Many people still see Injective as a “high-performance DeFi L1,” but after watching it make several big moves in June, my take leans more toward the other side:

It’s accelerating the process of turning itself into a settlement layer truly geared toward institutions and on-chain finance.

Last June, these six main tracks were all moving forward together:

1、Vulcan mainnet upgrade rolled out
The Vulcan mainnet upgrade has been rolled out, focusing on lower-cost settlement, USDC-related infrastructure, upgrades to the RWA market, and improvements to oracle capabilities.

The official also noted that oracle update costs have dropped by 90%, and that liquidity and price data between different virtual machines are beginning to be further connected.

2、$INJ buyback mechanism continues to be strengthened
In June, the size of the community buyback pool exceeded $315K. The buyback scale is getting larger, and buybacks are being maintained continuously.

The key isn’t just the buybacks themselves—it’s that the flow logic between protocol revenue and token demand is being continuously reinforced.

3、Institutional entry points are taking shape faster
Merkle Capital launched Asia’s first regulated $INJ strategy product, M-INJ, and Coinbase also announced support for native INJ.
This means that compliant products and mainstream exchange entry points are continuing to expand.

4、RWA and asset tokenization on-chain keep expanding
In June, Injective continued to strengthen its plans in areas like stock, commodities, FX, derivatives tied to unlisted companies, prediction markets, and more.

At the same time, FANDOM tokenized artist single-release revenue on Injective, showing that what it wants to capture isn’t only trading, but also the issuance and circulation of a broader range of assets.

5、Policy and institutional narrative keep heating up
Names like Invesco, Circle, Chainlink, Pantera, Grayscale, and Galaxy have been appearing one after another at the Injective Summit. Regulatory and policy-related figures are also joining in.

On the other hand, Injective has started speaking out around crypto regulation, DeFi frameworks, and stablecoin rules.

6、AI Agent financial scenarios start to take shape
The official is pushing the use of AI Agents for on-chain trading, risk management, and data settlement. Over the past 30 days, 700+ AI agents have joined Injective. If this line keeps running, the upside imagination space will be significant.

In short, Injective’s big moves in June were really numerous: it’s making progress across the settlement layer, liquidity entry points, institutional compliance, the RWA market, and the AI-driven finance execution layer.

Next, keep watching $INJ and look forward to a price rebound.$INJ