Injective
INJ#74INJ is the coin of Injective, a proof-of-stake blockchain for trading apps, used to pay fees, secure the chain and fund token buybacks.
- Market cap
- $759.85M
- Volume 24h
- $128.73M
- All-time high
- —
- Circulating supply
- 99.97M
Passes our Shariah screening. Needs caution: usage and benefit and harm (maslahah). Fails: business model.
- 5 pass
- 2 caution
- 1 fail
Verdict history
- HalalCurrent
First publication
Fundamentals, market picture and news will appear here.
AI Insight
Fundamentals: Moderate
Injective is a finance-focused layer 1 with active development and a fee-funded burn, but inflation sits at its 4.4% cap and on-chain TVL is small next to its market value.
Reviewed every 3 months and on major eventsNews: Positive
Injective had an active product period: an affiliate registered as an SEC transfer agent, mortgage records were brought on-chain, INJ was launched on Solana and tokenised stocks went live.
Reviewed monthly and when something material happens- PositiveInjective launches Stockdrop for tokenised stocks on-chainAdds tokenised equities to the network, extending its focus on real-world assets beyond crypto-native trading.
- PositiveINJ launches on SolanaMakes the token available on another large network, which can widen its user base and liquidity venues.
- PositivePineapple Financial brings over $1 billion of mortgage records on-chain via InjectiveA listed mortgage firm converted records from more than $1 billion of residential mortgages into on-chain data assets (not new securities), an institutional use case.
- PositiveInjective affiliate registers with the US SEC as a transfer agentInjective Institutional Services can keep the official ownership record of tokenised securities issued on the network, a step toward regulated issuance.
Price & market
INJ trades near 7.37, inside the current zone of 7.18–7.56 and within the risk zone of 6.84–8.12. The trend is up and the price is well above its 50-day and 200-day averages after a 49.6% gain in 30 days, but it fell 8.7% over the past week. Support comes from an active core team and new uses such as tokenised stocks and mortgage records. The main threats are very high volatility, a stretched price and on-chain activity that is small next to market value. For the next 2 to 12 weeks, the potential is unfavourable: about 10.2% to 8.12 against about 24.4% to the revision level of 5.57.
- Review level
- $5.57
AI-assisted analysis. Not investment advice.
Technical analysis
4HThe trend and key levels appear once 200 candles close. About 6 days to go.
Where it trades
Section in preparation
Similar halal assets
Halal verdict, same category
