continue to be a powerful engine, with massive buybacks and burns of tokens #Injective🔥 valued at tens of millions of dollars in the last month.

However, the token $INJ struggles against the overall bearish market pressure, evidenced by the removal of certain leveraged pairs on major exchanges like Binance, indicating that market adoption and price stability are still subject to overcoming the risk aversion sentiment in the global crypto sector.