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Solana was in the spotlight during the last couple of months. Its the comeback kid, from being down to under $8 a year ago to a recent high of $121 for SOL.The chain is currently the 5th largest project measured by market cap. During last year, SOL saw a price increase of 285%.

However, at the same time, other chains are also doing well. The Layer 1 space is a competitive one. One chain that stands out is Injective (INJ). The INJ token went up by 1646% during last year and reached a new ATH of $45.01 on the 9th of January. They also became the chain with the lowest transaction cost of all chains. Lets take a look at what else Injective has cooking, and if it can surpass Solana.

Last week, on the 19th of January, Injective launched Gas Compression. On their blog, its introduced as one of the largest technical breakthroughs.And the result IS impressive. Injective now boasts the lowest transaction fees of all chains. In the whole crypto space! Well, to be honest, thats quite a feat.

This honor was Solanas, but not anymore. You can see in the picture that Injective beats Solana, hands down. Solana is at $0.00045.However, with the current INJ price, the Injection transaction fee is at $0.0003. Thats a third cheaper compared to Solana.To clarify, the Injective fees are 0.00001 INJ. So, theres still a bit of room for INJ to see a positive price change and still have the lowest transaction fees.

This is also great news for developers, users, and even institutions. So, lets take a look at what some actions will cost you:

These are exactly the high-frequency traders who need this.Users like you and me also benefit. For example, with:

We can do all these things and dont have to worry about high transaction fees. The Injective transactions are almost free. Dapps that are already available on Injective can easily change the gas configuration. It was 500,000,000, the new rate is 160,000,000 INJ.

On the 11th of January, Injective also introduced the Volan upgrade. This also saw some great improvements. To date, this was the largest update to their mainnet. Here are some of the upgraded features:

This first round sees Injective with quite some impressive new features. So, lets take a look at what else is brewing under the Injective hood.

The next big news for Injective is that all its tokens are now unlocked. The last unlock event was only a few days ago, on the 21st of January: 3.67 INJ tokens were unlocked, or $130 million at current rates.

However, instead of a price dump, the INJ price went up. Typically, a token unlocks events to see a price decrease. This event turned out to be a catalyst. Let me explain why.3.33 million tokens were for the team. However, the team already had 16% of their total allocation unlocked. So, there was no sales pressure. The remaining 333k tokens were for advisors.

The advisors unlock was worth around $13 million. But check this out, daily trading volume for INJ was around 150 million. The market could easily absorb these tokens. Thats providing the advisors sold them at all. Furthermore, markets look forward. This was the last unlock, its actually a bullish signal.

On a different note, 49 million INJ are already staked. The current circulating supply is 80.8 million, so thats 60.6% INJ staked. The rewards are 15.83% and 5.8 million INJ are already burned.

Now, you may ask where the INJ staking rewards come from. To make a long and technical story short, it seems like a legit way. Its due to inflation, at least for the most part. This contrasts with Solana, which heavily subsidizes its staking rewards. Injective staking rewards come from inflation and other protocol incentives. 5C We can also observe increased staking participation.

Being a deflationary token also helps. Something we like here at Altcoin Buzz. Injective already installed the 2.0 burn mechanism. Each week, Injective burns around 15k INJ. Thats 60+K INJ or $1.9 million per month. Thats deflation for you in full swing, right there.

And thats a big difference to Solana. Solana has an unlimited supply of SOL tokens, its an inflationary token. Solanas staking % is around 68%. However, the rewards are only 5% So, thats 2-0 for Injective.

To sum up, Injective (INJ) has some impressive stats and features. Currently, its listed as #31 by market cap. Solana holds spot #5. However, having said that, Injective seems to be ticking all the right boxes. The uptrend doesnt seem to be at an end for its INJ token. It has many bullish things going on. It may surpass Solana in the future.

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Why Injective (INJ) is Set to Overtake Solana (SOL)? - Altcoin Buzz