Market history dossier
Injective Market History
INJUSDT
Injective (INJ) market history: price since 2020-10-21, all-time high and drawdowns, deleveraging events, funding rate history and ROI calculator.
- Last close
- 4.85 as of 2026-07-31
- From ATH
- -90.80%
- All-time high
- 53.00 2024-03-14
Market record
Performance history
Rolling returns
- 30 days
- +7.92%
- 90 days
- +27.68%
- YTD
- +15.80%
- 1 year
- -63.24%
- 3 years
- -39.48%
Calendar-year record
| Year | Open | High | Low | Close | Return | Days |
|---|---|---|---|---|---|---|
| 2020 (partial) | 0.4000 | 5.35 | 0.1800 | 4.05 | +912.05% | 72 |
| 2021 | 4.06 | 25.31 | 3.53 | 8.25 | +103.33% | 365 |
| 2022 | 8.24 | 10.06 | 1.12 | 1.27 | -84.52% | 365 |
| 2023 | 1.27 | 44.86 | 1.25 | 35.76 | +2704.31% | 365 |
| 2024 | 35.76 | 53.00 | 13.51 | 19.62 | -45.13% | 366 |
| 2025 | 19.62 | 26.70 | 2.74 | 4.19 | -78.64% | 365 |
| 2026 (partial) | 4.19 | 7.34 | 2.65 | 4.85 | +15.80% | 212 |
Monthly seasonality
Monthly returns across the complete market record.
View as table
| Month | Return |
|---|---|
| 2020-10 | +96.03% |
| 2020-11 | +51.52% |
| 2020-12 | +240.76% |
| 2021-01 | +134.42% |
| 2021-02 | +28.40% |
| 2021-03 | +4.99% |
| 2021-04 | +68.22% |
| 2021-05 | -56.65% |
| 2021-06 | -26.14% |
| 2021-07 | +2.10% |
| 2021-08 | +58.83% |
| 2021-09 | -13.45% |
| 2021-10 | +11.53% |
| 2021-11 | +24.56% |
| 2021-12 | -39.00% |
| 2022-01 | -48.85% |
| 2022-02 | +33.85% |
| 2022-03 | +5.06% |
| 2022-04 | -38.32% |
| 2022-05 | -38.45% |
| 2022-06 | -44.74% |
| 2022-07 | +14.24% |
| 2022-08 | +9.73% |
| 2022-09 | +9.38% |
| 2022-10 | +43.12% |
| 2022-11 | -27.62% |
| 2022-12 | -27.52% |
| 2023-01 | +146.51% |
| 2023-02 | +11.64% |
| 2023-03 | +34.63% |
| 2023-04 | +64.31% |
| 2023-05 | -6.52% |
| 2023-06 | +10.53% |
| 2023-07 | -1.96% |
| 2023-08 | -11.12% |
| 2023-09 | +9.60% |
| 2023-10 | +84.70% |
| 2023-11 | +30.22% |
| 2023-12 | +94.07% |
| 2024-01 | -5.27% |
| 2024-02 | +20.76% |
| 2024-03 | -10.10% |
| 2024-04 | -35.44% |
| 2024-05 | +2.78% |
| 2024-06 | -3.64% |
| 2024-07 | -6.67% |
| 2024-08 | -21.44% |
| 2024-09 | +32.62% |
| 2024-10 | -16.75% |
| 2024-11 | +63.71% |
| 2024-12 | -37.05% |
| 2025-01 | +3.31% |
| 2025-02 | -34.29% |
| 2025-03 | -34.53% |
| 2025-04 | +10.68% |
| 2025-05 | +25.49% |
| 2025-06 | -11.15% |
| 2025-07 | +22.68% |
| 2025-08 | -3.71% |
| 2025-09 | -5.59% |
| 2025-10 | -36.80% |
| 2025-11 | -24.51% |
| 2025-12 | -26.88% |
| 2026-01 | -13.65% |
| 2026-02 | -13.69% |
| 2026-03 | -7.72% |
| 2026-04 | +18.74% |
| 2026-05 | +91.20% |
| 2026-06 | -30.42% |
| 2026-07 | +6.57% |
Risk record
- Green days
- 48.20% 1,018 of 2,110
- Best day
- +95.08% 2020-10-21
- Worst day
- -34.53% 2021-05-19
- Daily volatility
- 7.01% std dev of daily returns
Biggest run
| Trough to peak | Gain | Days to peak | Total days |
|---|---|---|---|
| 2022-07-12 → 2024-03-12 | +4346.80% | 609 | 1481 |
Deepest drawdowns
| Peak to trough | Depth | Days to trough | Total days | Recovered |
|---|---|---|---|---|
| 2021-04-29 → 2022-07-12 | -94.70% | 439 | 956 | yes |
| 2024-03-12 → 2026-04-02 | -94.70% | 751 | 872 | ongoing |
| 2020-10-23 → 2020-10-28 | -42.80% | 5 | 22 | yes |
| 2021-02-19 → 2021-03-24 | -38.10% | 33 | 63 | yes |
| 2020-11-16 → 2020-11-26 | -34.10% | 10 | 19 | yes |
Research index
- All-time high & drawdowns -94.70% max ATH 53.00 on 2024-03-14 Every major drawdown episode
- Deleveraging events 82 latest 2026-06-27 Liquidation-style event history
- Funding rate -1.84% negative 38.20% of days Full funding history
ROI calculator
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Frequently asked questions
What is Injective's all-time high?
Injective's all-time high is $53.00, reached on 2024-03-14. As of 2026-07-31 it trades -90.8% below that peak.
What was Injective's lowest price ever?
Injective's lowest price ever was $0.18, reached on 2020-10-21.
When did Injective start trading?
Injective started trading on 2020-10-21 and has 2,110 days on record.
What was Injective's best year?
Injective's best full year was 2023, with a 2,704.3% return. Its worst full year was 2022, with a -84.5% return.
What was Injective's biggest crash?
Injective's deepest drawdown was -94.7%, from 2021-04-29 to its trough on 2022-07-12. The episode lasted 956 days. It recovered.
Does Injective have negative funding rates?
Injective had negative funding rates on 38.2% of days, with an average annualized funding rate of -1.8%.
How many deleveraging events has Injective had?
Injective has had 82 deleveraging events on record.
Blind chart-reading practice: train on unlabelled market history in the K-line trainer.
Injective history timeline
Draft — pending editorial review
- 2020-10-01 INJ token enters public trading market
INJ became publicly transferable as the network's staking and governance asset.
- 2021-11-08 Injective mainnet launches protocol
The production chain launched with an on-chain exchange and proof-of-stake consensus.
- 2022-07-01 CosmWasm upgrade activates protocol
The upgrade enabled permissionless CosmWasm smart-contract deployment.
- 2023-04-01 Avalon upgrade activates protocol
Avalon added performance, interoperability, and proof-of-stake improvements.
- 2024-01-11 Volan upgrade activates protocol
Volan introduced protocol changes supporting tokenized assets and expanded interoperability.
- 2024-03-19 inEVM mainnet launches ecosystem
inEVM enabled Ethereum-compatible applications alongside Injective's WebAssembly environment.
- 2024-08-01 Altaris upgrade activates protocol
Altaris updated oracle, staking, tokenization, and interoperability components.
- 2025-02-01 Nivara upgrade activates protocol
Nivara introduced additional performance and smart-contract infrastructure changes.
Methodology and coverage
Price history uses a canonical spot series aggregated across major exchanges, with per-row source provenance; yearly and monthly returns compare last close to first open of each period. Drawdowns are measured close-to-close while all-time highs/lows use intraday extremes. The biggest run figure is the largest qualifying trough-to-peak gain since 90 days after this asset's first reliable price record - it reflects the single largest rise on record, not a repeatable cycle, and excludes runs built on sparse or unconfirmed price data. Derivatives metrics use Binance USDⓈ-M perpetual records; deleveraging events are identified from abnormal open-interest contractions under price stress, ranked by a proprietary composite.
Price figures use the canonical spot series; derivatives figures use Binance USD-M perpetual records. See each linked page for its own methodology note.
- First observation
- 2020-10-21
- Latest update
- 2026-07-31
- On record
- 2,110 days
- Market symbol
- INJUSDT
Read the site-wide data methodology.