Injective Surges to Three-Month High as Staked Supply Hits New ATH
Injective has seen significant growth in recent days, with its price surging 13% to reach a three-month high of $6.7. This increase is largely driven by a surge in trading volume, which rose by 172%, reflecting increased capital deployment and market activity.
The altcoin's success can also be attributed to the growing demand for staking, with over 58.8 million INJ tokens worth approximately $370 million now staked on-chain. This represents almost 59% of the total supply, which has led to a significant decrease in available tokens for immediate selling.
As Injective expands its user base through integrations like Robinhood Crypto, network activity is growing, particularly driven by real-world asset tokenization. The chain has now tokenized over $1 billion in residential mortgage records and aims to migrate over $10 billion in assets in the coming months.