InjectiveINJ
INJ Price Live Data
The live price of Bitcoin is $ --（INJ/USDT）today with a current market cap of $ 2.41B. 24-hour trading volume is $ 2.41B, representing a -432.13% changes from one day ago. INJ is 0.00% in the last 24 hours. It has a circulating supply of 93.40M USDT.
The highest price paid for Injective is 52.74994573512556, which was recorded on 2024-03-14 UTC (almost 5 months). Comparatively, the current price is decrease -51.07% lower than the all-time high price.
The lowest price paid for Injective is 0.65567454, which was recorded on 2020-11-03 UTC (almost 4 years). Comparatively, the current price is increase 3835.72% higher than the all-time low price.
INJ Market Information
About(INJ)
Injective is a blockchain designed for finance. As an open, interoperable layer-one blockchain it powers next-generation DeFi applications including decentralized spot and derivatives exchanges, prediction markets, lending protocols and more.
Injective's core financial infrastructure primitives enable applications to build powerful applications, including a decentralized MEV-resistant on-chain orderbook and decentralized cross-chain bridging infrastructure compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.
Injective offers a next-generation, interoperable smart contract platform based on CosmWasm that features advanced interchain capabilities. Custom developed using the Cosmos SDK and Tendermint's Proof-of-Stake consensus mechanism, Injective ensures instant transaction finality with lightning fast performance (10,000+ TPS).
The Injective ecosystem encompasses over 100 projects and 150,000 community members globally, supported by notable investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban.
Injective's core exchange module offers industry-leading capabilities, such as an advanced on-chain order book and matching engine for spot, perpetual, futures and options markets; resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching; and zero gas fees for users.
Injective natively utilizes IBC and is highly interoperable with multiple layer 1s, including, Polygon and Solana (via an upcoming Wormhole integration). Furthermore, Injective stands out by offering its own decentralized ERC-20 token bridge to connect directly with Ethereum assets within its ecosystem - becoming the first network within Cosmos to do so!
Smart contracts on Injective are implemented via CosmWasm, which facilitates multi-chain smart contract transactions seamlessly. Furthermore, Injective stands out as being one of the only blockchains with automatic smart contract execution; this enables developers to easily create use cases not possible on any other chain.
INJ is designed to support several use cases, including but not limited to: protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives and staking. Below you'll find more details for each of these use cases:
Protocol Governance: The INJ token governs every component of Injective, from chain upgrades to token purchasing and governance of DAOs. Since its mainnet launch, members of the Injective community have actively contributed to its governance through proposals submitted for voting at DAO governance votes - find more here on its comprehensive governance page.
Protocol Fee Value Capture: 60% of fees generated from dApps enter an on-chain buy-back-and-burn auction to maintain the deflationary nature of INJ, accessible here (burn auction page).
Tendermint-Based Proof-of-Stake Security: INJ is used to secure the Injective blockchain via a proof-of-stake mechanism that both validators and delegators can participate in by staking.
Developer Incentives: 40% of fees generated by users using dApps built on Injective are dedicated directly towards incentivizing new developers to use Injective as they build it, creating an ever growing pipeline of builders joining Injective.
FAQ About Injective (INJ)
What is Injective (INJ)?
Injective is the blockchain solution tailored for finance.Injective is the only blockchain platform where developers can find robust out-of-the-box modules such as a decentralized orderbook that can help them build complex applications easily and quickly. Furthermore, Injective provides an open interoperable smart contracts platform.Injective was developed using the Cosmos SDK and can quickly reach instant transaction finality using Tendermint proof-of-stake consensus framework. Furthermore, Injective provides fast cross-chain transactions across large layer one networks such as Ethereum and Cosmos Hub.The Injective ecosystem is a decentralized application network designed to offer users an exceptional user experience. Through providing unrestricted and unprecedented access to decentralized financial markets, products, services and toolsings the Injective ecosystem enables individuals with more efficient capital allocation strategies.
What is Injective (INJ) Price Now?
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Where to Buy Injective (INJ)?
You can buy INJ on some cryptocurrency exchanges. Choose one that suits you. You also can buy INJ on Toobit with USDT. Read our guide on
How to Trade Spot on Toobit for more information.
How to Buy INJ?
You can buy INJ with USDT here on Toobit. Read our guide on
How to Buy Crypto on Toobit for more information.
What are INJ Token Tokenomics?
1. Proof of Stake Security2. Governance3. Exchange dApps Incentives4. Exchange Fee Value Accrual5. Collateral Backing for Derivatives
How Many INJ Are in Circulation?
INJ has an 82 million circulating supply as of April 2023 and maximum supply stands at 100 billion tokens.INJ is the utility token powering Injective's fast-expanding ecosystem and platform.The INJ token serves multiple functions, including protocol governance, value capture of decentralized apps (dApps), Tendermint-based Proof-of-Stake security (PoS) protection and Developer Incentives/Staking.The INJ token is highly deflationary: every week, 60% of fees from Injective-built dApps are auctioned off through a buy back and burn mechanism, thus leading to an exponential reduction of INJ supply over time.The Injective network empowers developers to: * Create interoperable cross-chain DeFi applications with fast transaction times and instant finality. * Access deep cross-chain liquidity as well as novel financial instruments, such as decentralized perpetual swaps, expiry futures, binary options and prediction markets. * Launch applications using an automated smart contract implementation unique to Injective layer 1. * Permissionlessly list new markets on exchange dApps built on Injective without incurring gas fees for listing them. * Gain access to various dApps built on Injective with no gas fees due.
What are the benefits of holding INJ coin?
Holding INJ coin provides several benefits, such as the ability to participate in platform governance decisions, earn staking rewards, and access exclusive features and rewards on the Injective Protocol platform. Additionally, INJ coin holders can benefit from potential price appreciation as the platform grows in popularity.
How can users acquire INJ coin?
Users can acquire INJ coin through various means, such as purchasing it on cryptocurrency exchanges, participating in staking and liquidity mining programs on the Injective Protocol platform, or earning it through trading and providing liquidity on the platform. Additionally, users can participate in airdrops and other promotional events to receive free INJ coin.
What sets INJ coin apart from other cryptocurrencies?
INJ coin stands out from other cryptocurrencies due to its focus on decentralized exchange and cross-chain trading. The Injective Protocol platform offers a unique and innovative approach to trading by utilizing a decentralized order book model, enabling users to trade across different blockchains seamlessly. Additionally, the platform's governance system gives INJ coin holders a say in important platform decisions, setting it apart from other cryptocurrencies.
What factors could potentially affect the INJ price in the near future?
Market sentiment: The overall mood of the cryptocurrency market can heavily influence the INJ price. Positive news and developments regarding Injective Protocol could lead to an increase in demand and subsequently drive up the price.Regulatory developments: Any new regulations or legal challenges for decentralized exchanges such as Injective Protocol could impact the price of INJ. Investors may react negatively to adverse regulatory news, leading to a drop in price.Integration and partnerships: Collaborations with other projects or platforms could positively impact the price of INJ as it increases exposure and utility for the token.
How has the INJ price evolved over the past year, and what are some key milestones that have influenced its price movement?
The INJ price has experienced significant volatility over the past year, reaching an all-time high in May 2021 before correcting along with the rest of the market. Key milestones that have influenced its price movement include the launch of its mainnet, listing on major exchanges, and partnerships with other prominent projects in the industry.The INJ price has also been impacted by broader market trends and sentiment, with major price movements often coinciding with market-wide rallies or corrections.
What are some potential price predictions for INJ in the near future, and what are the factors driving these projections?
Price predictions for INJ in the near future vary depending on market conditions and factors specific to the project. Some analysts have predicted that INJ could reach new all-time highs based on its strong fundamentals, growing adoption, and positive sentiment within the cryptocurrency community.Factors that could drive these projections include the continued development of Injective Protocol, new partnerships and integrations, and broader market trends. It's important to note that price predictions are speculative in nature and should be taken with caution.
