🚀 Cryptocurrency and blockchain news! 🚀

- Injective (INJ), a popular Cosmos-based blockchain platform for decentralized finance, is going through tough times. The token price has fallen to $16.90, the lowest since August 8.

- Despite the growth of transactions on the network, the ecosystem is facing challenges. DEX protocol volume over the past 7 days was $43.7 million, which puts Injective in 23rd place in the industry.

- Total value locked (TVL) in the Injective ecosystem has decreased to $46.5 million, while the stablecoin volume has fallen to $22.6 million.

- Altcoin trader Sherpa warns of a possible further decline in the INJ price, noting a bearish trend on the chart.

What do you think about the future of Injective? Share your opinion in the comments! 💬