Volume 24h$81.6M
Open interest$3.3M
Markets286
Max leverage100.9999008178711x
BTC funding /8h−0.0036%
BTC paid 30d+3.189%
Before you deposit
| Data | Live | updated 13:56 UTC from the exchange API |
| Liquidity | Thin | $3.3M open interest |
| Real volume | Suspect | volume is 24.4x open interest a day, often a sign of farming or wash trading |
| Book depth | Thin | $1.4M within ±0.5% of the BTC price, both sides |
| KYC | None | on-chain, you keep custody |
Markets
285 markets| Asset | Price | Funding /8h | Every | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|
| BTC BTC/USDC PERP | 85,428 | −0.0036% | 1h | $307K | $27.0M | 52x |
| SP500RWA US500/USDC PERP | 6,899.6 | −0.0220% | 1h | $6K | $206K | 52x |
| XAUT XAUT/USDC PERP | 4,369.8 | +0.0033% | 1h | $8K | $214K | 30x |
| PAXG PAXG/USDC PERP | 4,361.2 | +0.0033% | 1h | $1K | $117K | 30x |
| XAURWA XAU/USDC PERP | 4,350.4 | +0.0033% | 1h | $619 | $146K | 52x |
| ETH ETH/USDC PERP | 2,735.1 | +0.0206% | 1h | $117K | $22.5M | 52x |
| YFI YFI/USDC PERP | 2,190.5 | +0.0033% | 1h | $2K | $143K | 5.5x |
| XPTRWA XPT/USDC PERP | 1,837 | +0.0220% | 1h | $6K | $34K | 52x |
| SNDKRWA SNDK/USDC PERP | 1,800 | −0.0220% | 1h | $36 | $288K | 12x |
| ASMLRWA ASML/USDC PERP | 1,702.2 | +0.0033% | 1h | $11K | $37K | 12x |
| ZEC ZEC/USDC PERP | 1,537.4 | −0.0250% | 1h | $35K | $72K | 12x |
| XPDRWA XPD/USDC PERP | 1,332.8 | +0.0033% | 1h | $16K | $20K | 52x |
| LLYRWA LLY/USDC PERP | 1,176.5 | +0.0220% | 1h | $10K | $21K | 12x |
| BLK BLK/USDC PERP | 1,060.4 | +0.0033% | 1h | $888 | $21K | 12x |
| MURWA MU/USDC PERP | 1,050.7 | +0.0033% | 1h | $14K | $225K | 12x |
News from Injective
all| 09-20 17:15 | Product | The Injective Meridian Mainnet Upgrade has a staggering 99% of $INJ stakers voting in favor of the proposal. If current trends hold, the proposal will officially pass in just 2 days ⏳ @injective on X ↗ |
| 09-20 11:31 | Listing | INJ is officially live on Solana. Users can now access $INJ across Solana apps, swap, supply liquidity, and launch new assets paired with INJ. A new legion of assets, tokenized stocks and tokens are now being launched with INJ serving as the base pair. This is on top of major advancements across the board with the new upcoming Meridian mainnet upgrade, new RWA milestones and much more. Below are some of the top developments that happened on Injective this past week ⤵️ 🟪 $INJ is officially live on @Solana, giving users direct access to INJ and builders a new base pair for token launches. 🟪 INJ is available and verified on @phantom for holding, trading, leveraged positions, and swaps, while @fomo added official INJ verification. 🟪 @Raydium opened 24/7 INJ trading against SOL and SPL tokens, while Stonk via @LaunchOnSF made INJ a base pair for launching memes, stonks, and other assets on Solana. 🟪 The Meridian Mainnet Upgrade governance proposal is live with RWA issuance for institutions, native onchain privacy alpha, and unified RFQ perpetual markets. 🟪 @MeteoraAG added INJ liquidity and token launches, so users can supply liquidity, earn fees, and deploy new assets paired with INJ. 🟪 Injective is now the new canonical stablecoin standard for Circle’s USDC across more than 20 blockchains and showcased an easy migration pathway into Injective USDC. 📊 Key Stats 🟪 RWA perpetual markets generated $214.9 million in volume over the last 30 days, led by $127.3 million from equities. 🟪 Injective now supports 135 RWA perpetual markets and has recorded more than $6.3 billion in trading volume since 2025. 🌐 Ecosystem News 🟪 Injective welcomed the @SECGov Innovation Exemption as a path for qualifying tokenized U.S. stock trading venues and detailed the regulatory rails already built for onchain securities. 🟪 @runupdotfun revealed memes powered by stock perpetuals on Injective and opened early access. 🟪 A brand new launchpad @sproutsomefun went live on Injective to enable effortless token launches on INJ. 🟪 Injective announced its September 29 Seoul event during Korea Blockchain Week with LG CNS, Coinbase, and SMBC Nikko Securities. 🟪 Injective announced its event with Microsoft on agentic finance during Token 2049 in Singapore. 🟪 @sunrise listed INJ on @Solana, extending native access across the Solana ecosystem. More access. More RWA markets. More regulatory clarity. More ways to build with $INJ🥷 @injective on X ↗ |
| 09-19 20:34 | Listing | $INJ is now live on -> @LaunchOnSF -> @MeteoraAG -> @fomo -> @Pumpfun -> @Raydium -> @JupiterExchange -> @moonshot -> @Titan_Exchange -> @dflow -> @birdeye_so -> @sunrise -> @phantom -> More soon. @injective on X ↗ |
| 09-19 15:05 | Listing | The Injective Meridian Mainnet Upgrade is now live for voting. Meridian advances Injective's position as the premier blockchain for institutional-grade tokenization while laying the foundation for the future CypherOS launch, Injective's native privacy platform. It expands support for regulated asset issuance with Injective's SEC transfer agent registration now deemed effective and unified RWA perpetual markets, enabling tokenized stocks and real-world assets to be issued, traded, and settled entirely onchain. The governance proposal can now be voted on by $INJ stakers on the Injective Hub with voting closing on September 22nd. If passed, the new mainnet upgrade is scheduled to occur on Thursday, September 24. Here is a summary of the Meridian Mainnet Upgrade: Institutional-Grade RWA Issuance Meridian brings support for regulated token implementations to the Injective EVM, allowing issuers to embed compliance and transfer requirements directly into tokenized products. This creates a purpose-built foundation for compliant RWA launches, tokenized equities, and new financial instruments on Injective. Unified Tokenized Perp Markets New MultiVM capabilities enable asset controls to operate consistently across Injective’s native and EVM environments. Support for atomic purchases through the exchange precompile also gives EVM applications more direct access to Injective’s native liquidity and settlement layer. Native Privacy Platform Alpha Meridian lays the foundation for privacy-focused infrastructure and introduces the initial testing of private RFQ transaction flows. These controlled execution environments are designed to give institutions access to onchain liquidity while protecting sensitive trading and order information. The testing introduced with Meridian prepares Injective for a broader suite of privacy features, culminating in the launch of CypherOS, Injective's native privacy platform, which is expected to be introduced in an upcoming chain upgrade. Resilient Markets and Oracle Performance The upgrade strengthens market execution, risk controls, transaction signing, and oracle processing. Improved oracle prioritization and relay validation provide more dependable pricing infrastructure for tokenized equities, RWAs, derivatives, and other advanced financial markets. Together, these capabilities position Injective as the unified network for bringing global financial assets onchain. If passed, this proposal will commit the Injective blockchain to halt at a target block height of 184394000 (approximately 15:00 UTC / 11:00 EDT on September 24th, 2026) and resume with the 1.20.4 version of the Injective Chain application binary soon after. @injective on X ↗ |
| 09-19 00:41 | Listing | ETF UPDATE🔥: @21shares_us has just filed an S-1 update to their Injective $INJ ETF. ✅️ A target to stake 40% - 60% of the fund’s $INJ holdings, adjustable based on liquidity needs. ✅️ A proposed Nasdaq listing under TINJ. ✅️ The FTSE Injective Index as the pricing benchmark. ✅️ The BNY Mellon named as administrator, transfer agent, and cash custodian. One step closer to launch 🔥 @injective on X ↗ |
| 09-18 22:35 | Listing | $INJ is live on Injective, Ethereum, BNB Chain and now Solana. The official contract addresses are now available on @CoinMarketCap and @coingecko. @injective on X ↗ |
| 09-18 21:09 | Listing | INJ liquidity is now live on @MeteoraAG. Supply liquidity and earn fees from $INJ trades on Solana. Users can also launch new tokens paired with INJ directly through Meteora. @injective on X ↗ |
| 09-18 17:11 | Listing | NEW: The Injective Meridian Mainnet Upgrade governance proposal is now live to bring you the leading L1 blockchain for tokenization and finance. ⚡️Institutional-grade RWA issuance ⚡️Native onchain privacy alpha ⚡️Unified RFQ perp markets ⚡️Much More on $INJ @injective on X ↗ |
About Injective
Injective is a decentralized perpetual futures exchange on Injective. It lists 286 active markets, traded $81.6M in the last 24 hours and holds $3.3M in open interest, #24 among the perp DEXs we track.
Funding settles every 1h. BTC longs pay −0.0036% /8h right now and paid 3.189% over the last 30 days.