It's been one of those weeks where $INJ updates are interesting but the larger picture is even a greater cause for concern.

Here's my week highlight:

1. MERIDIAN MAINNET IS LIVE

Meridian is now live on @injective with regulated tokenized assets, unified RWA perpetual markets and a new injective utility and the foundation of the upcoming CypherOS privacy platform.

2. STOCKDROP + BUYBACK

The Community BuyBack has returned and there is almost $300K of injective to be taken out of circulation. Every participant can also receive ecosystem revenue and be eligible to receive tokenized stocks on Stockdrop on Robinhood Chain.

$INJ is expanding on SOLANA.$INJ is growing on SOLANA.

INJ is now available to all users of the Solana ecosystem via Sunrise, and has been gaining traction in applications such as Phantom, Backpack, Raydium, and more.

3. NATIVE USDC KEEPING EXPANDING

Injective USDC is emerging as the standard stablecoin protocol on 20+ chains. Bitrefill also supports native USDC payments on 8,000+ products within 180+ countries. While LI.FI is responsible for the routing.

The sense of urgency is growing about RWAs.

Injective is also experiencing significant RWA activity with Pineapple Financial depositing over $1B worth of mortgage records onchain and tokenized real-estate market cap increasing by $1.1B on Token Terminal data.

4. INJECTIVE MINT

Injective Mint is taking institutional asset issuance forward, providing institutions with infrastructure to issue and manage tokenised assets in compliance and permissioned.

The ETF story is moving.

21Shares has filed an amended S-1 for its proposed $INJ ETF, with a proposed Nasdaq listing under TINJ. Yes, it is a filing, and not an approved or launched ETF, but it is another in a long line of developments to watch.

That's just part of the work that @injective has been working on around.

1. RWAs.

2. Tokenized stocks.

3. Regulated infrastructure.

4. Solana.

5. Stablecoins.

6. Payments.

7. Privacy.

8. Institutional access.

Various parts, but all with a shared vision of a larger picture.

$INJ is increasingly difficult to consider a one sided story.