3 min read• August 13th
Injective Network Activity Explodes 1,700% as EVM Upgrade Fuels Growth
Injective's daily active addresses skyrocket 1,700% to 81,000 users - the highest since 2023 - driven by major network upgrades and growing real-world asset tokenization focus.
Curated by Polaris Pioneer ✨
Key takeaways
🚀 Massive Growth: Daily active addresses surged from 4,500 to over 81,000 in 2025, a 1,700% increase marking the highest level since December 2023.
⚡ Technical Catalyst: The Ethernia Upgrade launched July 31st introduced Ethereum Virtual Machine compatibility, initially sparking a 7.6% price rally.
🔧 Developer Appeal: Injective's EVM Public Testnet launch allows developers to build Ethereum-compatible dApps directly on the Layer 1 blockchain.
🔥 Deflationary Boost: Injective accelerated its token burn rate by 5x in 2025 following the launch of INJ 3.0.
💎 Undervalued Signal: Despite trading 80% below ATH, analysts suggest INJ is "massively underrated" with major developments lined up.
Deep dive
The network activity surge began after February's Nivara Upgrade, which was approved with high community participation and improved network performance.
The Ethernia Upgrade positions Injective to capture value from the broader Ethereum ecosystem, coinciding with institutional interest through Cboe's ETF filing.
With growing exchange interest in tokenized assets, Injective could re-emerge as a leading Layer 1 for real-world asset tokenization.
Disclaimer: This article may contain content generated or assisted by AI, based on information from public sources. While we aim for accuracy, no content should be taken as financial or trading advice. Always do your own research and consult a professional before making investment decisions. Markets are volatile and involve risk.
