The Block • Sep 27, 23
Bitcoin’s correlation with equities continuing to diverge
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
The price of Injective has fallen by 3.06% in the past 7 days. The price declined by 0.84% in the last 24 hours. In just the past hour, the price grew by 0.45%. The current price is $7.16 per INJ. Injective is 71.36% below the all time high of $25.01.
The current circulating supply is 83,755,555.66 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.
is a blockchain designed specifically for the finance industry. It is an open, interoperable layer-one blockchain that aims to power next-generation decentralized finance () applications, such as , prediction markets, and lending protocols.
Injective aims to provide financial infrastructure primitives that DeFi applications can use, such as a fully decentralized on-chain orderbook that is resistant to MEV (miner extractable value). In addition, all types of financial markets, such as spot, perpetual, futures, and options, are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with , IBC-enabled blockchains, and non-EVM chains such as Solana.
Injective also seeks to offer a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. It is built using the Cosmos SDK and uses a Tendermint-based consensus mechanism, providing instant transaction finality and fast performance (over 10,000 transactions per second).
The Injective ecosystem includes over 100 projects and more than 150,000 community members worldwide. It is backed by investors such as Binance, Pantera Capital, Jump Crypto, and Mark Cuban. The INJ token is the native utility of Injective, and it can be used for various purposes, including protocol governance, dApp value capture, PoS security, developer incentives, and .
Injective was incubated by Binance Labs back in 2018, and it became the first Binance Labs incubated project to debut on Binance Launchpad in 2020.
It launched its mainnet in November 2021 and announced a $40M raise in August 2022, led by Jump Crypto and BH Digital.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Injective is $600.23M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Injective is $25.01. This all-time high is highest price paid for Injective since it was launched.
Over the last 24 hours, the trading volume of Injective is $20.40M.
The current circulating supply of Injective is 84 million.
The median time that Coinbase customers hold Injective before selling it or sending it to another account or address is 27 days.
Injective ranks 167 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
Currently, 94% of Coinbase users are buying Injective. In other words, 94% of Coinbase customers have increased their net position in Injective over the past 24 hours through trading.
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