Injective Chain's weekly decentralized exchange trading volume fell 72.47%
Original headline인젝티브 체인, 주간 탈중앙화거래소 거래량 72.47% 줄었다
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Injective (INJ) chain’s seven-day DEX volume fell 72.47% week over week to $8.74 million, according to DeFiLlama data dated November 4. The metric covers trading executed through decentralized exchanges on Injective and is distinct from Binance’s INJ spot volume or token revenue. INJ was quoted near $7.87, with $7.90 identified as initial hourly resistance in technical analysis cited by The Cryptonomist. The sharp drop matters because it signals cooling on-chain trading activity on the chain even as the token trades near a closely watched short-term level. Next, watch whether DEX volumes stabilize and whether INJ can clear the $7.90 resistance area.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Injective (INJ), INJ (INJ), DeFiLlama, The Cryptonomist
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