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Injective migrates INJ token to native EVM, Coinbase supports the switch, boosting DeFi access and liquidity.

Protocol Fundamentals
22 Jul 2026
Crypto Briefing
View Source
Bullish
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Injective has completed the migration of its INJ token from Ethereum's ERC-20 standard to its native Injective EVM blockchain, with Coinbase supporting a seamless 1:1 token conversion. This move enhances access to decentralized finance (DeFi) applications and improves liquidity for users by enabling direct trading on the native network. The migration aligns with Injective's strategic growth, including partnerships like Robinhood, potentially increasing user engagement and institutional interest. While risks exist in technological transitions, this upgrade positions Injective to strengthen its presence in the competitive DeFi space.

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