INJ price stays quiet as Injective pushes major interoperability upgrade. Story Highlights * Injective activated IIP-677 after receiving 72% approval from governance voters. * IIP-678 remains under vote, with Abstain currently leading from 'Yes' votes. * Token Terminal reports approximately $3 million in protocol revenue over the past year. The INJ price has spent much of 2026 trapped between the $3 and $5 range, leading some to assume ecosystem development has slowed and it is the cause of muted price action. The governance record tells a different story. Injective has activated its IIP-677 interoperability mainnet upgrade (v1.20.3) while another core proposal, IIP-678, is already moving through the voting process. The latest upgrade follows earlier architectural expansions, including the Vulcan (IIP-650) upgrade and MultiVM rollouts, signaling that protocol development continues despite muted price action. Interoperability upgrade moves network forward. The approved IIP-677 proposal passed with 72% "Yes" votes after a four-day voting period. It commits the network to version v1.20.3, introducing targeted improvements aimed at strengthening Loading profile preview network operations, protocol reliability, market infrastructure, and cross-chain interoperability. The upgrade also seeks to integrate transfers from additional blockchains, enabling smoother asset movement into the Injective ecosystem while improving operational efficiency and network security. Earlier Vulcan enhancements had already introduced native canonical USDC settlement, reduced transaction fees, expanded real-world asset (RWA) markets, and deployed a next-generation oracle engine alongside refined exchange, insurance, and oracle modules supporting faster buyback and burn cycles. Another governance vote remains open. Development hasn't paused there. IIP-678 remains under active voting until July 31, focusing on recovering an expired IBC light client connected to the QUAD Core chain. The proposal replaces the expired client with an active substitute while maintaining the existing connection and channel. According to the current vote tally, Abstain holds 52.81%, while Yes accounts for 47.18%. Whether that balance changes before voting closes remains to be seen. Revenue keeps rising despite flat price. The INJ price may appear less interesting to many, but protocol activity paints another picture. Injective's governance page has progressed from approximately IIP-615 earlier this year to IIP-678, reflecting more than 60 governance proposals during 2026. Meanwhile, Token Terminal reports approximately $3.0 million in protocol revenue over the past 365 days, generated through its dual-chain architecture. Revenue combines burn auctions on Injective Cosmos and EIP-1559 base fee burns on Injective EVM, highlighting continued protocol activity even while the INJ price remains range-bound. Loading article prices

South Korea giants LG CNS and POSCO International deploy live trade data on Injective blockchain. Key takeaways. * POSCO and LG CNS are tokenizing live receivables across 80+ global branches on Injective. * Enterprise tokenization expands into global trade, building on $3T+ processed via JPMorgan's Kinexys. * POSCO plans to finalize its pilot framework in H2 2026 for a phased rollout across global operations. Overcoming legacy trade bottlenecks. POSCO International and LG CNS have launched a pilot to tokenize live trade receivables on the Injective blockchain, marking one of South Korea's most advanced real-world asset trials. The companies said the project uses actual commercial data from POSCO International's overseas subsidiaries rather than test inputs. One of South Korea's largest trading companies, POSCO International reported $22.2 billion in revenue and operates more than 80 overseas branches across steel, energy and battery materials. LG CNS, the IT arm of LG Group, is one of Korea's biggest technology firms and completed the country's largest IPO since 2022 when it listed in February 2025. Under the pilot, POSCO International's receivables are issued as permissioned tokens on the Injective blockchain. Authorized parties can hold and transfer the assets, and settlement occurs onchain under controls managed by POSCO International's finance teams. According to a media statement, receivables today are tracked separately by subsidiaries, banks and counterparties, slowing reconciliation and delaying access to cash. By placing the receivable on a shared ledger, the record becomes a single object, and compliance rules travel with the token to ensure consistent checks across jurisdictions. Injective was chosen over general-purpose blockchains because its real-world asset module embeds compliance at the protocol level. Identity verification and rules governing who can hold or move an asset are enforced by the chain itself. The network finalizes transactions instantly, produces blocks in under a second and uses an onchain order book designed to prevent front-running - features the companies said are necessary when tokenizing claims representing real money owed. "This PoC is significant in that it validated the applicability of AI and blockchain technology based on real trade data and processes," a POSCO International spokesperson said. "We plan to finalize a pilot operation framework in the second half of this year, centered on areas where operational efficiency gains were confirmed, and will apply them to actual business operations in a phased manner." LG CNS has supplied digital currency infrastructure to more than 220 local governments, contributed to the Bank of Korea's CBDC pilot and operates security token platforms for KOSCOM and Mirae Asset Securities. In March 2026, it partnered with Palantir to deploy enterprise AI across LG Group. Enterprise tokenization has accelerated globally this year. JPMorgan's Kinexys platform has processed more than $3 trillion in cumulative transactions, while Citi has tested private-market tokenization on a public chain with Wellington Management and Wisdomtree. Korea remains one of the most active markets, and POSCO International and LG CNS are extending the model to receivables that underpin global trade. The companies said their goal is a unified framework for trade across all subsidiaries, with settlement faster than the current multi-day cycle and compliance that remains attached to the asset across borders. "Injective was built for regulated finance to run onchain, and a pilot of this scale is exactly what it was designed to carry," Injective co-founder Eric Chem said. "When South Korea's largest trading company and LG CNS choose Injective for live trade receivables, it demonstrates Injective's ability to move real capital markets onchain." Why tokenized assets are still in their early days - what could drive broader adoption. As financial institutions expand tokenized real-world asset (RWA) offerings, Franklin Templeton's Chetan Karkhanis discusses how improving interoperability, regulatory clarity, distribution,...

POSCO puts live trade receivables onchain with LG CNS. July 27, 2026 Updated:July 27, 2026 No Comments 5 Mins Read POSCO Worldwide is testing blockchain-based commerce finance with LG CNS and Injective. * POSCO is testing tokenized receivables created from actual trades between abroad subsidiaries and business counterparties. * LG CNS and Injective help issuance, switch, compliance controls and settlement on one shared ledger. * POSCO plans manufacturing use after testing, however has not disclosed efficiency knowledge or transaction values. The South Korean buying and selling firm has positioned receivables from actual business transactions right into a proof-of-concept system that may concern, switch and settle the claims onchain. The trial makes use of commerce knowledge from POSCO Worldwide's abroad subsidiaries and their counterparties, fairly than simulated invoices. The businesses purpose to create one shared file for consumers, sellers and financing companions whereas maintaining compliance guidelines linked to every digital declare. POSCO checks actual business receivables on Injective Commerce receivables are quantities that prospects owe after an organization delivers items or providers. Companies usually file the identical bill throughout separate programs. Every celebration should verify paperwork and fee standing earlier than settlement. CoinDesk reported that the pilot covers stay commerce between POSCO models and outdoors counterparties. The companions are utilizing Injective, a layer-1 blockchain constructed for monetary functions, to check the issuance, switch and settlement of the claims. A Korean enterprise report mentioned the venture additionally checks AI-based trade-document processing. POSCO Worldwide recorded 32.37 trillion gained in 2025 gross sales, in accordance with its. Its operations cowl metal, vitality and battery supplies. Nevertheless, the businesses haven't disclosed the whole worth or variety of receivables entered into the system. A POSCO spokesperson mentioned the proof of idea "validated the applicability of AI and blockchain know-how based mostly on actual commerce knowledge and processes." Nevertheless, the businesses haven't printed figures on processing pace, prices, error charges or settlement financial savings. POSCO plans to think about stay manufacturing after the take a look at section later this yr. Shared ledger targets sluggish reconciliation work The venture goals to switch separate bill information with a standard ledger. Authorised individuals can view the identical transaction standing and possession historical past. The system can even carry circumstances that management who could obtain or switch a tokenized receivable. This construction might scale back repeated checks when a cargo, bill or fee strikes between international locations. It could additionally give banks and financing companies a clearer file after they assess a receivable for early fee. Nevertheless, the pilot doesn't take away authorized agreements, identification checks, accounting guidelines or native commerce necessities. Tokenization turns a monetary or business declare right into a digital file on a blockchain. On this case, the token represents cash owed to POSCO Worldwide or one in every of its subsidiaries. It doesn't symbolize POSCO shares or give a holder possession within the firm. The venture has not introduced an open marketplace for the receivables or mentioned whether or not exterior traders will purchase them. The present take a look at focuses on enterprise processes, transfers and settlement between authorised events fairly than public buying and selling. LG CNS brings expertise from Korean finance tasks. LG CNS serves because the know-how accomplice. The LG Group firm has constructed blockchain programs for monetary establishments. It additionally took half within the Financial institution of Korea's central financial institution digital forex work and operates tokenization platforms for Koscom and Mirae Asset Securities. ( Injective provides the blockchain layer used to file and transfer the receivables. The companions haven't disclosed how they divide knowledge between onchain information and personal firm programs. In addition they haven't defined what entry controls defend delicate business info. POSCO Worldwide has already examined blockchain in company funding. In April, it introduced South Korea's first foreign-currency digital bond issued by a non-financial firm. The corporate mentioned blockchain diminished the bond's settlement interval from 5 days to 3. The receivables pilot strikes that work into every day commerce finance. Bonds increase funds from traders, whereas receivables come up from regular gross sales. Each tasks use digital information to shorten processing and supply a shared view of possession and settlement. South Korean corporations develop company blockchain checks. The POSCO venture follows different company blockchain trials in South Korea. As crypto.information beforehand reported, Hyundai Motor's U.S. and Mexican operations accomplished a $20,000 treasury fee utilizing USDT on Avalanche. The businesses mentioned the switch took about seven minutes. In the meantime, Circle signed agreements with Kakao Group and Toss to review stablecoin funds, remittances and service provider settlement in South Korea. Individually, Mirae Asset positioned tokenization, safety tokens and stablecoins inside the technique for its newly renamed Digital X enterprise. POSCO's pilot differs as a result of it locations a enterprise declare onchain fairly than sending a stablecoin fee. The receivable can carry possession info and compliance circumstances earlier than fee happens. A stablecoin could later function the settlement asset, however the corporations haven't introduced that step. The companions haven't launched technical paperwork, contract addresses or a manufacturing date. In addition they haven't named collaborating banks or counterparties. POSCO is predicted to resolve whether or not to use the system throughout extra subsidiaries after finishing the testing course of.