The live price of Injective is - per (INJ / USD) with a current market cap of $1.20B USD. 24-hour trading volume is - USD. INJ to USD price is updated in real-time. Injective is -% in the last 24 hours with a circulating supply of 99.97M.
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Injective is a blockchain layer built with the CosmosSDK that enables secure, fast, and interoperable transactions across multiple blockchain networks. Injective is specifically designed to address the limitations of popular smart contract platforms and is optimized for decentralized applications (DApps) in the decentralized finance space. It supports all financial primitives, creating a comprehensive ecosystem that offers a wide range of financial products and services.
Injective is a blockchain built specifically for the financial sector. The chain is unique in its high transaction throughput, interoperability, and financial primitives, and is committed to bringing the global financial system to the chain efficiently and securely. The network was launched in 2018 with the goal of filling a clear gap in the blockchain-based financial market with a sophisticated network, where existing solutions were extremely rudimentary, inconvenient, and insecure. Today, Injective fills this gap and provides the technology that enables the financial system to realize its full potential by operating on-chain.
Injective comes with pre-built and customizable infrastructure, called modules, to quickly apply complex functionality to applications built on the platform. Modules operate like building blocks that can be combined to extend the functionality of a blockchain. This approach aims to reduce friction and technical complexity in applying core functionality and simplify the development process. Each module operates independently but can communicate with other modules through inter-module communication functions, which makes Injective's architecture modular and adaptable.
Injective operates as a Layer-1, leveraging the Tendermint Proof of Stake (PoS) consensus mechanism and improvements to its underlying technology stack to provide the speed and efficiency required for commercial scalability. The network achieves over 25,000 transactions per second (TPS), sub-second block times (650 milliseconds), and instant finality, while averaging only $0.0003 per transaction. In addition, the network also enables fast cross-chain transactions, seamlessly connecting to leading networks such as Ethereum, Solana, and Cosmos Hub.
INJ is the native asset of Injective and its overall ecosystem, and plays a key role in powering the blockchain. INJ can be used as a medium of exchange (as transaction fees, for purchases, Burn Auction bidding, etc.), is essential to protecting the network through Proof of Stake (PoS), and is used for community-led governance covering all aspects of the blockchain. All aspects of INJ are dedicated to fostering a thriving Web3 ecosystem, coordinating economic architecture and technological innovation, and driving decentralized finance into a new future.
Eric Chen and Albert Chon are co-founders of Injective Labs, which launched Injective in 2018. Injective was originally launched as a DEX protocol for perpetual contracts, contracts, and spot trading, and later evolved into a layer-1 blockchain dedicated to optimizing financial applications.
INJ is the native asset on the Injective blockchain, used to pay transaction fees, bid on the Burn Auction, maintain network security through staking, and participate in community governance by participating in major decisions of the platform. The currency supports the entire ecosystem and serves as an incentive mechanism to drive the growth and development of Web3 finance.
The maximum supply of INJ tokens is 100,000,000, and as of January 2024, its supply has been fully released, and at the time of writing, the circulating supply of the coin is 98,848,019.96 INJ.
Injective uses a Proof of Stake (PoS) consensus model based on the Tendermint consensus mechanism. In this model, nodes stake INJ tokens to participate in the consensus mechanism, thereby verifying transactions and adding new transaction blocks to the chain, thereby ensuring the security of the network. Validators who delegate in this network model will be rewarded with INJ tokens.
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Equipped with custom modules designed specifically for DeFi and low-latency infrastructure, Injective enables developers to build complex, high-performance applications with simplified setup and deployment. This not only simplifies the development process, but also inspires the potential to create innovative applications and technologies. The network is capable of supporting commercial-grade performance and scalability, achieving over 25,000 transactions per second, sub-second block times (650 milliseconds), and instant finality, all at an average cost of only $0.0003 per transaction. Likewise, the INJ token economy is designed for long-term sustainability, using a novel Burn Auction and programmatic supply mechanism to scale horizontally as the ecosystem grows and participation increases, without causing network congestion.
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