Injective Crypto Seizes Traction: Could EVM Testnet Introduction and RWA Tokenization Drive INJ Value Beyond $12?
Injective Network is gaining attention as daily active addresses experience a remarkable 10X increase since January 2025. While INJ crypto prices remain stable, the release of the EVM testnet could potentially elevate the coin beyond $12.
The second quarter of 2025 has proven to be an eventful time for Injective Protocol, a layer-1 blockchain tailored for DeFi (Decentralized finance). Even though the total value locked (TVL) has surged from about $20 million in April to $33 million by July, the INJ crypto price has yet to achieve significant growth.
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Will Injective Crypto Exceed $12?
Investors are contemplating whether the recent advancements of Injective, including the launch of its Ethereum Virtual Machine (EVM) testnet and its emphasis on real-world asset (RWA) tokenization, will drive past $12, breaking through the local resistance level.
Market information reveals that INJ has been trading in a sideways manner, restricted within a narrow $3 range from $9 to $12.
For uptrend traders to take charge, a high-volume price breakout above the $12 liquidation point is necessary. Such breakout could potentially push INJ towards $14, revisiting the highs from Q2 2025 established in May.
Despite the uninspiring price increases, on-chain indicators depict a positive outlook.
Artemis reports that daily active addresses on the Injective protocol have surged nearly 10X over the past six months, rising from 5,000 to over 81,000 by early July 2025.
(Source)
This notable increase in activity reflects a rise in user engagement, even as INJ prices languish. INJ prices have dropped from $25, as observed in early January 2025, to a low of $6 in April.
Injective EVM Testnet Launched
The increase in protocol activity coincides with significant technological advancements within Injective.
Unlike Ethereum, it is capable of handling 20,000 transactions per second, providing almost no fees and immediate transaction finality.
This robust infrastructure, coupled with its interoperability across ETH, Cosmos, and non-EVM chains like Solana, positions Injective as an enticing Decentralized finance protocol.
The recent launch of the Injective EVM testnet on July 2, 2025, signifies a pivotal achievement.
This testnet introduces the first layer-1 distributed record with inherent EVM integration, allowing Ethereum-compatible smart contracts to function smoothly without needing external bridges.
The MultiVM Crypto token Standard (MTS) enhances this by enabling tokens to operate across different Ethereum-compatible environments, improving code composability and user experience.
Emphasis on RWA Tokenization
This upgrade is crucial as Injective aims to capture market share in the rapidly expanding tokenization sector, solidifying its status among the top cryptos to invest in.
So far, Helix, the leading Decentralized finance dapp on Injective, facilitates the trading of over 25 tokenized assets, including shares from companies like Apple and Tesla, as well as commodities like gold and silver.
Additionally, partnerships with major players such as BlackRock, involving the integration of the BUIDL index and collaborations with Aethir and Google Cloud, highlight their ambition to lead in the tokenization arena.
$INJ – Trade Idea
Recently established a new long position.
I believe $INJ has completed its first impulsive move from the $9 low to the $12 high and has now concluded its correction.
The latest breakout above $12 confirms this as wave (1) in a new uptrend trend.
The current level… pic.twitter.com/buigndr6pq
— Crypto Wave Vision (@CryptoWaveV) July 8, 2025
On X, a crypto holder believes the INJ upward trend is just beginning. In their analysis, the investor anticipates the coin could double to $23 in the upcoming weeks, surpassing some of the top Solana meme coins.
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Injective Platform Gaining momentum Following EVM Testnet Release, Is INJ Crypto Headed to $12?
- Injective Protocol is gaining traction as daily active users surge by 10X since January 2025
- Developers have unveiled the EVM testnet
- Injective is prioritizing RWA tokenization
- Is INJ crypto on the path to surpassing $12?
The post Injective Crypto Gains Momentum: Will EVM Testnet Launch and RWA Tokenization Propel INJ Price Beyond $12? appeared first on 99Bitcoins.
