@Injective When you break down the current Injective data, staking stands out as one of the strongest indicators of long term confidence. A significant percentage of circulating INJ remains locked in staking, which reduces liquid supply and creates a steady base of holders who are committed to the network.
This trend hasn’t faded; in fact, staking has slowly increased month over month, showing that more participants see value in securing the network and earning rewards.
Active user data also paints a positive picture. Wallet activity has grown at a slow but steady pace, which is usually a healthier sign than sudden spikes driven by hype. Each new user adds to transaction counts, staking cycles, and smart contract interactions all of which push the ecosystem forward.
These numbers climbed even faster after Injective enabled EVM support, making it easier for developers to deploy apps and bring in more users.
On the supply side, the deflationary model is quietly doing its job. Burn events tied to network activity gradually reduce circulating supply, enhancing long term scarcity. The combination of high staking and periodic burns means available supply is tightening while user activity grows a setup that many analysts consider a long term bullish signal.
INJ isn’t moving based on speculation right now; it’s moving according to real data. The fundamentals look healthier each month, backed by organic usage and consistent participation from both developers and holders.
