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INJ/GBP: Convert Injective (INJ) to British Pound (GBP)

1 Injective equals £18.22 British Pound

Last update: 7:07 PM, July 25, 2024

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Overview

About Injective (INJ)

Injective is an open, interoperable blockchain optimized for DeFi applications. Injective is smart contracts-enabled and utilizes a Tendermint PoS consensus mechanism. INJ is the native token that enables community members to participate in governance, validation, burn auctions and more.

Injective (INJ) is a layer-one blockchain designed to power next-generation decentralized finance (DeFi) applications. It aims to provide a robust financial infrastructure, including a fully decentralized on-chain orderbook and compatibility with various blockchains such as Ethereum and Solana. Built with the Cosmos SDK, Injective utilizes a Tendermint-based Proof-of-Stake consensus mechanism, offering instant transaction finality and high performance. The Injective ecosystem comprises over 100 projects and a global community of over 150,000 members. The INJ token, the native utility token of Injective, is used for protocol governance, dApp value capture, Proof-of-Stake security, developer incentives, and staking.

Injective operates on a Tendermint-based Proof-of-Stake (PoS) consensus mechanism, which provides instant transaction finality and the ability to sustain high performance. It offers a highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective's core exchange module includes an advanced on-chain order book and matching engine for various financial markets, resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and zero gas fees for users. The INJ token is used to secure the Injective blockchain using a proof-of-stake mechanism, with validators and delegators both participating in staking.

Injective aims to provide a platform for a wide range of DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, and lending protocols. The INJ token is used across a diverse range of functions such as protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives, and staking. Developers can leverage Injective's robust infrastructure and financial primitives to build DeFi applications. Additionally, Injective's smart contract platform allows for multi-chain smart contract transactions to occur seamlessly, enabling developers to create novel use cases that would not be possible on other chains.

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 co-founded Injective Labs with Eric Chen. The Injective ecosystem has grown to include over 100 projects and a global community of over 150,000 members. The INJ token, the native utility token of Injective, is used for a variety of functions within the Injective ecosystem.

How Injective (INJ) and British Pound (GBP) differ

Injective (INJ) and the British Pound (GBP) are two distinct forms of value representation, each with unique characteristics. Injective is a layer-one blockchain designed to power decentralized finance (DeFi) applications, striving to provide a robust financial infrastructure. It operates on a Tendermint-based Proof-of-Stake consensus mechanism, offering instant transaction finality and high performance. The INJ token, Injective's native utility token, is used for protocol governance, dApp value capture, Proof-of-Stake security, developer incentives, and staking. On the other hand, the British Pound is a traditional fiat currency issued and regulated by the Bank of England. It is a physical and digital currency used for everyday transactions, savings, and investments within the United Kingdom and globally. Unlike Injective, the British Pound does not rely on blockchain technology or consensus mechanisms for its operation. Instead, it is backed by the economic stability and creditworthiness of the UK government. While Injective aims to facilitate a wide range of DeFi applications, the British Pound serves as a medium of exchange, store of value, and unit of account in the traditional financial system.

Injective Markets

Injective is falling this week.

The current price of Injective is £18.22 per INJ. With a circulating supply of 93,400,000 INJ, it means that Injective has a total market cap of £1,714,534,235.80. The amount of Injective traded has risen by £37,383,494.01 in the last 24 hours, which is a 35.48% increase. Additionally, in the last day, £105,355,766.93 worth of INJ has been traded.

Market cap

$1.7B

Volume (24h)

$105.4M

Circulating supply

93.4M INJ

FAQ

How much is 1 Injective in GBP?

Right now, 1 Injective is worth about £18.22.

How much INJ could I buy for 1 GBP?

Based on the current rate, you could get 0.0549 INJ for 1 GBP.

How much has the price of Injective changed?

Injective price has been declining. Since yesterday, the exchange rate of Injective has decreased. Since last month, the exchange rate of Injective has increased. Since this time last year, the price of Injective has increased.

How do I calculate or convert INJ to GBP?

You can use our INJ to GBP calculator at the top of this page to convert any amount of INJ to GBP. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 GBP is equivalent to 0.27 INJ. Inversely, 5 INJ will cost about 91.11 GBP.

How can I buy 1 Injective on Coinbase?

Injective is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Injective.

What are assets similar to Injective that I can buy?

There are a number of crypto assets that have the a similar or comparable market cap to Injective, including Bittensor, Stacks, and Optimism. For a more robust list of assets to explore, jump to the asset page dedicated to Injective.

Conversion tables

The exchange rate of Injective is decreasing.

The current value of 1 INJ is £18.22 GBP. In other words, to buy 5 Injective, it would cost you £91.11 GBP. Inversely, £1.00 GBP would allow you to trade for 0.0549 INJ while £50.00 GBP would convert to 2.7441 INJ, not including platform or gas fees.

In the last 7 days, the exchange rate has increased by 7.72%. Meanwhile, in the last 24 hours, the rate has changed by 3.91%, which means that the the highest exchange rate of 1 INJ to British Pound was 24.671 GBP and the lowest 24 hour value was 1 INJ for 22.855 GBP. This time last month, the value of 1 INJ was £18.01 GBP, which is a 1.19% increase from where it is now. Looking back a year, Injective has changed by -£12.01 GBP.

INJ to GBP

Amount
Today at 7:07 pm
0.5 INJ
£9.11
1 INJ
£18.22
5 INJ
£91.11
10 INJ
£182.21
50 INJ
£911.06
100 INJ
£1,822.12
500 INJ
£9,110.59
1,000 INJ
£18,221.18

GBP to INJ

Amount
Today at 7:07 pm
0.5 GBP
0.0274 INJ
1 GBP
0.0549 INJ
5 GBP
0.27 INJ
10 GBP
0.55 INJ
50 GBP
2.74 INJ
100 GBP
5.49 INJ
500 GBP
27.44 INJ
1,000 GBP
54.88 INJ

Today vs. 24 hours ago

Amount
Today at 7:07 pm
24 hours ago
24H Change
0.5 INJ
£9.11
£9.48
-3.91%
1 INJ
£18.22
£18.96
-3.91%
5 INJ
£91.11
£94.81
-3.91%
10 INJ
£182.21
£189.63
-3.91%
50 INJ
£911.06
£948.15
-3.91%
100 INJ
£1,822.12
£1,896.29
-3.91%
500 INJ
£9,110.59
£9,481.46
-3.91%
1,000 INJ
£18,221.18
£18,962.92
-3.91%

Today vs. 1 month ago

Amount
Today at 7:07 pm
1 months ago
1M Change
0.5 INJ
£9.11
£9.00
+1.19%
1 INJ
£18.22
£18.01
+1.19%
5 INJ
£91.11
£90.04
+1.19%
10 INJ
£182.21
£180.08
+1.19%
50 INJ
£911.06
£900.38
+1.19%
100 INJ
£1,822.12
£1,800.76
+1.19%
500 INJ
£9,110.59
£9,003.80
+1.19%
1,000 INJ
£18,221.18
£18,007.59
+1.19%

Today vs. 1 year ago

Amount
Today at 7:07 pm
1 year ago
1Y Change
0.5 INJ
£9.11
£3.11
+193.21%
1 INJ
£18.22
£6.21
+193.21%
5 INJ
£91.11
£31.07
+193.21%
10 INJ
£182.21
£62.14
+193.21%
50 INJ
£911.06
£310.72
+193.21%
100 INJ
£1,822.12
£621.43
+193.21%
500 INJ
£9,110.59
£3,107.15
+193.21%
1,000 INJ
£18,221.18
£6,214.31
+193.21%

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