I noticed that Injective is climbing quite a bit right now. The launch of regulated futures contracts in the United States via Bitnomial has really changed the game for the project. Open interest has increased by 20%, which shows that institutional players are starting to take serious interest in the project.

The price has broken above $3.33 in recent days and is currently holding around $3.30. What interests me most is that the recent community buyback removed 51,000 tokens from circulation, which really eases the pressure on supply. This is an interesting signal when you see this kind of supply reduction mechanism combined with growing interest in futures contracts.

Injective seems to have momentum at the moment. Access to regulated derivatives is definitely a catalyst for attracting institutional capital. The next level to watch is $4.00, a psychological level that could be interesting. For now, the upward trend appears to be well established.