Injective Protocol hits new transactional milestone
Injective (INJ)
Editor:
Eugene Serbin
bsc.news reports that Injective Protocol has surpassed 3.06 billion cumulative transactions, reinforcing its status as a high-performance DeFi settlement layer. The network processed 42.8 million transactions over the last 30 days, sustaining a daily throughput of approximately 1.49 million transactions. Injective is a specialized Layer-1 blockchain designed for sophisticated financial operations, featuring sub-second finality with a 0.65-second block time and a capacity of up to 25,000 transactions per second.
Since January 2025, the protocol has handled roughly $34.4 billion in derivatives volume and $888 million in spot trading. Derivatives volume is split approximately 80 percent crypto and 20 percent real-world assets. A record 58.8 million $INJ is now staked as of September 7, 2026, signaling strong holder conviction.
On the regulatory front, Injective Institutional Services is registered with the U.S. Securities and Exchange Commission as a transfer agent. The protocol offers a fully on-chain orderbook exchange, MEV-resistant transaction ordering, and cross-chain interoperability with over 110 IBC networks and Ethereum.
How the market reacted
Whalio's own Binance spot order flow for INJ, measured when this story was written up on 9 September 2026. Not the outlet's figures.
Injective (INJ) is trading at $6.40, with a 24-hour buy ratio of 53.4% indicating a slight majority of buy-side pressure. However, shorter-term metrics show fading momentum, as the 1-hour buy ratio dropped to 44.0% and the 4-hour ratio sits at 48.5%. The 24-hour volume delta is positive at +$1,605,916, but the 1-hour delta is negative at -$32,123, suggesting immediate selling pressure. The 4-hour volume delta is also negative at -$74,477, reinforcing the short-term bearish sentiment. CVD closed at +$58,356 for the 24-hour period, showing net buying over the full day despite recent dips. Spot volume reached $23,571,277 with 329,538 trades, indicating active participation.
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 46.9%, making today's 24-hour ratio of 53.4% an unusual increase of 6.5 percentage points. Volume was 2.73 times the average, highlighting significantly higher activity than usual. The price increased by 33.2% over the eight-day period, driven by this surge in volume. Despite the positive price action, the 8-day volume delta was negative at -$294,720, showing that larger sell orders have outweighed buys over the longer timeframe. This contrasts with the current day's positive volume delta, suggesting a shift in flow dynamics from the weekly trend.