Injective Protocol

Injective Protocol (INJ)

$1.38 USD (-6.26%)
0.00007142 BTC (-7.54%)
0.00228447 ETH (-7.49%)
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  • Market Cap
    $19,894,762 USD
    1,026 BTC
    32,830 ETH
  • Volume (24h)
    $9,386,595 USD
    484.26502190 BTC
    15,489 ETH
  • Circulating Supply
    14,370,790 INJ
  • Total Supply
    100,000,000 INJ

About Injective Protocol

Injective Protocol price today is $1.38 USD with a 24-hour trading volume of $9,386,595 USD. Injective Protocol is down 6.26% in the last 24 hours. The current CoinMarketCap ranking is #390, with a market cap of $19,894,762 USD. It has a circulating supply of 14,370,790 INJ coins and the max. supply is not available. The top exchanges for trading in Injective Protocol are currently Binance, VCC Exchange, Dcoin, Hotbit, and Coinone. You can find others listed on our crypto exchanges page.

What is Injective Protocol?

Injective Protocol describes itself as the first layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi.

The Injective Chain is implemented as a Cosmos SDK module, built with Ethermint (EVM on Tendermint). It utilizes a Tendermint-based Proof-of-Stake to facilitate cross chain derivatives trading across Cosmos, Ethereum, and many other layer-1 protocols. In addition, the protocol is collision resistant and utilizes Verifiable Delay Functions (VDFs) to prevent front-running.

How does Injective Protocol work?

INJ is the token utilized on Injective and was launched via a public offering in 2020, becoming the first project backed by Binance Labs to debut on Binance Launchpad. The use cases intended for INJ include but are not limited to: protocol governance, exchange fee value capture, derivatives collateralization, liquidity mining, and staking.

The Injective platform enable users to take part in decentralized cross-chain derivatives trading with zero gas fees while also being able to access cross-chain yield generation for a multitude of assets. Due to how the platform is governed by a DAO structure, Injective enables everyone to create and trade on any derivative market with only a price feed, thereby opening up more opportunities for trading on markets not found on other exchanges.

Some of Injective Protocol's key elements include:

  • Layer-2 decentralized derivatives trading: Injective is able to achieve fast trading speeds while charging zero gas fees.
  • Trade on any market: Injective allows anyone to create and trade on any derivative market using only a price feed, thereby opening up many opportunities for trading on markets not found on other exchanges.
  • 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.
  • Community driven network governance: Injective’s network will be governed by its decentralized community in which new listings or network changes are all voted on a Decentralized Autonomous Organization (DAO) structure.
  • Liquidity mining incentives: Injective’s community will be able to capture value via liquidity mining programs that have been natively built onto the network to spur continuous growth.

Injective is backed by the likes of Binance, Pantera, Hashed in the blockchain industry.

Injective Protocol Price Today
Injective Protocol Price$1.38 USD
24 Hour High / Low
$1.56 USD /
$1.39 USD
24 Hour Volume$9,386,595 USD
Market Cap$19,894,762 USD
Market Rank#390
Yesterday's Injective Protocol Price
Yesterday's High / Low
$1.56 USD /
$1.25 USD
Yesterday's Open / Close
$1.26 USD /
$1.48 USD
Yesterday's Change$0.217308 USD (17.28%)
Yesterday's Volume$13,907,611 USD
Historic Injective Protocol Price
7 Day High / Low
$1.56 USD /
$1.03 USD
30 Day High / Low
$1.69 USD /
$0.655675 USD
90 Day High / Low
$1.69 USD /
$0.655675 USD
52 Week High / Low
$1.69 USD /
$0.655675 USD
All Time High
$1.69 USD
(Nov 17, 2020)
All Time Low
$0.655675 USD
(Nov 03, 2020)
Injective Protocol ROI
246.10%
Injective Protocol Supply Details
Circulating Supply14,370,790 INJ
Total Supply100,000,000 INJ
Max SupplyNo Data
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