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Injective
INJ

$21.08
Market Cap
-2.39% $2,060,047,392
Fully diluted market cap
$2,108,586,593
Circulating supply
97,698,021 INJ
Total supply
97,698,021 INJ
Max. supply
-
Volume 24h
+2.43% $92,844,686
Volume/Market cap (24h)
+4.51%

Ratings

Average ratings from the community
4.4
85 Ratings
Average ratings from the community
This content is for informational purposes only

logo
Injective
INJ

$21.08
1D
7D
1M
3M
1Y
ALL
Market Cap
-2.39% $2,060,047,392
Fully diluted market cap
$2,108,586,593
Circulating supply
97,698,021 INJ
Total supply
97,698,021 INJ
Max. supply
-
Volume 24h
+2.43% $92,844,686
Volume/Market cap (24h)
+4.51%

INJ Price Calculator

INJ
USD
1 INJ equals $21.08 United States Dollar
Last updated 2024/10/07 19:00:08 (UTC)

Ratings

Average ratings from the community
4.4
85 Ratings
Average ratings from the community
This content is for informational purposes only

INJ Market

INJ Market Stats

24h Low & High
Lowest Price
$20.00
Highest Price
$21.45
All Time High
$52.74
Price Change(1h)
-2.39%
Price Change(24h)
+2.64%
Price Change(7d)
-8.55%

INJ Price Live Data

The live price of Injective is $21.08 per (INJ/USD) today with 24-hour trading volume is $92.84M USD. INJ to USD price is updated in real-time. Injective is +2.64% in the last 24 hours.

INJ Price Performance

24DAYS
$0.80
+4.00%
30DAYS
$4.60
+28.31%
90DAYS
$0.88
+4.45%
1YEAR
$13.14
+170.41%

About Injective (INJ)



Injective (INJ) is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.

Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. In addition, all forms of financial markets such as spot, perpetual, futures and options are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.

Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (25,000+ TPS).

The Injective ecosystem includes 100+ projects and over 150,000 community members globally. Injective is backed by a group of prominent investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban.

## How Does Injective Work?
Injective is comprised of four principal components:
* Injective Chain nodes
* Injective's bridge smart contracts and orchestrator
* Injective API nodes
* Injective dApps and tooling

Injective Chain

The Injective Chain is a public blockchain network custom built to support the next generation of DeFi applications. Injective utilizes Tendermint consensus and the core protocol logic is implemented through native modules built on top of the Cosmos-SDK and through smart contracts on the CosmWasm smart contract layer.

Injective Bridge

The Injective provides a decentralized cross-chain bridging infrastructure with Ethereum as well as with any IBC-enabled blockchain. Injective’s Ethereum bridge is decentralized and secured by the validators of the Injective chain, and is powered by Injective’s custom peggy bridge system. Notably, beyond just supporting standard ERC-20 transfers, Injective also supports the transmission of arbitrary data, enabling novel cross-chain execution and smart contract interoperability capabilities with Ethereum. Additionally, as an IBC-enabled blockchain, Injective supports cross-chain bridging with any other IBC-enabled blockchain, allowing developers and users to access assets from hundreds of other blockchains.

Injective API Nodes

The two purposes of Injective API nodes are (1) Serving as a data layer for the protocol; and (2) Providing transaction relay services. Injective API nodes serve as a decentralized data layer for external clients. Each Injective API node indexes data from the Injective blockchain in real time and provides high performance, low latency APIs that are out-of-the-box compatible across various use cases, including, but not limited to: hosting user interfaces for applications such as exchanges, programmatic trading and high frequency market making, and hosting various dApps, analytics interfaces, block explorers and more. Additionally, Injective API nodes can optionally provide a transaction relay service which allows applications to provide users the ability to send transactions with zero-gas fees paid, through Injective’s fee delegation mechanism.

Injective dApps and Tooling

Injective is a fully decentralized protocol which allows for individuals to access both the blockchain and dApps built on-chain in a permissionless manner. A number of dApps are currently built on Injective. Presently, the most widely used dApps built on top of Injective are decentralized exchanges (DEXs), which provide individuals with an advanced decentralized trading experience. One popular dApp built on Injective is Helix which is one of the fastest growing decentralized derivatives exchanges. Beyond DEXs, Injective also powers several other decentralized applications, including dApps for insurance, prediction markets, binary options and more.

## Unique Features of Injective

Below are some of Injective's key elements.

Layer-1 Smart Contract Blockchain

Injective provides a start of the art interchain L1 that is able to achieve ultra fast speeds while charging zero gas fees.

Unlimited DeFi Applications

Injective allows anyone to build DeFi applications with Injective’s robust infrastructure and financial primitives such as an on-chain order book.

Cross-chain Trading and Yield Generation

Injective is capable of supporting a diverse array of trading and yield generation activities across distinct layer-1 blockchain networks such as Cosmos and Ethereum.

Community Driven Network Governance

Injective is governed by its decentralized community in which all new innovations are voted on by a Decentralized Autonomous Organization (DAO) structure.

Pioneering Interoperability

Injective is the most interoperable blockchain with native connections to Etheruem, Cosmos, Solana and much more.

Fully Customizable

Ship your products with the ability to swiftly modify any parameter to fit your use case.

Intuitive Developer Experience

Flexible and expressive development environments powered by Rust and Golang.

Environmentally Friendly

A 99% lower carbon footprint through Injective’s Tendermint PoS consensus mechanism.

## Contributors to Injective

Injective Labs is one of the contributors to Injective, the blockchain built for finance.

Eric Chen is the CEO and Co-founder of Injective Labs, a research and development company. Eric’s passion for crypto and blockchain started with mining Ethereum and participating in cryptographic research in college while studying finance and computer science. After working at a major crypto hedge fund, he decided to drop out of college and founded Injective Labs together with Albert Chon (CTO).


## Use Cases of INJ Token

INJ is the native utility and governance token of Injective. INJ is a scarce asset that is used for governance, token burn auctions and staking on the PoS network.

The burn auctions on Injective are especially unique since 60% of all fees collected from dApps are auctioned off every week via a buy back and burn mechanism. This in turn allows the supply of INJ to dramatically decrease over time. The INJ burn auction is unique in that it helps accrue value for the entire Injective ecosystem. Currently, Injective has the highest token burn ratio in the industry.

The use cases intended for INJ include but are not limited to: protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives and staking. Further details regarding each of these use cases can be found below.
* Protocol Governance: The INJ token governs every single component of Injective, including chain upgrades. Since its mainnet launch, the Injective community has actively contributed to governance, with all proposals passing through a DAO governance vote. The comprehensive governance page is available here.
* Protocol Fee Value Capture: 60% of all fees generated from dApps enter an on-chain buy-back-and-burn auction to maintain the deflationary nature of INJ. The burn auction page is available here.
* Tendermint-based Proof-of-Stake (PoS) Security: INJ is used to secure the Injective blockchain using a proof-of-stake mechanism. Validators and delegators can both participate in staking.
* Developer Incentives: 40% of fees generated by users on dApps built on Injective go directly towards incentivizing new developers building on Injective which brings an ever growing funnel of builders to Injective.

Injective (INJ) is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. In addition, all forms of financial markets such as spot, perpetual, futures and options are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (25,000+ TPS).The Injective ecosystem includes 100+ projects and over 150,000 community members globally. Injective is backed by a group of prominent investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban.

INJ To Local Currency

Last updated 2024/10/07 00:00:02 (UTC)

How To Buy Injective

When it comes to buying crypto, you have a lot of options. Our guide will provide step-by-step instructions on how you can buy Injective and help you discover other cryptocurrencies similar to Injective.

FAQ

Q
What is the current price of Injective?
A
We update our Injective to USD price in real-time. Get the live Price of Injective on CoinMapAi.
Q
What is the 24 hour trading volume of Injective?
A
Over the last 24 hours, the trading volume of Injective is $92.84M.
Q
What is the all time high of Injective?
A
The all-time high of Injective is $52.74. This all-time high is highest price paid for Injective since it was launched.
Q
Where can I buy Injective?
A
Injective can be purchased on multiple centralized exchanges. Please check our buying guide: buy Injective guide.
Cryptocurrency investment activities, including actions done to buy Injective online via OKX, are subject to market risk. OKX provides easy and convenient ways for you to buy Injective instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Injective purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.

CoinMapAi is your gateway to the Web 3 world, serving as a guide to help you quickly familiarize yourself with and enter the world of cryptocurrency.

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