About Injective Protocol
Injective is a blockchain tailored for financial applications, serving as an open, interoperable layer-one blockchain empowering the next wave of DeFi innovations, spanning decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.
Injective stands out by offering robust core financial infrastructure elements that applications can harness, including a fully decentralized, Miner-Extractable Value (MEV)-resistant on-chain order book. Moreover, all types of financial markets, such as spot, perpetual, futures, and options, operate entirely on-chain. Its decentralized cross-chain bridging infrastructure seamlessly integrates with Ethereum, IBC-enabled blockchains, and non-EVM chains like Solana.
Injective presents a cutting-edge, highly interoperable smart contract platform based on CosmWasm, boasting advanced interchain functionalities. Built on the Cosmos SDK and utilizing a Tendermint-based Proof-of-Stake consensus mechanism, Injective ensures instant transaction finality and sustains lightning-fast performance, exceeding 10,000 transactions per second (TPS).
The Injective ecosystem comprises over 100 projects and boasts a community exceeding 150,000 members globally. Supported by renowned investors such as Binance, Pantera Capital, Jump Crypto, and Mark Cuban, Injective's core exchange module offers state-of-the-art features, including an advanced on-chain order book and matching engine for various markets, MEV-resistant order matching, and zero gas fees for users.
Injective adopts IBC natively, fostering high interoperability with multiple layer 1 solutions, including Polygon and Solana (via an upcoming Wormhole integration). Notably, it uniquely supports Ethereum assets within the Cosmos ecosystem via its decentralized ERC-20 token bridge.
Smart contracts are implemented on Injective through CosmWasm, facilitating seamless multi-chain smart contract transactions. Furthermore, Injective stands out as the sole blockchain enabling automatic smart contract execution, enabling developers to craft innovative use cases not feasible on other chains.
INJ, the native token of Injective, serves various purposes, including protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives, and staking. Noteworthy aspects include INJ's governance role in chain upgrades, its deflationary nature through fee-based buy-back-and-burn mechanisms, its utilization for PoS security, and its contribution to incentivizing new developers building on Injective.
INJ Price Live Data
The live Injective Protocol price today in INR is ₹ 1345.63 , with a 24-hour trading volume of ₹ 3191489.12 . Crypshots updates this INJ to INR price in real-time. The current Injective Protocol price reflects a -0.32% change in the last 24 hours, with a market cap of ₹ 125.68G . There are 93.40M INJ coins in circulation today.
If you want to buy Injective Protocol at the current price, the top cryptocurrency exchanges for trading Injective Protocol are Binance, Gate.io, CoinDCX, Flitpay, and Bybit. You can find other exchanges to buy Injective Protocol on our crypto exchanges page.