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Injective

INJ

Price
$1.59
11/27/2022, 6:33:05 AM
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Market

Market stats

Market cap

$116.4M

Volume (24h)

$7.7M

Circulating supply

73.0M INJ

Typical hold time

8 days

Trading activity

Not enough data

Popularity

#86

All time high

$25.01

Price change (1h)

+0.45%

Price change (24h)

-1.85%

Price change (7d)

-7.93%

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Injective is on the decline this week.

The price of Injective has fallen by 7.93% in the past 7 days. The price declined by 1.85% in the last 24 hours. In just the past hour, the price grew by 0.45%. The current price is $1.5935 per INJ. Injective is 93.63% below the all time high of $25.01.

The current circulating supply is 73,005,554.33 INJ.

About

Injective is a platform used to enhance interoperability among decentralized finance applications. INJ tokens can be staked to help secure Injective’s sidechain, and also function as Injective’s governance token.

What Is Injective-Protocol (INJ)?

The Injective Protocol is a layer-2 decentralized derivative exchange system. A derivative is a financial agreement with valuation calculated based on the price of an underlying asset. The platform aims to decentralize the economic system to make it more fair and accessible. 

The platform is one of the first layer-2 completely decentralized exchangeprotocols providing decentralized continuous swapping, futures, and spot trading, allowing decentralized derivatives and borderless DeFi to reach their full potential. Swap allows users to easily exchange one cryptocurrency for another without leaving the wallet. Each system element has been designed to be completely trustworthy, censorship-resistant, openly traceable, and immune to front-running. 

As per the whitepaper, Injective has established one of the world’s top extensive and rapidly expanding DeFi platforms. The platform seeks to support individuals with the potential to distribute funds more productively in the economy by allowing them unlimited and unmatched freedom to express diverse opinions in financial markets and decentralized financial systems. With injective, which allows permissionless trading on arbitrary derivative markets, anybody may build and trade on whatever derivative market they choose.

Injective modernizes the old DEX concept to develop a system that is simple to use for both beginner and experienced traders. The injective protocol is smart enough to avoid severe traffic in the network and the hefty gas expenses that come with it. Gas costs execute a transaction or contract on the Ethereumblockchain network. Tendermint-based proof-of-stake consensus secures all payments and ensures their immediate completion. The users may exchange whatever asset they choose among multiple blockchain networks with no inconvenience. 

The INJ is assigned as the native token of the Injective protocol. INJ is planned to be used as a margin and security replacement to stablecoins in the injective derivatives markets. INJ can be utilized as collateral backup and insurance pool staking on various derivative markets, enabling participants to earn revenue on their locked coins. 

History of Injective-Protocol (INJ)

The injective team includes more than twenty developers. The maximum supply of Injective tokens is set to 100,000,000 INJ coins. 

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FAQ

What is the current price of Injective?

The price of 1 Injective currently costs $1.59.

What is the market cap of Injective?

The current market cap of Injective is $116.39M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Injective?

The all-time high of Injective is $25.01. This all-time high is highest price paid for Injective since it was launched.

What is the 24 hour trading volume of Injective?

Over the last 24 hours, the trading volume of Injective is $7.72M.

What other assets are similar to Injective?

Assets that have a similar market cap to Injective include Celsius, SXP, Voyager Token, and many others. To see a full list, see our comparable market cap assets.

How many Injective are there?

The current circulating supply of Injective is 73 million.

What is the typical holding time of Injective?

The median time that Coinbase customers hold Injective before selling it or sending it to another account or address is 8 days.

What is the relative popularity of Injective?

Injective ranks 222 among tradable assets on Coinbase. Popularity is currently based on relative market cap.