INJ has recently performed well. The past 24 hours saw a 1.85% increase, outperforming the market—two forces are driving this behind the scenes.

On one hand, verifiable AI is entering the DeFi ecosystem. Projects like OpenLedger are bringing machine learning capabilities into on-chain finance, which is very attractive to institutional investors. They have been looking for compliant, auditable AI applications rather than black-box solutions.

On the other hand, the story of spot ETFs is still ongoing. INJ's staking ETF application has recently made new progress, indicating growing interest from traditional financial markets in such products. From Coinbase to major TradFi giants, they are all positioning themselves in this track.

With these two catalysts stacking up, it's no wonder the market is starting to pay attention to this chain. In the short term, the focus remains on ETF approval progress and the pace of AI application implementation.