Welcome back to the Injective Overview. In this edition, we dive into our Injective quarterly webinar with Brandon Goss, head of research at Injective, and John Medel, the chair of Injective Policy Institute. We also explore the ecosystem’s monthly token burn and other livestreams.
New here? Subscribe to get updates to your inbox, every other Monday.
Injective By The Numbers
$INJ price: $4.72 (+1.3%)
Token market cap: $472.3M (+1.3%)
Total $INJ staked: 56.5M (-0.6%)
Staking APR: 6.35% (+0.5%)
Injective daily trading volume: $30.9M (+14.8%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting The Biggest Developments
🥷 What’s happening: Injective’s annual summit, slated for July 16, will be held in Washington, D.C. in an apparent effort to bring together policymakers, institutions, and the crypto industry under one roof. The event will feature programs with a focus on tokenization and onchain finance.
🥷 Why it matters: With an eye towards helping the industry form the rules around digital assets, the summit will help Injective work with lawmakers in order to reduce misunderstandings around DeFi, John Medel, chair of the Injective Policy Institute (IPI) said during the Injective Quarterly Webinar with Token Relations.
“One of the key issues we've found while participating in the debate going on in Washington, is that there's a lot of misunderstanding about DeFi, and [the IPI] is trying to make sure that the educational level is increased and frankly amplified,” he said.
With the summit, Medel said the goal is to be in the room rather than react to it: "It's critical that we not just be heard, but we are part of developing the legislation and ultimately the rules that will govern this technology moving forward.”
Based in Washington D.C., the IPI is trying to solve a persistent problem in policy conversations: a preference for leaning on traditional finance analogies to describe blockchain systems, which often don't behave like their off-chain counterparts. "It might sound good on paper, but in practice, it's totally different," Brandon Goss, head of research at Injective, explained.
Goss said he offsets that by illustrating crypto’s growth and potential to lawmakers with data. For instance, telling policymakers “perpetuals are coming” carries little weight on its own, but showing the numbers and the reason behind it is more effective.
“When perpetuals are trading a quarter trillion dollars [of volume] a month, it sort of gives you somewhere to level with them, to put things in perspective for them, to engage in those conversations,” Goss said.
Goss made the same point about tokenized credit, which he said has grown from the low hundreds of millions at the start of the 2025 to nearly $7 billion onchain today. "That kind of gets the attention and gets the conversation going," he said.
🥷 The bigger picture: The Injective Summit comes at a time when regulators are moving to shape rules that would affect Injective's core markets.
Around the same time the IPI was formed, the CFTC approved the first regulated U.S. crypto perpetual contracts, a market Injective has focused on since inception. The summit aims to gather institutional allocators and the lawmakers writing digital-asset policy under one roof, potentially helping the network bolster its efforts in Washington D.C over the past few months.
Expanding The Financial Ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Injective completed its July Community BuyBack, removing 43,499 INJ from circulation. Monthly token burns reduce the circulating supply, improving asset scarcity and deflation.
Socket identified an attempt to insert harmful code into Injective's software toolkit that was designed to steal crypto wallet credentials from developers who might install it. Injective's security systems caught the issue and removed the tampered version before users could download it.
Explore Injective’s institutional overview here
From The Injective Ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
CoinGecko published a report about Injective’s trading performance so far this year, specifically how much the network has facilitated trades across spot, equities, derivatives, perpetual futures, and commodities.
Injective hosted a livestream on how to integrate Circle’s USDC and CCTP in onchain apps.
Eric Chen, co-founder and CEO of Injective, spoke on a livestream about why L1 blockchains need to specialize in order to stand out, and the progression and diversity of the kind of assets coming onchain.
Dive Deeper Into Injective
Want to get involved in the ecosystem?
Find the latest job postings on Injective Labs here
HackQuest is hosting a two-week developer hackathon, centered around applications that use x402, CCTP, MCP Server or Agent Skills.
Check out Injective’s developer documents for AI agents and integrating the x402 payments protocol.
Explore Injective’s institutional overview here
Until next time!
Hit reply and let us know how we did! What was your favorite part of the newsletter? Our founder reads every response.
To get this newsletter delivered to your inbox, subscribe here:
This product was built by StrataMedia.
This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.
