Injective Price (INJ)

Injective (INJ) is a layer-one blockchain that aims to power the next generation of decentralized finance (DeFi) applications. These applications may include decentralized spot and derivatives exchanges, prediction markets, and lending protocols. Injective strives to provide core financial infrastructure primitives that applications can leverage, such as a fully decentralized on-chain orderbook. It also aims to support all forms of financial markets, including spot, perpetual, futures, and options, all fully on-chain. The blockchain is compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains like Solana. Injective is built with the Cosmos SDK and uses a Tendermint-based Proof-of-Stake consensus mechanism, which allows for instant transaction finality and high performance.

Injective operates using a Tendermint-based Proof-of-Stake (PoS) consensus mechanism, which provides instant transaction finality and the ability to sustain high performance. It also features a decentralized cross-chain bridging infrastructure, making it compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains such as Solana. Injective's core exchange module aims to include an advanced on-chain order book and matching engine for spot, perpetual, futures, and options markets. It also aims to offer resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and strives to have zero gas fees for users. Smart contracts are implemented on Injective through CosmWasm, allowing for multi-chain smart contract transactions to occur seamlessly.

Injective aims to provide a platform for a wide range of DeFi applications. It offers a robust infrastructure and financial primitives such as an on-chain orderbook, which can be leveraged to build decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more. The INJ token, Injective's native utility token, is used across a diverse range of functions such as protocol governance, dApp value capture, PoS security, developer incentives, and staking. Injective also aims to support a diverse array of trading and yield generation activities across distinct layer-1 blockchain networks such as Cosmos and Ethereum.

Injective was developed by Injective Labs, a research and development company. The co-founder of Injective Labs, Eric Chen, has extensive knowledge about blockchain protocols and traditional finance. Albert Chon, the CTO of Injective Labs, is a Stanford University graduate and was a software development engineer at Amazon. He is known for pioneering a new Ethereum standard that is used by a number of major projects today. The Injective ecosystem aims to include over 100 projects and more than 150,000 community members globally. It is backed by a group of investors.

We update our Injective to USD currency in real-time. Get the live price of Injective on Coinbase.

The current market cap of Injective is $2.05B. A high market cap implies that the asset is highly valued by the market.

The all-time high of Injective is $52.94. This all-time high is highest price paid for Injective since it was launched.

Over the last 24 hours, the trading volume of Injective is $134.17M.

Assets that have a similar market cap to Injective include Bittensor, Stacks, Optimism, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Injective is 99 million.

The median time that Coinbase customers hold Injective before selling it or sending it to another account or address is 52 days.

Injective ranks 111 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

Currently, 94% of Coinbase users are buying Injective. In other words, 94% of Coinbase customers have increased their net position in Injective over the past 24 hours through trading.

Yes, Injective is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Injective guide.