Injective is down 15.18% in the last 24 hours, with the current price at $5.09, representing a -10% decrease from 24 hours ago. Over the past 7 days, Injective has declined 16.40%, underperforming the broader cryptocurrency market which is down 12.20%. Injective activated its Vulcan Mainnet upgrade on June 4 following near-unanimous governance approval, with the upgrade introducing a new oracle engine that cuts gas costs for price updates by 90%. Concurrently, Merkle Capital launched M-INJ, the first regulated INJ investment fund in Asia, expanding compliant access for regional investors.