Market cap of @injective reached around $5.3B in March 2024, with $INJ at its ATH price of $52.62.
The current market cap is around $530M.
Over 2.9 billion transactions, block time is currently at nearly 0.69 seconds, and the fee less than $0.01.
Native USDC on Injective launched through Circle's CCTP, providing it with access to $77B in stablecoin liquidity.
Regulated INJ access is now available in Europe through an ETP, in Asia through a regulated fund, and in the US through CFTC futures on Bitnomial. Policy teams operate from Washington.
None of this existed at the last peak.
Right now $INJ ranks 33th among all L1 blockchains by circulating market cap.
That's what accumulation looks like before a new cycle comes.