Share this article
Injective, Underperforming in Crypto Markets, Now Plans Layer-3 Chain on Arbitrum
Injective’s "inEVM," which connects the Ethereum, Cosmos, and Solana networks, will rely on Arbitrum's Orbit toolkit.
Updated May 9, 2024, 6:08 p.m. Published May 8, 2024, 1:00 p.m.
Injective, a Cosmos-based blockchain whose INJ token price jumped a stunning 33-fold in 2023, only to tumble this year, is now planning a significant expansion – launching its own layer-3 network in the Ethereum ecosystem, based on the layer-2 project Arbitrum's technology.
Injective’s "inEVM," which is compatible with the Ethereum Virtual Machine (EVM) operating system and connects the Ethereum, Cosmos and Solana networks, will rely for its infrastructure on Arbitrum's Orbit toolkit, which allows developers to build customizable chains with Arbitrum’s technology while accessing interoperability between multiple ecosystems.
STORY CONTINUES BELOW
The move could theoretically inject fresh energy into the INJ token, which outperformed nearly all of its peers in digital-asset markets last year, jumping at one point to a market capitalization of more than $4 billion.
This year, crypto markets have moved broadly higher, with the benchmark CoinDesk 20 index gaining 25% year-to-date. But at least in the eyes of traders, INJ has suffered a reversal, falling nearly 30% so far in 2024.
According to a press release seen by CoinDesk, the integration for developers means that it “unlocks new opportunities to build within the Ethereum L2 ecosystem while retaining Injective’s lightning-fast speeds and low fees.”
The teams also shared that transacting on the inEVM network will contribute to the tokenomics of the Injective ecosystem, including the burning mechanisms of its $INJ token, “which aggregates and systematically burns a percentage of all protocol fees on a weekly basis.”
“The significance of Injective’s integration with Arbitrum extends beyond just building blockchain networks or infrastructure,” said Eric Chen, the co-founder of Injective Labs (and a speaker at this year's Consensus festival), in the press release. “It enforces the fundamental principle of interoperability – closing the gap between Ethereum, Cosmos and other widely adopted L1s – for an ecosystem where cross-chain assets and liquidity can be truly composable across ecosystems."
Read more: Injective Introduces 'ERC-404' Port to Capitalize on the Hype Around the Experimental Token Standard
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
ZKsync Lite to Shut Down in 2026 as Matter Labs Moves On
The company framed the move, happening in early 2026, as a planned sunset.
What to know:
- Matter Labs plans to deprecate ZKsync Lite, the first iteration of its Ethereum layer-2 network, the team said in a post on X over the weekend.
- The company framed the move, happening in early 2026, as a planned sunset for an early proof-of-concept that helped validate their zero-knowledge rollup design choices before newer systems went live.
Top Stories
