Injective Records $12.86 Billion in Fifth-Year Onchain Trading

Injective processed $12.86 billion in onchain trades during its fifth year, including $1.8 billion in real-world asset perpetuals, as network upgrades expanded trading and token issuance capabilities. The trading period ran from November 2025 to November 2026. Injective marked five years since its mainnet launch on Nov. 8. Launched in 2021, the finance-focused blockchain supports markets for cryptocurrencies, tokenized stocks, foreign exchange and commodities. Transactions settle in USD Coin (USDC). Crypto perpetual contracts led trading activity. Perpetuals tied to real-world assets such as stocks and commodities generated $1.8 billion. Stock trading set monthly records from July through October, while spot volume rose 16-fold in September after governance lowered fees on flagship markets. Native Ethereum Virtual Machine (EVM) compatibility went live Nov.

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