Price of Injective (INJ) today
As of the latest data, Injective (INJ) is currently priced at $23.82 with a market capitalization of $2.16B. The 24-hour trading volume stands at $79.54M, The circulating supply of Injective is approximately 90.54M. The cryptocurrency has seen a 0.63% increase in value over the past 24 hours.
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About Injective (INJ)
Injective is an open, interoperable layer-one blockchain designed for finance, powering next-generation DeFi applications such as decentralized spot and derivatives exchanges, prediction markets, and lending protocols. It offers powerful core financial infrastructure primitives, including a decentralized MEV-resistant on-chain orderbook, and supports various financial markets like spot, perpetual, futures, and options fully on-chain. The platform's decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non-EVM chains like Solana. Injective utilizes a next-generation smart contract platform based on CosmWasm with advanced interchain capabilities, built with the Cosmos SDK and utilizing a Tendermint-based Proof-of-Stake consensus mechanism for lightning-fast performance.
The Injective ecosystem boasts over 100 projects and 150,000 community members globally, backed by prominent investors like Binance, Pantera Capital, Jump Crypto, and Mark Cuban. The platform's technology enables instant transaction finality and high throughput, with the ability to sustain over 25,000 transactions per second. Injective's website, Twitter, Reddit, Telegram, Facebook, and LinkedIn accounts provide avenues for community engagement and updates on the project's developments. With a focus on decentralized finance and interoperability, Injective aims to revolutionize the way financial applications are built and utilized in the blockchain space.
How does Injective work?
Injective (INJ) is a decentralized protocol that enables peer-to-peer transactions on a blockchain network. It operates on a decentralized platform, allowing users to trade assets directly without the need for intermediaries. INJ utilizes blockchain technology to securely record and verify transactions, ensuring transparency and immutability. The protocol employs consensus mechanisms such as Proof of Stake to validate transactions and maintain the integrity of the network. One of the unique features of Injective is its ability to support a wide range of assets, including cryptocurrencies, stocks, and derivatives, making it a versatile platform for trading and investing. INJ can be used in various industries, such as finance, gaming, and supply chain management, offering innovative solutions for decentralized trading and asset management. Its decentralized nature, peer-to-peer transactions, and diverse functionalities distinguish Injective from traditional financial systems, providing users with greater control over their assets and transactions.
How to keep your Injective (INJ) safe?
To keep your Injective (INJ) safe, consider using hardware wallets like Ledger for enhanced security measures. These wallets provide offline storage and encryption of your private keys, protecting your assets from potential cyber threats. Additionally, trusted platforms like Nexo, Coinbase, and YouHodler offer secure storage options and insurance coverage for your INJ holdings. By diversifying your storage solutions and utilizing reputable platforms, you can ensure the safety of your Injective tokens and have peace of mind knowing your assets are protected.