Injective provides unrestricted access to decentralized finance marketplaces. Users can establish any financial market using Injective's fast, cross-chain, zero gas charge, safe, and fully decentralized exchange protocol. With a 24hr daily volume of $48,153,255 USD, the latest Injective Protocol value is $13.19 USD. Our INJ to the USD exchange rate is updated in real-time. In the last 24 hours, Injective Protocol has gained 0.34 percent. The current CoinMarketCap ranking is #146, with a live market cap of $430,635,236 USD. It has a circulating supply of 32,655,553 INJ coins and a maximum supply of 100,000,000 INJ coins.
About Injective Protocol (INJ)
The Injective Chain was designed specifically to handle Ethereum-compatible Defi applications with instant finality, sub-second block timings, and lightning-fast transaction rates (10,000+ TPS). The Injective ecosystem contains over 200K community members from all around the world and over 100 projects. Binance, Pantera Capital, and Mark Cuban are one of the noteworthy capitalists who have funded Injective.
INJ is Injective Protocol's native token. INJ is a rare asset that is utilized for governance, capturing exchange value, mining liquidity, and staking. 60% of all exchange costs are used to buy back and burn INJ every two weeks, allowing the quantity of INJ to fall substantially over time. Furthermore, transactions on the Injective Protocol brought about by new Injective ecosystem initiatives aid in the burning of more INJ.
What is Injective Protocol INJ?
Injective's trading infrastructure is solely based on a central limit order book, which combines the user-friendliness and speed of centralized exchanges with the transparency of decentralized exchanges. Furthermore, transactions on the Injective Protocol brought about by new Injective ecosystem initiatives aid in the burning of more INJ. You can begin using INJ on the Injective hub for a variety of Defi scenarios.
Who Are the Founders of Injective Protocol INJ?
The research and development firm Injectvie Labs was the first to contribute to the Injectvie Protocol. Injective Labs was co-founded by Eric Chen. Prior to starting Injective, he worked as a cryptographic researcher and trader at a major crypto fund.
Chen has a deep awareness of both eastern and western blockchain-based protocols and communities, as well as broad knowledge of blockchain protocols and traditional banking. Albert Chon is the CTO of Injective Labs.
What Makes Injective Protocol INJ Unique?
Everyone can use Injective to access, create, and trade an unlimited number of DeFi markets. This means that crypto, futures, perpetual, and complicated financial derivatives can all be exchanged decentralized on Injective.
Trades are executed in a flash, with instantaneous completion and no gas expenses. Injective customers may trade across many blockchain networks, including Ethereum, Cosmos, and Binance Smart Chain, with ease. Injective can also help with exchanges between Cosmos-based projects like Terra.
Where Can You Buy Injective Protocol INJ?
Most big exchanges offer Injective Protocol (INJ) tokens available. With a trading activity of $12,687,084, Binance does have the greatest INJ/USD trading volume. This is the most widely used exchange for buying INJ. Bilaxy, Huobi Global, and Uniswap are other notable possibilities. It's crucial to remember that, like traditional investing, purchasing bitcoin entails risk.
Frequently Asked Question About Injective Protocol INJ
Does Injective Protocol INJ Consensus Mechanism Reliable?
The consensus technique used by Injective delivers instant transaction finality while reducing carbon emissions by 99 percent.
What Security Measures Does the Injective Protocol INJ Take?
The Tendermint-based proof-of-stake (PoS) consensus mechanism powers the Injective Protocol blockchain. Prominent validators contribute to the network's security while also making it more decentralized. While leading to instantaneous payment closure, Injective's validation procedure provides rapid transactional finality.
On what factors does the price of the Injective Protocol INJ Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact INJ’s price and market cap.
Conclusion
After elevating up to 100% in just a matter of a few weeks, cryptocurrencies have suffered a severe downfall due to their unpredictable market nature. Injective Protocol Network tokens have been increased to a new all-time high of almost $13.19 U.S Dollars per token, despite the recent market slowdown occurring in the trading world.
Since the crypto markets are established to be active for 24 hours, you may need the assistance of a cryptocurrency portfolio monitor for keeping track of your holdings.
Injective Protocol INJ Official Website https://injectiveprotocol.com/
Injective Protocol INJ Twitter –https://twitter.com/injectivelabs
Injective Protocol INJ Reddit –https://reddit.com/r/injective
Injective Protocol INJ Medium –https://medium.com/injective-labs
