Injective Tests EVM Compatibility for Smart Contracts: Is INJ The Best Crypto To Buy Now?

Injective Protocol tests EVM compatibility for Ethereum smart contracts to run natively. After SBET and stock tokenization, is INJ crypto ready for a 130% rally?

Crypto prices are stable, flatlining over the weekend but emerging strongly, closing above $4 trillion. Bitcoin’s dominance is below 60% but Ethereum is gaining traction and is now one of the best cryptos to buy. With hundreds of millions of dollars funneled into the second-most valuable coin, the altcoin season is imminent.

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Is INJ Crypto Ready for a 130% Spike?

Ahead of this anticipated surge in altcoin prices, Injective has been making headlines over the past few days. Accompanying this stream of positive news are firm INJ (No data) crypto prices.

As of July 28, INJ is steady, up nearly 20% from Friday, July 25. Over the weekend, prices ticked higher, reversing losses from last week, placing bulls in a strong position to break $16 in a bullish breakout formation.

Should buyers succeed, fully reversing losses from July 23, it could set a strong foundation for INJ to soar back to December 2024 highs of around $35. If it happens, INJ crypto will be among the next 1000X cryptos to consider.

From current rates, this would represent an uptick of approximately 130%, a massive boost for INJ, whose developers have been actively building and refining the platform’s offerings.

Technically, the coin has been moving sideways after the surge from April 2025 lows. A close above $17 this week could provide the necessary tailwinds for buyers to press on, printing higher highs and even reversing losses from H1 2025. In that event, INJ could expand to $35, riding the DeFi wave, a sector that Injective Protocol seeks to serve.

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Launch of EVM Environment in Testnet

Last week, Injective developers announced a pivotal step in their quest to create not only a high-performance product but also one that is interoperable with the first smart contracts platform.

In a post, they said they had successfully tested an EVM environment on Injective that, once deployed on the mainnet, would allow Ethereum-compatible smart contracts to run natively on its rails.

https://twitter.com/injective/status/1949486718077579477

This deployment means Injective will eliminate the need for cross-chain bridges or rollups, allowing DeFi protocols seeking to run on Ethereum to concurrently operate on Injective, taking advantage of its low fees and high scalability.

During tests, the EVM environment that Injective developers aim to integrate delivered 320–800 TPS in a mainnet-simulated environment. However, it could process up to 12,500 transactions per second, or up to 4X faster than other EVM-based solutions.

This test and planned mainnet launch will complement the Injective Multi-Virtual Machine Token Standard (MTS), which reduces duplication and enhances composability.

Injective Leads the RWA Tokenization Charge

Besides building, Injective Protocol launched the SBET stock on the mainnet after releasing the first on-chain Digital Asset Treasury (DAT) last week.

https://twitter.com/injective/status/1948384103419531482

Through DAT, Injective Protocol tokenized the SBET stock, through which SharpLink, a public company, mirrors MicroStrategy’s plan and launches an Ethereum treasury.

The tokenization of the SBET stock transforms SharpLink’s static ETH holdings into 24/7 tradable assets that can also generate yield and be used as collateral in DeFi protocols supported via Injective Protocol’s iAssets.

On Injective, Bondi Finance also introduced tokenized bonds as the DeFi-centric platform increasingly moves toward tokenizing real-world assets.

On Bondi Finance, users can mint bond tokens during the funding phase before trading them on secondary markets. This makes corporate bonds more accessible to retail and institutional investors.

Tokenized corporate bonds can be integrated into DeFi protocols or used in derivatives, enhancing utility and boosting liquidity.

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