$INJ rose about 8% against the trend over the past 24 hours, with trading volume climbing to nearly $150 million. Meanwhile, BTC and ETH both fell, making the divergence quite striking.
Here’s what happened: Injective is currently moving forward with the Veyra mainnet upgrade, and the official upgrade page shows that the related governance proposal has entered the voting phase. The upgrade mainly focuses on infrastructure for financial applications, but it should not yet be treated as a completed mainnet upgrade.
INJ also has a fairly direct value-capture mechanism: network revenue can be used to buy back and burn tokens through Community BuyBack. The Supply Squeeze proposal, passed this January, further tightened token issuance.
However, none of this means that today’s rally was driven entirely by the upgrade news. There is not yet enough evidence to show exactly where the additional funds came from.
#美国PPI年率6.5%，低于预期或缓解BTC压力
Here’s what happened: Injective is currently moving forward with the Veyra mainnet upgrade, and the official upgrade page shows that the related governance proposal has entered the voting phase. The upgrade mainly focuses on infrastructure for financial applications, but it should not yet be treated as a completed mainnet upgrade.
INJ also has a fairly direct value-capture mechanism: network revenue can be used to buy back and burn tokens through Community BuyBack. The Supply Squeeze proposal, passed this January, further tightened token issuance.
However, none of this means that today’s rally was driven entirely by the upgrade news. There is not yet enough evidence to show exactly where the additional funds came from.
#美国PPI年率6.5%，低于预期或缓解BTC压力
