Injective

The COIN50 Index released this month by @Coinbase aims to be the S&P 500 index for crypto.

$INJ was also just added to this highly selective index enabling institutions and everyday users to seamlessly access INJ through mainstream rails.

What does this mean?

The COIN50 tracks the top 50 crypto assets, spanning 80% of total market cap, and reflects the diversity of sectors like Smart Contract Platforms and DeFi—the two largest classes in the index. Holding this asset allows users to access a basket of assets that has underwent Coinbase's rigorous screening criteria.

Launched on November 12th, 2024, with a base date of December 31st, 2020, the index provides a dynamic and diversified snapshot of the most impactful projects in the digital asset space.

Since its base date on December 31st, 2020, the COIN50 has delivered an astonishing 356.73% total return, far outpacing the S&P 500’s 52.80% over the same period. This reflects the exponential growth of crypto assets as an emerging class, despite higher volatility.

By covering the top-performing projects while adhering to principles like transparency, immutability, and security, the COIN50 mirrors the early stages of iconic benchmarks like the S&P 90 Index before it evolved into today’s S&P 500.

Injective’s inclusion is a testament to its growing influence in decentralized finance, bridging institutional and retail adoption with cutting-edge infrastructure.