There's something going on in INJ in the last 24 hours – have you noticed?

When the market as a whole picked up, INJ soared from around $5.3 to $5.72, and the increase of more than 3% was nothing, but the key was that the trading volume exploded by 10% to more than $63 million. There is a big move behind this sudden increase: the MultiVM upgrade of Injective's mainnet is coming soon.

What is the concept of this upgrade? To put it bluntly, it supports both EVM and CosmWASM virtual machines, becoming a true "multi-virtual machine public chain". On the first day of launch alone, more than 30 projects are expected to be seamlessly deployed. Developers no longer have to worry about which ecosystem to choose - one tool for all application scenarios. Some engineers created a GameFi mini-game on the testnet in one day, and the NFT+ reward mechanism is complete, and the explosion speed of the ecosystem is visible to the naked eye.

Although INJ has retraced 35% this month, its market capitalization is still stable at around $570 million, ranking in the top 100. Although the news of the delisting of a leading exchange a while ago briefly affected liquidity, it did not stop the outbreak of ecological projects at all.

For example, ParadyzeFi and Injective launched a joint incentive program, offering $55,000 in equivalent rewards, of which 5,000 INJ (about $30,000) will be given directly to content creators, focusing on AI-driven perpetual contracts and prediction market tracks. There is also a significant increase in trading activity for lending protocols such as Neptune Finance.

Technological upgrades + ecological incentives are a two-pronged approach, and this wave of operations is indeed a bit interesting.