It seems that Injective, one of the crown jewels of the crypto ecosystem, has just put all its cards on the table with a technological and financial play that could send it to the moon... or leave it waiting at the bus stop. This is not just code; it's the new battle for big money. 🚀
Will the volume of derivatives on Injective surpass $10 billion in the first quarter of 2026, a threshold that has historically been associated with price increases of up to 3 times? 🤔
The strongest move was to light up its Main EVM Network. To understand: Injective, which lives in the Cosmos universe, has now opened the big door to Ethereum developers (EVM stands for Ethereum Virtual Machine, the technology used by almost all decentralized applications or dApps). It's like they had a house in the countryside and suddenly someone built a direct highway to the capital. 🛣️
More than 40 projects have already moved, which is a sign of appetite. The downside is that it competes with already established giants like Avalanche, so they need to get their act together and ensure that this growth doesn’t remain just on paper. Watch out for this: if the weekly trading volume in their decentralized exchange (DEX) doesn’t exceed $100 million (it’s currently at $84.3M), the market could start to doubt.
The SEC's Bet
This is where things get interesting: there is an INJ ETF with staking waiting for the SEC's green light (the U.S. regulator). An ETF is a fund that trades on the stock market and allows large investors, and your aunt, to buy Injective without needing to have a crypto wallet. If they approve it, it’s a golden key for a wave of brutal institutional money to flow in, like what happened with Bitcoin. If they say no, the price could drop to earth quickly, like what happened to SOL. 📉
The plans to quote on Cboe (a giant exchange) reflect that there is confidence. The SEC's decision is the event that literally shakes the board.
Fewer Tokens, More Value
Despite the regulatory fog, Injective continues with its deflationary tactic: they burned 6.78 million INJ tokens in a month (valued at $39.5 million in November). Burning is permanently removing coins from circulation, making the ones left worth more, as if raising the price of the last phone left in the store. 🔥
Of course, Binance's move to remove some trading pairs (reducing leveraged volume) put a bit of pressure on the market. But the scarcity generated by those sustained burns could be the ace up the sleeve that reactivates the bullish momentum.
And what does this matter to us?
If you are an investor, Injective is showing you its medium-term growth strategy: attract institutional capital (ETF) and developer talent (EVM), while reducing supply. It's a double play. Now is not the time for panic because the relative strength index (RSI) suggests that it is oversold, meaning it's cheaper than it should be.
But it’s not a blind purchase. You need to watch that developer growth translates into real volume and that the SEC doesn’t throw us a cold shower. Your approach should be that of a strategist: the technology is there, the burn works, but the regulatory traffic light and the real traction of the dApps will decide if this is a rocket or a balloon that is slowly deflating.
We are in the transition from being a technological promise to being a heavyweight platform. Will they rise to the challenge?
