Injective price 

INJ

Injectvie Labs is the research and development company that first began contributing to Injective Protocol.

Eric Chen is the co-founder of Injective Labs. Prior to founding Injective, he worked as a cryptographic researcher and trader at a major crypto fund where he led innovative market neutral trading efforts in the blockchain space as well as investments into prominent companies such as 0x, ChainLink, and Cosmos. Chen has extensive knowledge about blockchain protocols and traditional finance along with a native understanding of both eastern and western blockchain-based protocols and communities.

Albert Chon is the CTO of Injective Labs. He graduated with a Bachelor’s and Master’s degree in computer science from Stanford University and was a software development engineer at Amazon. He is well known for pioneering a new Ethereum standard that is used by a number of major projects today and co-founded Injective Labs with Eric Chen.

Injective provides the most advanced, next-generation financial infrastructure for building DeFi applications on top of the Injective blockchain. Users can access these applications in a fully decentralized, fast, cross-chain, low-fee, and secure manner.

Some of Injective's key elements include:

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 orderbook.

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.

The tokenomics of INJ is as follows: maximum supply of INJ tokens is 100,000,000 and circulating supply is currently 80,005,555 INJ as of April 2023.

INJ is the native utility token that powers Injective and its rapidly growing ecosystem.

The INJ token is used across a diverse range of functions such as: * Protocol governance * dApp value capture * Tendermint-based Proof-of-Stake (PoS) security * Developer Incentives * Staking

The INJ token is highly deflationary. 60% of all fees from dApps built on Injective are auctioned off every week via a buy back and burn mechanism, allowing the supply of INJ to dramatically decrease over time.

The Injective network enables developers to: * Build new highly interoperable cross-chain DeFi applications with fast transaction times and instant finality. * Access deep cross-chain liquidity and novel financial instruments, including decentralized perpetual swaps, expiry futures, binary options and prediction markets. * Launch applications with an automated smart contract implementation, which is singularly unique to Injective’s layer 1. * Permissionlessly create and list new markets on exchange dApps built on Injective. * Access various dApps built on top of Injective with zero gas fees.

The Injective Protocol blockchain operates on a Tendermint-based proof-of-stake (PoS) consensus mechanism. Prominent validators help to secure the network while making it more decentralized as well.

Injective’s consensus mechanism achieves instant transaction finality while leading to a 99% lower carbon footprint.

Injective Protocol (INJ) tokens are available on most major exchanges. Binance has the highest INJ/USD trading volume at $12,687,084. This is the most popular exchange for purchasing INJ.

Other good options include Bilaxy, Huobi Global and Uniswap. It is important to note that buying cryptocurrency comes with risk, just like traditional investing.

Learn more about buying crypto with us.

Check out Cosmos — the internet of blockchains that Injective is built on.

Find out more about the Cosmos ecosystem on CoinMarketCap Alexandria.

Check out what Inter-Blockchain Communication (IBC) means.

Learn about tendermint on CMC Glossary.

Learn more about layer-1 blockchain.