Injective Protocol price today is $1.12 USD with a 24-hour trading volume of $3,987,922 USD. Injective Protocol is down 3.23% in the last 24 hours. The current CoinMarketCap ranking is #416, with a market cap of $15,803,119 USD. It has a circulating supply of 14,170,790 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.
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.
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:
Injective is backed by the likes of Binance, Pantera, Hashed in the blockchain industry.
|Injective Protocol Price||$1.12 USD|
|24 Hour High / Low|
$1.17 USD /
|24 Hour Volume||$3,987,922 USD|
|Market Cap||$15,803,119 USD|
|Yesterday's High / Low|
$1.19 USD /
|Yesterday's Open / Close|
$1.15 USD /
|Yesterday's Change||$-0.018964 USD (-1.64%)|
|Yesterday's Volume||$3,450,455 USD|
|7 Day High / Low|
$1.45 USD /
|30 Day High / Low|
$1.69 USD /
|90 Day High / Low|
$1.69 USD /
|52 Week High / Low|
$1.69 USD /
|All Time High|
$1.69 USD(Nov 17, 2020)
|All Time Low|
$0.655675 USD(Nov 03, 2020)
|Injective Protocol ROI||178.80%|
|Circulating Supply||14,170,790 INJ|
|Total Supply||100,000,000 INJ|
|Max Supply||No Data|