Injective Meridian Upgrade Launches with Institutional Privacy Tools
Injective (INJ)
Editor:
Eugene Serbin
cryptowisser.com reports that the Injective Meridian Mainnet Upgrade is now live, introducing key features for institutional use. The upgrade incorporates regulated token standards directly into the Injective EVM, allowing issuers to embed compliance and transfer rules into the token's code. It also launches alpha testing for CypherOS, a native privacy platform designed to protect institutional order details via private Request-for-Quote transaction flows.
New MultiVM capabilities enable asset controls to run fluidly across native and EVM environments, simplifying the trading of tokenized stocks. The network has sharpened its risk controls and oracle processing to provide more dependable pricing data for tokenized derivatives. Injective utilizes a custom Tendermint Proof-of-Stake mechanism, delivering sub-second block times of 0.6s and sustaining over 25,000 TPS.
The platform supports Wasm 2.0 smart contracts and has achieved over 1 billion transactions to date. The ecosystem includes 100+ projects and is backed by investors including Pantera Capital, Jump Crypto, and Mark Cuban. Originally incubated by Binance, Injective provides plug-and-play financial infrastructure primitives for DeFi applications. INJ is currently trading at $8.04, having dropped 0.5% in the last 24 hours.
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.
Whalio data shows INJ trading at $8.05 with a 1-hour buy ratio of 51.9%, indicating a slight edge for buyers in the short term. This contrasts with the 4-hour buy ratio of 49.8%, suggesting that recent buying pressure has eased compared to the broader recent trend. The 24-hour buy ratio sits at 50.5%, showing a near-even split between buyers and sellers over the full day. Volume Delta for the last hour is positive at +$23,683, while the 4-hour delta is negative at -$7,749, indicating that immediate buying has outpaced recent selling. Over the last 24 hours, the Volume Delta is +$237,193, showing net buying has occurred, despite a Cumulative Volume Delta (CVD) of -$777,255. CVD measures the net volume of market orders, so a negative figure suggests that market sellers have been more aggressive than market buyers overall. Spot volume reached $23,851,050 with 411,156 trades in the last day, reflecting active trading conditions.
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 7-day average buy ratio was 49.9%, making today's 24-hour ratio of 50.5% slightly higher by 0.6 points. This indicates that buying interest is marginally stronger than the weekly average, though the difference is minimal. Volume was 1.04x the average, showing that trading activity is slightly above normal levels. The coin saw net buying on 3 of the last 7 days, with a total 8-day Volume Delta of +$330,549. Price has risen 40.6% over the last 8 days, suggesting a strong upward trend leading into this upgrade announcement.