Injective

INJ#84Real-world assets Layer 1 Smart contract platforms Privacy AI

Confirm official data

$7.22

+14.1%past year

Code is moving, $209K in fees this month, sources agree.

Code

306+ commits in 90 days from 17 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1

Last push: Nov 5, 2026

InjectiveLabs · official site, CoinGecko, CoinMarketCap

Usage

$209K in fees over 30 days

Fees paid on this chain. Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Oct 29Oct 28

Revenue, 30d: $209K
TVL: $22M

Numbers

CoinGecko and CoinMarketCap agree

CGCMC

Price$8.04$8.03Agree

Supply100M100MAgree

Mcap$804M$803MAgree

Volume$94.9M$97.5MAgree

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $804M of $804M is real

Selling everything at 2% a day would take 31 days.

Paper (all tokens)$804M

Market cap$804M

Real$804M

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price.

Where it lives

15 tokens under its ticker that no list knows

Home contract: Ethereum 0xe28b…ca306 official deployments

HomeEthereumInjective Token 0xe28b…ca30$638K

OfficialSolanaInjective 1NJMqV…KsLz$301K

OfficialBNB ChainInjective Protocol 0xa2B7…d495$114K

UnknownSolanaInjective DRAXGS…jnZv$14.1Kclaims $187M

UnknownSolanaINJ BeYA9P…pNsh$25.2claims $99.3Mcan freeze

UnknownSolanaInjective 6VuoAx…P9Tv$21.2claims $460M

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$51.5M in open futures, 6.4% of the market cap

Closing them all by force would take 2 days of 2% sell depth.

Funding, 8h: +0.01% · longs pay shorts
Futures volume: $136M · 1.4× the spot volume · open interest turned over 2.6×
Liquidated, 24h: longs $7.11K · shorts $44K
Venues: Bybit, OKX, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

Where Hyperliquid positions get liquidated

longs, closed below the priceshorts, closed above

within 5%: longs $0 below · shorts $0 above

4 open positions of the largest accounts and busiest traders, whose liquidation prices Hyperliquid publishes. Exact, not a model, but Hyperliquid only.

On-chain