Injective is really an underrated L1.



Just saw CoinGecko list Injective (INJ) among the top 10 Layer 1s by revenue.

In the past 12 months, revenue was $3.41 million, and actual revenue is close to 100% flowing back to holders. From 2021 to now, with a total burn value of $360 million and 7.1 million INJ destroyed, the recent participation return rate has reached 13–25%.

Many L1s are still relying on subsidies or inflation to stay afloat, but Injective has already generated revenue through real transactions, and it delivers direct value to holders through buybacks and burns.

A financial L1 that can make money and also distribute it to holders—currently pushing forward the integration of MultiVM + USDC + regulated entry points—is still very much worth ongoing attention.
INJ3.64%
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