Key Takeaways
- • Injective (INJ) has risen 61% over the past 90 days, driven by Pineapple Financial's plan to tokenize its $10 billion mortgage portfolio on the Injective blockchain, according to Pluang.
- • Pineapple Financial's planned tokenization would add a large real-world asset (RWA) to Injective's on-chain offering, highlighting growing RWA adoption on the network.
- • Three ETF applications tied to INJ could attract traditional finance capital, per the primary article.
- • As of Oct. 21, 2026, INJ traded at Rp158.253 with a 2.81% one-day gain, a market cap of Rp15.44 trillion and 24-hour volume of Rp2.18 trillion, per Pluang.
Summary
Injective (INJ) has surged 61% over the past 90 days, according to Pluang, with the rally attributed largely to Pineapple Financial's plan to tokenize its $10 billion mortgage portfolio on the Injective blockchain. The move underscores the growing adoption of real-world assets (RWAs) on decentralized infrastructure, a segment that has drawn increasing attention from crypto-native and traditional market participants.
The article reports that Injective is also seeing rising on-chain activity, increasing total value locked and steady trading volumes. Three exchange-traded fund (ETF) applications tied to INJ could, the article suggests, draw traditional finance capital and support further price gains, though these remain applications rather than approved products.
Per Pluang's market data as of Oct. 21, 2026 at 04:22 WIB, INJ traded at Rp158.253, up 2.81% over the prior day, with a market capitalization of Rp15.44 trillion and 24-hour trading volume of Rp2.18 trillion. Pluang notes that this trading activity coincides with the Pineapple Financial announcement, which may be contributing to the token's recent momentum.
Related coverage on Injective's ecosystem provides additional context. Injective's RWA perpetuals reportedly surpassed $1.1 billion in year-to-date trading volume and $230 million over the past month, with 135 on-chain RWA markets spanning equities, forex, commodities and pre-IPO assets. Other coverage noted that INJ had been trading near $9 resistance, at $8.56 on Oct. 19, and that the token faced selling pressure in the same period amid broader crypto market declines.
The article reports that Injective is also seeing rising on-chain activity, increasing total value locked and steady trading volumes. Three exchange-traded fund (ETF) applications tied to INJ could, the article suggests, draw traditional finance capital and support further price gains, though these remain applications rather than approved products.
Per Pluang's market data as of Oct. 21, 2026 at 04:22 WIB, INJ traded at Rp158.253, up 2.81% over the prior day, with a market capitalization of Rp15.44 trillion and 24-hour trading volume of Rp2.18 trillion. Pluang notes that this trading activity coincides with the Pineapple Financial announcement, which may be contributing to the token's recent momentum.
Related coverage on Injective's ecosystem provides additional context. Injective's RWA perpetuals reportedly surpassed $1.1 billion in year-to-date trading volume and $230 million over the past month, with 135 on-chain RWA markets spanning equities, forex, commodities and pre-IPO assets. Other coverage noted that INJ had been trading near $9 resistance, at $8.56 on Oct. 19, and that the token faced selling pressure in the same period amid broader crypto market declines.
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