In this post we will focus on the reasons for the growth of $INJ INJECTIVE.
PRICE ACTION
Since the beginning of the year, the token has increased by only 470%.
TOKEN BURNS
The basket of fees for the weekly auction continues to grow, with more $INJ being burned each week.
NFTS ON INVESTMENTS
Liquidity of $450 million is about to be released through Protocol Talis with collections such as PremierNinjas , TakedaINJ , AliensOnInj — MINT *very* soon.
Imagine how the tokens will burn then.
NETWORK STABILITY
Injective has 0 failures. Never ever.
Avalanche, Polygon, Solana, Arbitrum and Hedera all failed.
But not Injective.
NETWORK DEPOSITS
There are only $460 million in the Injective ecosystem.
HACKATHON
More than 300 projects were submitted to the first Injective hackathon. The first Solana hackathon received less than 70 projects.
GAS TARIFFS
Injective has some of the lowest gas rates, but traders don't have to pay anything!
THE STRONGEST NARRATIVE
Amid events such as the FTX derailment, Robinhood trading halt, and loss of confidence in government currencies, Injective_ the biggest beneficiary would be the creation of a gratuitous financial infrastructure that would be adopted globally.
Based thread : love mushroom
