The post INJ, ETH, KDA, AVAX, and BRETT Performance Update appeared on BitcoinEthereumNews.com.

Injective’s recent upgrades have significantly improved blockchain speed, enhancing its scalability and performance. Ethereum’s derivatives market reveals high liquidation rates for long positions, highlighting increased market volatility. Avalanche’s derivatives market shows bullish sentiment with rising trading volume and a strong preference for long positions. Injective (INJ) is leading the charge with impressive blockchain upgrades, while Ethereum (ETH) experiences a slight price dip. Kadena (KDA) and Brett (BRETT) also see price decreases, while Avalanche (AVAX) bucks the trend with positive gains. Let us break down the latest cryptocurrency market activity with their corresponding trading volumes. Injective’s recent upgrades have significantly boosted its blockchain scalability, reducing block times to an impressive 0.65 seconds. This makes it one of the fastest layer 1 blockchains in the market. Currently, INJ is trading at $18.46, reflecting a slight 0.38% dip in the past 24 hours. Source: Coinglass Trading volume over the last 24 hours reached $58,569,854, contributing to a market cap of $1,802,172,729. There are currently 97,622,780 INJ coins in circulation. Derivatives open interest has climbed 1.40% to $75.06M, and platforms like Binance and OKX are seeing more traders take long positions on INJ than short positions. Ethereum (ETH) has seen a price of $2,542.73, marking a 3.87% decline in the past 24 hours. Even with this dip, ETH remains a major player with a trading volume of $11.9 billion and a market cap of $305.9 billion. The circulating supply is 120.3 million ETH coins. The ETH derivatives market continues to favor long positions, evident from high long/short ratios. However, liquidations for long positions have been notably higher, indicating increased market volatility. Binance, OKX, Bybit, and Bitfinex remain the top platforms for ETH derivatives trading. Kadena has experienced a price decrease, currently at $0.497440, down 5.52% in the last 24 hours. Its trading volume stands…

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Filed under: News - @ August 22, 2024 5:22 am