Coinbase Completes Native INJ Migration, Bolstering Injective Ecosystem Access

Injective's native token, $INJ, is showing signs of recovery as Coinbase has expanded its support for the asset, eliminating a significant barrier for users seeking to transfer funds directly on the Injective blockchain.

At the time of writing, $INJ is trading at $5.14, reflecting a 0.31% increase over the past 24 hours. The token has gained 2.65% over the past seven days and 19.53% over the last 30 days. Daily trading volume currently stands at $107.61 million.

Coinbase Migrates from ERC-20 to Native Injective Token

The primary catalyst behind Injective's recent momentum is Coinbase's rollout of native blockchain support. The exchange has completed its transition from the ERC-20 version of $INJ to the native Injective token, converting customer balances automatically on a one-to-one basis.

This migration enables Coinbase users to deposit and withdraw $INJ directly through the Injective blockchain rather than depending on Ethereum-based transfers or third-party bridges. Under the previous ERC-20 arrangement, users moving $INJ to and from the exchange incurred Ethereum network gas fees and relied on bridge infrastructure to reach the Injective chain — a multi-step process that added cost and complexity. By streamlining this process, the integration reduces operational friction for traders and investors moving funds between the exchange and decentralized applications built on Injective, a Layer 1 blockchain designed specifically for decentralized finance within the Cosmos ecosystem.

The migration leverages Injective's MultiVM Token Standard (MTS), a framework that maintains asset interoperability across different virtual machine environments while presenting users with a unified token balance. This architecture is designed to minimize liquidity fragmentation and streamline development for builders of decentralized applications. The ability to support both CosmWasm and EVM-compatible smart contracts within a single environment is a distinguishing feature of Injective's technical approach.

Given Coinbase's position as one of the world's largest cryptocurrency exchanges — serving both retail and institutional clients — the native integration marks a meaningful step in expanding accessibility to the Injective ecosystem and lowering entry barriers for users engaging with decentralized finance on the network. Native chain listings on tier-one exchanges remain a key adoption milestone for Layer 1 networks, as they typically improve on-chain liquidity by enabling direct flows without intermediary wrapping or bridging steps.

Technical Momentum Builds Across Multiple Timeframes

$INJ traded within a range of $5.03 to $5.44 over the past 24 hours, following a 7-day range of $4.87 to $5.48. A gradual pattern of higher lows indicates that buyers have been defending key support levels as the token works to extend its recovery.

The token's performance reflects improving momentum across several timeframes. In addition to a 19.53% gain over the last month, $INJ has risen 11.7% over the past two weeks, suggesting that buying interest has been relatively sustained rather than concentrated in a single session of volatility.

However, the longer-term outlook indicates that recovery is still in progress. $INJ remains approximately 60% below its level from one year ago, underscoring the extent of the prior decline that has yet to be fully reversed.

Key Technical Levels Under Watch

From a technical standpoint, the zone between $3.50 and $4.50 continues to function as the primary support area for $INJ. Maintaining a position above this range has enabled buyers to gradually reassert control, contributing to the higher-low structure observed in recent weeks.

The next significant resistance sits between $5.671 and $6.996, a region where selling pressure has previously capped upward movement. A sustained break above this band would represent a notable shift in market structure and could bring the $8.20 level into focus. At present, the price remains below that resistance zone, and market participants continue to assess whether existing momentum is sufficient to push $INJ through its next technical threshold.

Source: CryptoNewsNet | Invezz