The first Injective Stockdrop went live this week, allowing eligible community members to claim tokenized stock rewards. The Community BuyBack that preceded the launch has closed, with more than 7.2 million INJ burned to date, according to the project. Token burns permanently remove the affected coins from circulating supply.

CypherOS also made its first public appearance as a privacy platform on Injective. The platform is designed for confidential transactions, trades, and tokenization. Injective also highlighted new ecosystem launches, institutional developments, expanded access to INJ, and network activity in its weekly recap.

Stockdrop and CypherOS launch

Stockdrop participants can now claim their tokenized stock rewards. Injective refers to eligible community members as “loyal ninjas.” The launch is the first of its kind for the network bringing tokenized equities directly to community members.

Injective’s announcement also featured CypherOS, which the project describes as a privacy platform for confidential transactions, trades, and tokenization. The platform is positioned for use across the Injective network, addressing a gap left by most public blockchains, which record transaction details openly by default. How CypherOS rolls out across that network is the next development to track.

The weekly update listed Sprout (@sproutsomefun), which allows users to bridge, discover, and trade new launches in one place. RunUp (@runupdotfun) is also live and allows users to launch tokens powered by long or short perpetual markets. Both projects operate within the Injective ecosystem.

INJ is now live across the Solana ecosystem, with support from Phantom, the widely used Solana wallet, alongside several trading, launch, and data applications. That extends the token's usability to wallets and apps outside the Injective network itself. The FOMO thesis competition has also ended. Injective said INJ was sent to every winner and that more releases are on the horizon.

The first Injective Stockdrop went live. The Community BuyBack closed with more than 7.2 million $INJ burned to date with loyal ninjas now being able to claim tokenized stocks. CypherOS also made its first public appearance as the privacy platform for confidential transactions,… pic.twitter.com/rvRzdtPYT0 — Injective (@injective) October 4, 2026

Institutional access and network activity

Canary Capital filed Amendment No. 3 to its registration statement with the U.S. Securities and Exchange Commission for a Staked INJ ETF. According to the update, the fund plans to hold spot INJ and stake at least 90% of its U.S. institutional holdings. Amendments of this kind are a standard part of the SEC's review process for proposed exchange-traded funds. Injective shared the filing details in its weekly post on X: https://x.com/injective/status/2106816173572538626?ref_src=twsrc%5Etfw

Robinhood, a mainstream retail brokerage, now supports INJ trading and transfers, giving users access to native INJ without requiring a bridge. Robinhood users can trade INJ without moving assets across chains, placing the token inside an app many retail investors already use for stocks and ETFs. Injective listed the integration among its main developments for the week.

Injective is also working with LG CNS, the IT services arm of South Korea's LG Group, to bring more activity onchain through a 24/7 programmable economy. In addition, Injective hosted what it described as the largest institutional event during Korea Blockchain Week, the annual Seoul conference, with attendees including members from Coinbase, the Federal Reserve, LG, BitGo, and other organizations.

Injective reported that the network has processed more than 3 billion transactions, including more than 42 million during the past 30 days. The project listed those figures among its key statistics. Beyond the weekly numbers, any further amendments to Canary's registration statement, early usage of the new Robinhood and Solana access points, and details of CypherOS's rollout are the threads to follow.

Source: https://blockonomi.com/injective-stockdrop-goes-live-as-cypheros-debuts-and-buyback-burns-7-2m-inj/