Ninja, have you considered what would happen if $INJ caught up to $SOL’s market cap? If INJ reached the same market cap as SOL currently has, the price would be around $526–527—that’s exactly the 64.5x shown on the screen. SOL already has a full suite: 8–9 spot ETFs in the U.S. Meanwhile, @injective launched its first U.S. ETF on November 5—the Canary Staked INJ ETF (INJC)—on Nasdaq. AUM is still tiny, at roughly $16 million. Previously, the only option was a European ETP from 21Shares. In short, I think this: SOL already has institutional access and liquidity through ETFs, while INJ is just beginning. If their market caps ever align, it would be an entirely different scale!
Konstantin 🥷Share
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