A brief summary of the key developments in the Injective ecosystem over the past two weeks:
1⃣Infrastructure and performance upgrades
3.13: Released the AI main guide, providing developers with a complete guide from building AI agents to on-chain integration.
3.19: Real-time EVM mainnet upgrade officially launched, significantly improving execution efficiency and validator coordination, providing a high-performance platform for payments, tokenization, and financial applications, attracting institutional-level dApp migration.
2⃣AI Narrative and Intelligent Financial Agents
3.26: The official narrative transformation is clarified, upgrading from 'DeFAI' to 'Agentic Finance', proposing a global financial vision for coexistence between humans and AI agents.
Simultaneously released the intelligent financial stack, including:
MCP Server: Supports agents to execute limit/market orders for perpetual and spot trading through natural language;
Injective Skills: Providing x402 agent payment and CLI gas management;
USDC/CCTP: Empowering micro-payment capabilities.
Developers can freely build applications, and Injective is becoming the core infrastructure for AI agent finance.
Liquidity, stablecoins, and interoperability
On March 15: Native USDC launched on the Injective mainnet and integrated Circle's CCTP protocol, enabling bridge-less and non-wrapped cross-chain transfers (covering over 30 chains).
Users can directly transfer from exchanges like Binance and Bybit, or deposit fiat through Transak and Onramper; bridging tools like Stargate, deBridge, and Wormhole further simplify asset import.
Ecosystem expansion and institutional participation
On March 24: Joinn Finance launched, providing 24/7 liquidity for government bonds, ETFs, and REITs to emerging market users;
Hydro Protocol expanded from LST to the entire RWA currency market;
Ninja Labs launched the 'City Zero' project.
Korean universities launched corporate validators, having staked over 369,000 INJ, with institutional participation deepening.
The team fully participated in the Blockworks DAS conference, actively connecting with ecosystem builders.
Tokenomics and deflation progress
Community buyback plan:
In March, 49,000 INJ were burned, distributing $153,000 in earnings;
Since November 2025, the average yield over multiple rounds has reached 25.09%;
Cumulative burn amount exceeded 7 million INJ, and deflation expectations continue to strengthen.
On March 19: Pineapple Financial disclosed an additional purchase of $2 million in INJ, bringing total reserves to $20.79 million, reflecting long-term confidence from institutions.
On-chain data and market performance
From March 10 to March 26: Daily trading volume fluctuated between $358 million and $544 million, averaging about $400 million;
Protocol fees stabilized in the range of $1,200 – $2,085, with supply-side fees accounting for nearly 100%;
Income levels remain stable with an upward trend, and the burn mechanism amplifies buyback value.
InjectiveLabs has indeed made considerable progress in the past two weeks. In a prolonged bear market, it is rare to see teams persist in their efforts. We hope INJ can take off later, and we will continue to pay attention.
