Injective Mainnet Upgrade Confirms CypherOS Privacy Layer
Injective (INJ)
Editor:
Eugene Serbin
BitcoinEthereumNews.com reports that Injective has confirmed the arrival of CypherOS, a native on-chain privacy layer, following the successful Meridian mainnet upgrade that went live on September 24, 2026. This development positions Injective as one of the first financial-layer networks to integrate this specific privacy feature. The confirmation comes as the network's token, INJ, moves toward the $8 price level. The source notes that this upgrade is a significant step for the network's infrastructure capabilities.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 25 September 2026. Not the outlet's figures.
INJ is currently trading at $8.05, with a 24-hour buy ratio of 50.5% indicating a near-even split between buyers and sellers. However, short-term pressure shows a divergence: the 1-hour buy ratio is 46.9% and the 4-hour ratio is 45.4%, suggesting that buying interest is fading in the immediate term compared to the daily average. Volume delta reflects this shift, with negative values of -$46,368 over the last hour and -$288,209 over four hours, meaning more money is flowing out than in during these short windows. Conversely, the 24-hour volume delta is positive at +$237,193, showing that net buying has occurred over the full day. The Cumulative Volume Delta (CVD) for the 24-hour close is -$586,773, indicating that despite the positive volume delta, the total volume of sell orders has exceeded buy orders over the closing period. Net buying occurred for only 10 of the 24 hours, highlighting intermittent rather than consistent demand.
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 buy ratio averaged 49.9%, with the latest day showing a slight increase of 0.6 percentage points above this average. Volume for the day was 1.04 times the weekly average, indicating slightly above-normal trading activity. This contrasts with the 24-hour data, where the buy ratio was higher at 50.5% and volume delta was positive, whereas the weekly volume delta total was +$330,549. The price has risen 40.6% over the past eight days, a significant move that suggests this is an unusual day for the coin rather than an ordinary one. Only 3 of the 7 days in the week saw net buying, indicating that the recent price surge has not been supported by consistent buying pressure across the entire week.