Injective (INJ) crypto has seen a 40% increase in price following the passing of the Injective 3.0 upgrade. This upgrade introduces deflationary mechanisms to the token, increasing its utility and value. The upgrade includes a dynamic token supply adjustment mechanism triggered by staking activity, which aims to address the inflationary challenge and improve the long-term value of the token. The increased deflationary model and staking rewards are expected to keep investors interested. INJ's price rise is also supported by technical patterns and increased trading volume. The growth of Injective's decentralized finance (DeFi) ecosystem, as evidenced by the rising total value locked (TVL) and the contribution of various applications, has also contributed to the price increase. However, competition in the blockchain space and the need to attract more developers may impact the project's future growth.



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