Value Discovery: Why is INJ Still an Undervalued Asset in the Crypto Market?

Despite $INJ having gained widespread market attention, from a long-term value discovery perspective, it is likely still an undervalued asset. The core reason for its undervaluation lies in the fact that the market has yet to fully price in its unique token economic model, the network effects of its ecosystem, and the long-term potential as core infrastructure.

First, the extreme deflationary mechanism has not been fully priced in. The INJ 2.0 economic model incorporates transaction fees from the entire ecosystem (including all mainstream dApps) into the token burn scope. With the exponential growth of ecosystem trading volume, INJ will experience a continuous and accelerating deflationary process. This mechanism, which directly converts ecological prosperity into token scarcity, has not yet been fully reflected in the current price. @Injective #Injective

Second, the network effect value of the ecosystem is undervalued. Injective has built a complete financial ecosystem ranging from decentralized trading, derivatives, lending to NFTs. As the governance and equity token of this vast network, $INJ's value should be akin to core platform assets of the internet era. Currently, the market may still view it as a single protocol token, underestimating its “toll booth” effect as underlying financial infrastructure.

Finally, the leading position of modular blockchains has not been fully recognized. Against the backdrop of the rise of application chain trends, Injective, as the most mature dedicated chain in the financial sector, has significant first-mover advantages and technical barriers. As more projects choose to deploy on it, the practical value and staking security demand for INJ will grow in tandem. The current valuation does not fully reflect this huge potential market share and future cash flow capture capability.