Why Injective's INJ Has Surged 3,000% in 2023

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. All right, let's take a look at the chart of the day layer one Blockchain, injective native token in J surged to a record high of more than $40 this week to complete a 3000% move to the upside over the course of 2023. The Token has risen roughly 60% in the last seven days as traders anticipate a wider alt coin rally following the recent spike in Solana's Soul Token. Although Inj Token has seen over 100 and $55 million in trading volume in the past week. Data from defile Lama shows that the injective Blockchain has roughly $15 million in total value locked. That's a wrap for today's chart of the day. I'm Jen Sani. We'll see you next time to unpack more of the data behind top news stories.