Injective INJ

1. Summary

Ranks

Liquidity

100

Developer

82

Social

99

Momentum (beta)

87

Stack Rank™

97

Price

$25.59 +5.5%

Market Cap

$2.48B (#35)

Supply

97.15M / 100.00M

Tags

Smart Contracts Binance Smart Chain Ecosystem Exchange-based Tokens Decentralized Exchange Token (DEX) DeFi Cosmos Ecosystem Avalanche Ecosystem Derivatives Perpetuals Polygon Ecosystem

More Metrics

Price
52W High price	$51.56
52W High date	13th Mar 2024 (4 months ago)
All Time High (ATH) Date	14th Mar 2024 (4 months ago)
ATH Price	$52.62
% From ATH	-46.29%
All Time Low (ATL) Date	3rd Nov 2020 (3 years ago)
ATL Price	$0.66
% From ATL	4199.05%

Supply & Trading Volume
Trading Volume (24h)	$150.84M
Total Supply	100.00M
Circulating Supply	97.15M

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Description

Injective is a Layer 1 blockchain designed to enhance scalability and democratize access to financial markets. It is built using the Cosmos SDK with a Proof-of-Stake consensus mechanism and has a fully decentralized on-chain order book. The project aims to provide an alternative to Ethereum, improving scalability and accessibility to financial mark...

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Injective is a Layer 1 blockchain designed to enhance scalability and democratize access to financial markets. It is built using the Cosmos SDK with a Proof-of-Stake consensus mechanism and has a fully decentralized on-chain order book. The project aims to provide an alternative to Ethereum, improving scalability and accessibility to financial markets for users worldwide.

Key Features

• INJ Token and Governance: The INJ token is a utility and governance token essential for network validation and used for voting on future project decisions.
• Automated Buy-Back-and-Burn Mechanism: The network includes a mechanism that manages a portion of the INJ tokens spent by users, reducing the circulating supply and making the token scarcer.
• Collateral in Derivatives Market: INJ tokens can be used as collateral in the derivatives market, earning rewards for users.

Technical Structure

• Layer 1 Blockchain: Injective is designed to enhance scalability and accommodate a growing user base.
• Cosmos SDK: Built using the Cosmos SDK, Injective simplifies the development of decentralized applications.
• Fully Decentralized On-Chain Order Book: This feature makes the network resistant to MEV and Sandwich attacks, ensuring secure transactions.

Philosophy

• Scalability: Built to handle a large number of users.
• Interoperability: Designed for easy integration with other networks.
• Ease of Development: Simplified development of decentralized applications.
• Democratization of Financial Markets: The project aims to provide equal access to financial markets regardless of user background.

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