What to know:
- Injective’s market capitalization has more than doubled over the past three months as stablecoin infrastructure and tokenization initiatives gain attention.
- Native USDC and CCTP integration are driving a shift toward deeper liquidity and easier capital movement across the Injective ecosystem.
- Long-term cycle analysis suggests INJ could be entering another accumulation phase, with some market watchers targeting a potential return toward previous highs.
Injective (INJ) is attracting renewed attention after its market capitalization climbed more than 100% over the last three months, supported by expanding stablecoin infrastructure and growing interest in tokenized financial assets.
One of the developments that Saitama mentions is that on May 7, native USDC and CCTP were introduced in the Injective mainnet.
The integration will enable USDC, which is backed by Circle, to be minted right on the network to have a single standard of a stablecoin for DEXs and trade applications.
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Native USDC Expansion Supports Injective’s Financial Market Vision
Injective has now shifted its attention to other markets aside from the decentralized finance sector. The network provides support for spot trading, perpetual futures, real assets, foreign exchange, and tokens.
Yet another market analyst, DukeD, mentioned that while Injective has more ambitious plans, many investors continue to perceive it as one more Cosmos-based DeFi chain.
The analyst pointed out that Injective is paying attention to tokenized equities, commodities, and private market products.
Injective’s attention is directed toward the tokenomics of the project. The number of INJ that are being staked exceeds 56.6 million, reducing the circulating supply and generating income for the holders.
Source: X
Furthermore, the platform employs mechanisms such as burn auctions and token buyback via ecosystem fees to decrease the total number of tokens in circulation.
However, the liquidity of the stablecoins is still relatively low at $18 million, while the protocol’s revenue is lower compared to that of larger DeFi protocols.
Long-Term Cycle Pattern Points to Potential Recovery
Technical analysts are paying attention to a recurring pattern in the INJ chart per week. Before, it was seen that all-time highs were reached after 1,043 days.
This is believed to be a periodic cycle that will repeat itself sometime. The first major peak was in the bull market of 2021, while the second occurred in 2024. Since then, the INJ has dropped significantly, re-levered itself, and returned to regular accumulation zones.
Source: X
Technical analysis implies that, assuming the cycle maintains its timing, a large cycle high may occur by late 2026 or early 2027. Some forecasts suggest that there is potential for hitting $80-$90 in the area of the long-term uptrend line.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
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