Dec 20, 2023

Injective (INJ), the native token of its namesake's layer 1 blockchain, has seen a 3,000% move to the upside over the course of 2023.

Video transcript

The chart of the day is presented by, 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.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.