Injective*L1
INJ$7.94−0.5% 24has of 2026-11-10 10:17 UTC
Polygon35.9×
Celo73.2×
Tron103×
Katana125×
Starknet164×
Solana197×
Linea232×
Arbitrum248×
Fair price
$73.58
+827% from $7.94
Pays $282 per $1 of yearly fees · median $2.61K
Undervalued rank
#9of 59
#9 of 59 ranked by revenue multiple (90d)
Key figures
- FDV
- $795M
- fully diluted
- Market cap
- $795M
- circulating
- Yearly fees
- $2.82M
- $603K over 78/90 days
// fee history
Daily fees
- Latest day
- $9.57KOct 28
- Daily average
- $7.73K78 days
- Peak
- $11.5KOct 1
- Coverage
- 78/90d12 missing days
Injective daily fees from Aug 12, 2026 to Oct 28, 2026: latest $9.57K, average $7.73K per day, peak $11.5K on Oct 1, 2026.
Complete UTC days through Nov 9, 2026. Missing days are left as gaps, never filled with zero. The range only changes the view; the multiple uses the 90d window.
// peers
Chains like Injective
Nearest multipleclosest FDV / fees
Similar fee scaleclosest annualized fees
// next
Put Injective side by side with another chain
Fair price, value vs fees and fees, side by side.
- Polygon35.9×
- Celo73.2×
- Tron103×
- Katana125×
- Starknet164×
- Solana197×
- Linea232×
- Arbitrum248×
// about
Injective’s fees and valuation
Injective is the #9 most undervalued chain of 59. It earns $2.82M a year in network fees at a $795M FDV: a revenue multiple of 282×, 9.3× cheaper than the median chain. At the median multiple, INJ would be worth $73.58, +827% from $7.94 today. Some days are missing fee data, so the yearly figure is estimated from the days available.
For comparison, Injective is 4.5× cheaper than Ethereum (1,268×) and 64× cheaper than Bitcoin (18,076×).
// faq
Injective FAQ
Is Injective undervalued?
By its fees, yes. Injective trades at a revenue multiple of 282×, 9.3× below the median chain, and ranks #9 of 59 most undervalued.
How much does Injective earn in fees?
$2.82M a year, annualized from the last 90 days of network fees (DefiLlama). Some days are missing fee data, so the yearly figure is estimated from the days available.
What would INJ be worth at a fair revenue multiple?
$73.58, +827% from $7.94 today. That's the price at the median revenue multiple of all ranked chains.