Injective has finished moving its native INJ token onto the Ethereum Virtual Machine (EVM), a shift the project describes as a key step for decentralized finance and liquidity. Coinbase, one of the largest crypto exchanges, is backing the transition.
Why the migration was needed
The move brings INJ directly onto EVM-compatible chains, making it easier for users to interact with Ethereum-based applications without wrapping tokens. Injective says this should reduce friction for traders and developers, and open up deeper liquidity pools. The project has been building toward this for months, and the completion marks a technical milestone.
Coinbase's role
Coinbase is supporting the migration, meaning its users can deposit and withdraw native INJ on the exchange. That's a big deal for accessibility — Coinbase has millions of retail and institutional customers. The exchange didn't say whether it would list INJ for trading, but supporting the native token on EVM is a prerequisite for any future listing. For now, the focus is on making sure deposits and withdrawals work smoothly.
What INJ holders need to know
If you hold INJ on Coinbase, the exchange will handle the technical side of the migration. Users don't need to do anything. But if you hold INJ elsewhere, you may need to check whether your wallet or platform supports the new native token. The project has published guides for self-custody users. The old wrapped versions of INJ on other chains should still be usable, but liquidity is expected to shift toward the native version over time.
The migration is part of a broader push by Injective to make its ecosystem more interoperable. By going native on EVM, the project can tap into Ethereum's massive developer and user base without relying on bridges — which have been a frequent target for hacks in DeFi. That alone could make the move attractive for liquidity providers.
Coinbase's support adds a layer of trust. The exchange has been selective about which tokens and migrations it backs. Getting Coinbase onboard early signals that the transition was well-planned and that the exchange sees value in it.
For now, the migration is live. Injective says it will continue to monitor the rollout and address any issues. Users should check Coinbase's official support page for the latest on deposit addresses and timelines. The next few weeks will show whether the promised liquidity improvements materialize.
