Crypto
Injective Fees Plunge Amid Stagnant Price
Injective's crypto fees have plummeted 88% over the past seven days, dropping by 70.38% in just one day, according to recent data from DefiLlama-style fee tracking.
The price of Injective has been stuck near $4.88 for several weeks, with no clear direction in sight, and this decline in fees raises questions about whether the current level is supported by genuine demand or simply a lack of aggressive selling.
On-chain data indicates that trading activity on the protocol is cooling down rapidly, which could be a cause for concern given the relatively stable price levels.