Injective (INJ), a Layer 1 blockchain designed for tokenized stocks and real-world assets, experienced a significant increase in daily active addresses (DAAs) in July. Despite the INJ token's 80% decline from its all-time high, the network's revival has sparked renewed optimism. Data from Artemis Analytics reveals that DAAs surged from 4,500 at the start of 2025 to over 81,000 in July, a remarkable increase of over 1,700%. This is the highest level since December 2023, when INJ's price rose from $1.25 to over $50. Analysts suggest that this renewed activity could indicate a potential price rally for INJ in 2025. The growth in DAAs began after the Nivara Upgrade on February 17, which aimed to enhance network performance. Additionally, the launch of the Ethereum Virtual Machine (EVM) Public Testnet on July 3 has attracted developers to build decentralized applications on Injective. Despite these developments, INJ remains 80% below its ATH of $52, currently trading around $10.5. Read more AI-generated news on: https://app.chaingpt.org/news

#ETH