Injective integrates new rfq primitive, CEO Eric Chen notes
Injective (INJ)
Editor:
Eugene Serbin
tradersunion.com reports that Eric Chen, co-founder and chief executive officer at Injective Labs, highlights a new way to integrate the latest rfq primitive on Injective. This reflects ongoing innovation within the Injective ecosystem. Chen previously introduced a feature for real-time updates and alerts on open positions and liquidation risk. He has also expressed optimism about the potential for onchain IPOs by leading businesses.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 4 October 2026. Not the outlet's figures.
Injective (INJ) is trading at $7.68 with a 1-hour buy ratio of 58.2%, indicating that buyers are currently dominating short-term spot activity. However, this momentum is fading over a longer horizon, as the 4-hour buy ratio drops to 40.4%, showing that sellers have gained control over the last four hours. The 24-hour buy ratio sits at 51.5%, meaning buying and selling pressure have been roughly balanced over the last day. Volume Delta reflects this shift, with a positive +$13,611 in the last hour contrasting sharply against a negative -$154,849 over the past four hours. A positive Volume Delta means net buying is occurring, while a negative figure indicates net selling pressure.
The latest daily buy ratio of 53.4% sits at the 91st percentile of the last 322 days, against a median of 49.8% - among the strongest buying days it has had.
Was that an ordinary day?
The same Binance spot measurements for INJ, averaged over the days leading up to the story.
Over the preceding week, the average buy ratio was 49.3%, making today's 24-hour ratio of 51.5% slightly above the weekly norm. Trading volume has been subdued, measuring at 0.76x the average, which suggests lower-than-usual participation. The coin has seen a price change of -1.2% over eight days, with a total Volume Delta of -$842,194. Net buying occurred on only 4 of the past 7 days, indicating that the current day is not particularly unusual compared to the broader weekly trend.