INJ Specifications

Type

COIN

Algorithm

Protocol

Start Date

17/10/2020

Max Supply

100,000,000

Circ. Supply

80,005,555

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Info

Injective (INJ) is a decentralized Layer 1 blockchain designed for building interoperable decentralized finance (DeFi) applications. Powered by the Cosmos SDK and Tendermint consensus, Injective enables fast, secure and low-cost transactions. INJ is the native token used for governance, staking and transaction fees. It is available on major exchanges, ensuring liquidity for its ecosystem and users.

Market Impact

Injective has made a significant impact in the DeFi sector by providing a scalable and cost-efficient environment for trading and decentralized applications. Its support for seamless token swaps has attracted developers and traders to its ecosystem. Additionally, the availability of INJ on leading exchanges has strengthened its liquidity and fostered adoption across multiple blockchain ecosystems.

History

Launched in 2020 by Injective Labs, Injective was created to address inefficiencies in the traditional financial system by providing decentralized and permissionless trading infrastructure. The platform introduced an innovative on-chain order book model and has since integrated token swaps, gaining adoption through listings on global exchanges.

Features

Interoperable Infrastructure
Injective enables seamless communication between blockchains, facilitating cross-chain asset swaps and decentralized trading.
On-Chain Order Book
The platform features a fully decentralized order book for transparent and efficient trading without intermediaries.
Low Transaction Costs
Injective's design minimizes fees, making it ideal for frequent exchanges and DeFi operations.

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*The indicators above, do not represent an investment advice and should not be treated as such. Please make your own research and risk assessment before exchanging your assets.