Injective has reached a major on-chain milestone, announcing that its network has surpassed 2.8 billion lifetime transactions in what it describes as record time.
The achievement places Injective among the most actively used blockchains in the industry and highlights a sharp divergence between short-term market price action and long-term network fundamentals.
The milestone was confirmed by Injective in a public update, noting a surge in recent activity that pushed total transaction count beyond the 2.8 billion mark:
2️⃣,8️⃣0️⃣0️⃣,0️⃣0️⃣0️⃣,0️⃣0️⃣0️⃣
Onchain Transactions.
In record time.
On the blockchain built for finance.
The future starts on Injective.
— Injective 🥷 (@injective) February 8, 2026
While much of the broader crypto market continues to face volatility, Injective’s underlying usage metrics tell a very different story, one defined by accelerating demand, sustained throughput, and real-world adoption.
Contents
Market Weakness Masks Rising Network Activity
Despite the strong on-chain performance, $INJ has not been immune to market-wide pressure. Over the past month, the token is down nearly 40%, mirroring the broader drawdown across crypto assets.
This divergence between price and usage has become increasingly common during periods of macro uncertainty. Market sentiment may fluctuate rapidly, but transaction data reflects actual demand, users interacting with applications, moving assets, and settling value on-chain.
Injective’s recent performance illustrates this contrast clearly. While price action remains under pressure, activity on the network continues to expand, suggesting that builders and users are prioritizing functionality and speed over short-term speculation.
Historically, such gaps between fundamentals and price have often emerged during transitional market phases, when infrastructure quietly strengthens beneath volatile surface conditions.
Weekend Surge Pushes Injective Into Elite Territory
A key driver behind the latest milestone was a burst of activity over the weekend, during which more than 3 million on-chain transactions were processed in just a short span of time.
That surge pushed Injective’s lifetime transaction count beyond 2.8 billion, cementing its place among the Top 10 most active blockchains in crypto. This ranking is not based on hype or market capitalization, but on raw usage, how often users actually interact with the network.
Crossing into the top tier of blockchain activity signals more than temporary traffic. It reflects consistent demand across decentralized exchanges, derivatives platforms, DeFi protocols, and other on-chain applications built within the Injective ecosystem.
As transaction counts rise, so does the signal that the network is being used as intended: as fast, efficient infrastructure for real financial activity.
Injective Surpasses Ethereum In Transaction Volume
One of the most striking developments came from recent data shared by Token Terminal and highlighted by Everstake.
According to the report, Injective has now climbed to 9th place among all Layer 1 blockchains, officially surpassing Ethereum in transaction volume for the first time in history, a milestone that underscores just how quickly activity on Injective has scaled.
The update was shared publicly by Everstake, drawing attention to what many are calling a historic flip in on-chain activity:
1/3 The Injective era has begun 🥷@injective has now climbed to the 9th rank among all L1 blockchains, officially surpassing Ethereum in transaction volume for the first time in history.
We are witnessing a historic flip in activity. By every single metric, the network is… pic.twitter.com/9Wxfg58ubl
— Everstake (@everstake_pool) February 5, 2026
This comparison does not diminish Ethereum’s role as the largest smart contract platform by value and developer ecosystem. Instead, it highlights a shift in usage patterns. Injective’s architecture, optimized for high throughput and low latency, enables it to process transactions at a pace that older networks struggle to match under similar conditions.
Surpassing Ethereum in transaction volume, even temporarily, places Injective in rare company and reinforces its position as a high-performance Layer 1 built for scale.
Strength By Every Metric
Looking beyond daily spikes, Injective’s longer-term data reinforces the same narrative.
According to the latest 180-day summary, the network has processed an extraordinary 427.2 million transactions over the past six months alone. That level of sustained activity reflects not just bursts of usage, but consistent engagement across the ecosystem.
By every measurable metric, speed, throughput, reliability, and activity, the network appears stronger than ever before. Developers continue to build, users continue to transact, and applications continue to scale without visible congestion.
This consistency is critical. Sustainable blockchain ecosystems are not defined by short-lived hype cycles, but by their ability to maintain performance under growing demand.
Injective’s ability to absorb rising transaction volumes while remaining efficient speaks directly to the robustness of its underlying infrastructure.
A Historic Moment For On-Chain Momentum
The current phase marks a defining moment for Injective.
Reaching 2.8 billion transactions, entering the Top 10 most active chains, and surpassing Ethereum in transaction volume are not isolated achievements. Together, they signal a broader shift toward high-performance networks purpose-built for modern financial use cases.
This progress is unfolding even as market prices remain under pressure, reinforcing the idea that real adoption often advances quietly before it is reflected in valuations.
Moments like this serve as reminders that blockchain innovation rewards persistence, long-term focus, and real-world utility. While price cycles come and go, networks that deliver speed, scalability, and reliability continue to compound value through usage.
Injective’s trajectory suggests that the network is not just surviving the current market environment, it is strengthening within it.
As on-chain finance continues to mature, activity-driven metrics like transaction count, throughput, and user engagement are becoming increasingly important indicators of long-term relevance.
By those measures, Injective is not slowing down, it is accelerating, transaction by transaction.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
