Analysts are projecting a significant price appreciation for Injective's native token, INJ, over the coming years, driven by its specialized DeFi infrastructure and deflationary tokenomics. According to a consolidated analysis from multiple sources, INJ could see a substantial recovery in 2026, with a potential high of $15.40, and may target the $70 range by 2030 if adoption scales.
The current live price of INJ is approximately $5.12, with a market capitalization of around $512 million. The token's all-time high stands at $52.75, reached in March 2024. The analysis highlights Injective's unique position as the first blockchain built specifically for decentralized finance applications, focusing on derivatives trading, perpetual markets, and real-world asset tokenization.
A core driver of the bullish thesis is INJ's deflationary buyback-and-burn mechanism. A portion of fees generated by dApps on the Injective network is used to purchase INJ from the open market and burn it, steadily reducing the total supply. Approximately 6 million INJ tokens were burned in 2024 alone. This mechanism, combined with the token's utility in staking, governance, and network security, is seen as a fundamental value accrual model.
For 2026, predictions vary but converge on a recovery narrative. CoinPedia's formulated prediction suggests a range between $3.80 and $15.40, with an average around $8.90. This potential jump is attributed to expected consistency in token burns and increased developer activity. Recent network milestones support this outlook, including Revolut users staking over 200,000 INJ, making Injective the largest Proof-of-Stake network for Revolut users globally, and daily active users hitting a new all-time high of around 87,000 in January 2026.
Looking further ahead, the forecast becomes more ambitious. By 2027, INJ could target $28.90, rising to $45.80 in 2028, $62.50 in 2029, and a potential high of $74.20 by 2030. This long-term trajectory is predicated on the successful scaling of Injective's DeFi infrastructure, the launch of its MultiVM mainnet (integrating EVM, Solana's SVM, and WASM), and the mainstream adoption of decentralized derivatives.
Technical and fundamental developments underpin these predictions. Injective boasts block times of around 650 milliseconds and supports up to 25,000 transactions per second. A security-focused hard fork is planned for Q1 2026 to introduce cryptographic improvements. The protocol has processed over $45 billion in cumulative trading volume and supports more than 50 dApps.
However, analysts caution that these predictions involve significant uncertainty. Key risk factors include broader cryptocurrency market downturns, regulatory changes, technological competition from other Layer-1 protocols like Solana and Avalanche, and the overall success of Injective's execution on its roadmap.
