Injective's INJ Goes Live on Solana via Sunrise, Now Trading on Raydium and Meteora

Injective's native token INJ began trading on Solana on September 17, 2026, via Sunrise, Wormhole Labs' unified token gateway for the network. Raydium RAY$2.38+3.8% confirmed the listing at 14:23 UTC: "INJ is live on Raydium. Injective is now trading 24/7 on Solana via @sunrise, bringing the native asset of the Injective network to Raydium." Injective's account later designated Raydium a "day one launch partner", with pools open against SOL and other SPL tokens.

How Sunrise Gives INJ a Single Canonical Address on Solana

Sunrise, built by Wormhole Labs and launched in November 2025, routes new foreign assets onto Solana through a unified pathway using Wormhole's Native Token Transfers (NTT) framework. Rather than letting each bridge produce its own wrapped representation of INJ (separate mint addresses, separate liquidity pools, separate confusion for users), Sunrise creates one universally recognized SPL token address per asset.

Fragmented wrapped tokens split liquidity across isolated pools and widen slippage on every trade. Sunrise's approach consolidates that liquidity behind a single canonical mint, making the day-one pool on Raydium the venue rather than one of several competing ones.

Monad's MON was an earlier asset to go through the Sunrise gateway. INJ extends the pattern to a Cosmos-based chain with its own substantial trading history and active staking base.

Trading INJ on Raydium Pools and Meteora's Dynamic Bonding Curve

Both of Solana's major liquidity venues moved on the listing. Raydium's standard AMM pool structure allows continuous INJ/SOL and INJ/SPL trading from day one. Meteora MET$0.422+4.4% is opening the token as a quote asset for new launches through its Dynamic Bonding Curve (DBC): projects can now create tokens paired with INJ, with liquidity flowing into Meteora pools.

Meteora wrote on the listing: "Launch new assets paired with $INJ using Meteora DBC, with liquidity flowing into Meteora pools. A new asset. A new quote pair. A new world of markets to build. If it's on Solana, you can launch it on Meteora."

INJ has a total supply cap of 100 million tokens. Staking on the native Injective network reached an all-time high of 58.8 million tokens around the time of the Solana listing. The on-chain SPL supply was early-stage as of launch day, with the Sunrise-listed token having gone live hours before this was written.

Sunrise's Cross-Chain Roster Grows: Injective Follows MON Into Solana DeFi

Injective is a Cosmos-based Layer 1 blockchain focused on financial applications, with real-world asset tokenization pilots exceeding $1 billion in value, according to CryptoBriefing, and active integrations spanning multiple chains. The Solana listing gives the native INJ token a direct on-chain trading venue alongside Solana's DeFi protocols for the first time without relying on fragmented bridges.

Wormhole's case for the Sunrise gateway rests partly on what happened when earlier cross-chain assets listed this way. At Breakpoint 2025, Wormhole shared data showing Solana's on-chain markets matched top-five centralized exchange volumes on day-one token listings, illustrating how quickly Solana DeFi can absorb a new asset when it arrives through a unified gateway.

Earlier today, Sunrise also handled Forward Industries' tokenized FWDI stock listing via Backpack Securities, redeemable 1:1 for real shares. The two listings on the same day reflect Sunrise's positioning as the intake mechanism for both tokenized equities and native cross-chain crypto assets entering Solana.