Injective Protocol

Injective Protocol

INJ
$24.02%-3.63

Key Metrics

Price$24.02
Real Volume (24H)$124,886,104.7
Marketcap$2,243,194,829.72
Fully Diluted Valuation$100,000,000
ATH$24.89
ATH DateN/A
ATL$0.657401
ATL DateN/A
Circulating Supply49M
Total Supply100M
Popularity Rank43
Chart
What is Injective Protocol?

Injective is a blockchain platform designed specifically for the finance industry that is open, interoperable, and optimized for DeFi applications. It was incubated by Binance Labs back in 2018 and debuted on Binance Launchpad in 2020. The mainnet launched in November 2021, and in August 2022, Injective announced a $40M raise led by Jump Crypto and BH Digital.

The Injective blockchain offers financial infrastructure primitives that DeFi applications can use, such as a fully decentralized on-chain orderbook that is resistant to MEV. It also offers all types of financial markets, such as spot, perpetual, futures, and options, which are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains such as Solana.

The platform is smart contracts-enabled and utilizes a Tendermint Proof-of-Stake consensus mechanism, providing instant transaction finality and fast performance of over 10,000 transactions per second. The ecosystem includes over 100 projects and more than 150,000 community members worldwide, and it is backed by investors such as Binance, Pantera Capital, Jump Crypto, and Mark Cuban.

The native utility token of Injective is called INJ, which enables community members to participate in governance, validation, burn auctions, and more. The INJ token can also be used for various purposes, including protocol governance, dApp value capture, PoS security, developer incentives, and staking.

Injective's aim is to provide financial infrastructure primitives that DeFi applications can use to create next-generation decentralized finance (DeFi) applications. The platform is built using the Cosmos SDK and offers advanced interchain capabilities, making it a highly interoperable smart contract platform.

With its robust features and strong backing from industry leaders, Injective is poised to become a leading player in the rapidly growing DeFi space. Its commitment to decentralization, interoperability, and community governance makes it an attractive option for developers and investors looking to participate in the future of finance.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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