Injective Price
(INJ)
USD($)
Injective (INJ) Live Price Chart
Overview
About
Analysis
FAQ
Injective Live Price Data
The live price of Injective is $22.74, with a total trading volume of $ 7.91M in the last 24 hours. The price of Injective changed by +10.79% in the past day, and its USD value has decreased by -20.93% over the last week. With a circulating supply of 83,755,555 INJ, the market cap of Injective is currently 2.19B USD, marking a --% increase today. Injective currently ranks #45 in market cap.
How do you feel about Injective today?
Note: This data is for reference only.
Injective(INJ) Profile
Rank45
BBBExpand 
Website
Documentation
Explorer
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Contract
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Audited By
- https://skynet.certik.com/projects/injective?utm_source=CMC&utm_campaign=AuditByCertiKLink
Code & Community
Investors
- Pantera Capital
- Binance Labs
- CMS Holdings
- Hashed
- Jump Crypto
- BlockTower Capital
- QCP Capital
- BH Digital (Brevan Howard)
- Cadenza Ventures
- Bitscale Capital
$18.46
$23.56
- ATH
- $52.57
- Price Change (1h)
- -3.38%
- Price Change (24h)
- +10.79%
- Price Change (7d)
- -20.93%
- Market Cap
- $2.19B
- 24h Volume
- $7.91M
- Circulating Supply
- 83,755,555
- Max Supply
- 100,000,000
About INJ
How can I buy Injective (INJ)?
Buying INJ on KuCoin is fast and simple. Create an account, verify your identity, deposit funds, and start your trading. It's that simple! See How to Buy Injective (INJ) for more information. What Is Injective (INJ) Crypto?
Injective is a Layer-1 smart contract blockchain designed for decentralized finance (DeFi) and web3. Its primary aim is to revolutionize the development and interaction of financial applications in the Web3 space. Thanks to its decentralized structure, Injective is celebrated for its rapid transaction processing, efficiency, and strong commitment to environmental sustainability.
The platform is built on the Cosmos network, utilizing the Cosmos Tendermint standard, which affords it high levels of decentralization, security, and efficiency. These qualities are essential for a robust DeFi platform. Injective is unique in its ability to facilitate cross-chain decentralized derivatives trading through a specialized mechanism that allows for the seamless transfer of assets between Ethereum and the Injective ecosystem, enhancing liquidity and ease of asset trading across different blockchain networks.
Another standout feature of Injective is its interoperability, supporting major blockchain networks like Ethereum, Cosmos, and Solana. This enables users to engage in fluid asset trading across these platforms, making it a single platform that supports various asset types and trading strategies. Community-driven governance is also a key aspect, allowing stakeholders to have a significant role in decision-making processes through a Decentralized Autonomous Organization (DAO) structure.
Moreover, Injective is designed to be environmentally friendly, utilizing the Tendermint Proof-of-Stake (PoS) consensus mechanism known for its lower carbon footprint than traditional blockchain networks. This approach ensures that the platform remains efficient while being conscientious about its environmental impact.
How Does Injective Blockchain Work?
Here’s an overview of how Injective works:
1. Layer-1 Blockchain Based on Cosmos
Injective is a Layer-1 blockchain built on the Cosmos network, employing the Cosmos Tendermint standard. This foundation allows Injective to benefit from high levels of decentralization, security, and efficiency, which are critical for a robust DeFi ecosystem. The choice of Cosmos as a base also facilitates easier interoperability with other blockchains, leveraging the inter-blockchain communication (IBC) protocol for seamless asset transfers.
2. Cross-Chain Trading and Interoperability
A key feature of Injective is its ability to support cross-chain decentralized derivatives trading. It achieves this through a specialized two-way pegging mechanism that enables the smooth transfer of assets between Ethereum and the Injective ecosystem, as well as compatibility with ERC-20 tokens. This mechanism enhances liquidity and simplifies asset trading across different blockchain networks. Further interoperability is provided through an Ethereum Virtual Machine (EVM) compatible execution framework, allowing Ethereum-based decentralized applications (dApps) to be deployed on Injective.
3. Tendermint Proof-of-Stake (PoS) Consensus
Injective uses the Tendermint PoS consensus mechanism, known for its efficiency and lower carbon footprint than Proof-of-Work (PoW) mechanisms. This consensus model is integral to Injective's environmental sustainability goals and ensures the network is secure, reliable, and capable of processing transactions quickly.
4. Decentralized Order Book and On-Chain Order Matching
Injective incorporates a decentralized order book with on-chain order matching, a feature that distinguishes it from other DeFi platforms. This allows for high-performance trading and scalability by ensuring that orders are matched efficiently on the blockchain, facilitating a seamless trading experience even during periods of high volume.
5. Community-Driven Governance
Injective emphasizes decentralized governance, enabling INJ token holders to participate in the decision-making process regarding the protocol's development and future direction. This is achieved through a Decentralized Autonomous Organization (DAO) structure, fostering a community-led approach to governance.
6. Developer-Friendly Environment
Injective provides robust and user-friendly development tools and modules to attract developers and encourage innovation within its ecosystem. These tools support popular programming languages and offer developers the flexibility to create a wide range of financial dApps, from derivatives markets to lending platforms.
7. Environmentally Conscious and Efficient
Using the Tendermint PoS mechanism, Injective ensures its operations have a significantly lower environmental impact than traditional blockchain networks. Additionally, eliminating gas fees on its platform enhances scalability and transaction speed, making it more appealing for users and developers alike.
History of Injective Chain and INJ Coin
Eric Chen is the co-founder and CEO of Injective Labs, the organization behind Injective blockchain. Before founding Injective, Chen has been involved in the crypto industry since 2017, including a stint as a researcher at Innovating Capital, where he worked on trading strategies and protocol research. He was also part of the NYU Blockchain Labs before dropping out to focus on Injective Labs. The Injective project was launched in October 2020.
Key Developments in the Injective Roadmap
1. Early Innovations: Injective began with the vision to create a sector-specific blockchain that could address the limitations of existing financial systems while retaining complete decentralization. This led to the development of innovative Web3 modules like the first fully on-chain orderbook and derivatives for building powerful interchain dApps.
2. Rapid Ecosystem Growth: In 2022, Injective made strides with over 140 million transactions processed, and it achieved one of the fastest block times in crypto (1.1 seconds), offering the lowest transaction fees among major layer ones. It also became one of the top IBC-enabled zones in the Cosmos ecosystem and raised a new $40M round from notable investors.
3. Expanding Capabilities: The launch of a multichain CosmWasm smart contract layer allowed for truly decentralized interoperable dApps. Exchange dApps on Injective reached over $7.78 billion in cumulative trading volume, and Frontrunner, a decentralized prediction market, launched its testnet and secured funding.
4. Continued Innovations in 2023: Injective kicked off 2023 with significant upgrades and announcements, including the listing of the first-ever BONK perpetual futures in the Cosmos ecosystem by Helix, the largest on-chain orderbook exchange. The mainnet underwent an upgrade, improving performance and adding sophisticated features like message signing and advanced balance indexing.
What Is INJ Token Used for?
Key use cases of the INJ token include:
1. Governance of Injective: INJ token holders have the power to participate in the governance of Injective, influencing decisions regarding protocol upgrades, new market listings, and other significant changes within the ecosystem.
2. Protocol Fee Value Capture: A significant portion of fees generated from dApps built on Injective goes into an on-chain buy-back-and-burn auction, creating a deflationary mechanism for the INJ token supply.
3. INJ Staking: INJ tokens are used in the protocol's PoS consensus mechanism, where validators and delegators secure the network by staking INJ tokens.
4. Developer Incentives: Developers are incentivized to build on Injective through a portion of the fees generated by dApps, promoting a continually evolving and expanding ecosystem.
5. Market Maker Incentives: The protocol offers attractive incentives for market makers, including rebates and rewards, to ensure high liquidity and efficient markets within the Injective ecosystem.
6. Exchange Fee Value Capture: Hosting an exchange on Injective enables earning a portion of exchange fees, directly tying the success of dApps built on Injective to the INJ token.
7. Token Burn Auctions: Unique to Injective, 60% of all fees collected from dApps are used in weekly buy-back-and-burn auctions, reducing the overall supply of INJ tokens over time and aiming to increase its scarcity and value.
8. Trade INJ on KuCoin: Trade Injective token on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell INJ or HODL if you believe in the future potential of the Injective network. Remember to DYOR before trading INJ token.
Injective (INJ) Price Movements ($)
| Period | Change | Change (%) |
|---|---|---|
| Today | $2.3 | 11.27% |
| 7 Days | $-5.56 | -19.43% |
| 30 Days | $-0.499 | -2.12% |
| 3 Months | $1 | 4.56% |
24H Investment Barometer
24H
- Buy
- The Investment Barometer represents the current sentiment of the majority of KuCoin users. It is based on multiple indicators, and can be used as an aspect to take into consideration when planning investments.
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Injective Conversion Rate
FAQ
How much is 1 Injective (INJ) worth?
KuCoin provides real-time USD price updates for Injective (INJ). Injective price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time INJ to USD exchange rates. Is Injective (INJ) a Good Investment?
Here are some reasons why you could consider investing in Injective coin:
1. High Performance and Scalability: The Injective blockchain is known for its remarkable performance, boasting transaction speeds that exceed 10,000 transactions per second (TPS) and nearly instant transaction finality, thanks to its custom-built layer-1 blockchain utilizing the Cosmos SDK.
2. Interoperability and Cross-Chain Capabilities: A standout feature of Injective is its extensive interoperability framework, enabling seamless interaction with blockchain networks within the Cosmos ecosystem through IBC and with external blockchains, including Ethereum, Solana, and more. This interoperability extends to assets and applications, broadening the range of DeFi activities possible on Injective.
3. Zero Gas Fee Trading: Injective addresses the issue of high transaction fees prevalent in other networks like Ethereum by introducing zero gas fee trading services. Leveraging an advanced PoS consensus mechanism, Injective makes DeFi applications and trading more accessible by significantly reducing the cost barrier for users and developers.
4. Comprehensive Financial Infrastructure: Injective provides a robust financial infrastructure that supports a wide array of DeFi applications, including crypto trading dApps, spot and derivative exchanges, and lending protocols. Its fully decentralized MEV-resistant on-chain order book and comprehensive support for various financial market types make it a potent platform for DeFi innovation.
5. Developer and Community Support: The Injective ecosystem is developer-centric, offering technical assistance and financial aid to those building on its platform. It fosters a conducive environment for creating powerful inter-chain DeFi apps, enabling developers to have an easier coding experience than previous generation networks.
6. INJ Token Utility and Governance: INJ, the native utility token of Injective, plays multiple critical roles within the ecosystem, including protocol governance, network security through staking, developer incentives, and serving as collateral in DeFi applications. INJ also features a token burn mechanism, contributing to its deflationary supply and potentially enhancing its value over time.
7. Passive Income Opportunities: Injective offers passive income options through staking, providing a low-risk return for token holders. This feature is particularly attractive for new traders and those looking to earn returns on their cryptocurrency holdings without exposing themselves to high risks.
What Is Injective Price Prediction?
Although the volatile nature of the crypto market makes it challenging to provide an accurate INJ price prediction, monitoring the following factors could help you understand the price movements in the Injective crypto:
1. Injective Token Utility and Applications: INJ serves various roles within the Injective ecosystem, such as protocol governance, staking for network security, developer incentives, and transaction fee payments. Its utility across diverse functions supports the demand for the token and influences the Injective price.
2. INJ Coin Market Cap and Ranking: INJ's position in the market, indicated by its market cap and ranking, reflects investor confidence and competitiveness among other blockchain projects. It has been ranked higher than other popular tokens, suggesting robustness and potential for growth, a factor that supports the INJ crypto price.
3. $INJ Price History and Performance: The historical performance, including its launch price, all-time highs, and lows, provides insights into its volatility and market cycles. For instance, the $INJ price history shows significant fluctuations, typical in the crypto market, affecting investor sentiment and future price predictions.
4. Future Developments in the Injective Roadmap: Injective's technical infrastructure, such as its high transaction speeds, interoperability features, and the introduction of new technologies like Electro Chains and CosmWasm smart contracts, contribute to its appeal, supporting the INJ coin price. Such developments can attract new users and developers, boosting the Injective crypto price.
5. Injective Ecosystem Growth and Support: The growth of Injective's ecosystem, including the number of projects built on it and community size, is critical to determine the INJ token price. With support from major industry players and a thriving dApp environment, Injective's continued expansion can positively impact the INJ to USD price.
6. Macro Factors and Crypto Market Trends: Broader crypto market trends and macroeconomic factors, such as regulatory changes, market sentiment, and technological advancements in the blockchain space, also influence the Injective token price. Events like the Bitcoin halving and global financial policies can affect the entire crypto market, including INJ.
7. INJ Deflationary Tokenomics: INJ employs a token burn mechanism where a significant portion of transaction fees is burned, contributing to its deflationary supply. This mechanism can create scarcity over time, potentially driving up the price of Injective token.
How to Stake INJ on Injective Network
Here’s how you can stake INJ tokens on Injective to earn staking rewards:
1. First, visit the Injective Hub. Here, you'll need to connect your crypto wallet. Supported wallets include MetaMask, Ledger, Cosmostation, Leap, Keplr, Torus, or Trezor.
2. Upon accessing the Injective Hub, click "Connect" in the top-right corner to link your preferred wallet. This step is crucial for interacting with the platform and managing your INJ tokens.
3. Fund your wallet by buying Injective on KuCoin and transferring your tokens to your wallet.
4. explore the dashboard to find the staking section after connecting your wallet. You can directly access staking through as well.
5. look for the option to delegate your INJ tokens on the dashboard. You'll be presented with a list of validators. Choose a validator you trust and delegate your INJ tokens to them. You'll need to confirm this transaction in your wallet.
6. After delegating, you can manage your staking preferences, claim rewards, and view your staking balance from the Injective Hub. Remember, there's an unbonding period of 21 days if you decide to unstake your INJ tokens.
Who Are Injective’s Partners and Investors?
Injective has garnered significant support from a wide array of investors and partners, reflecting its strong position within the DeFi ecosystem. Among its notable investors are Pantera Capital and Mark Cuban, who have contributed to a $10 million funding round to support Injective's mission of creating a decentralized competitor to platforms like Robinhood.
Injective announced a substantial $150 million ecosystem initiative to accelerate developer adoption and further expand its ecosystem. This initiative has attracted participation from major institutions across Web3 and traditional finance sectors, including Pantera Capital, KuCoin Ventures, Jump Crypto, IDG Capital, Gate Labs, Delphi Labs, Flow Traders, and Kraken Ventures. This consortium represents the largest venture group within the broader Cosmos community, highlighting Injective's strategic importance and the broad-based support it enjoys.
Injective has also engaged in strategic partnerships to enhance its offerings and expand its market presence. For instance, it has collaborated with Big Data Protocol (BDP) to launch innovative structured data products, allowing users to create and trade data derivatives based on the BDP Data Market. This partnership and earlier collaborations like the one with Ocean Protocol signify Injective's commitment to expanding the DeFi landscape with new market opportunities and data-focused derivative markets.
What is the all-time high price of Injective (INJ)?
The all-time high price of Injective (INJ) is $52.590. The current price of INJ is down 56.74% from its all-time high.
How much Injective (INJ) is there in circulation?
As of 12 21, 2024, there is currently 83,755,555 INJ in circulation. INJ has a maximum supply of 100,000,000.
What is the market cap of Injective (INJ)?
The current market cap of INJ is $2.19B. It is calculated by multiplying the current supply of INJ by its real-time market price of $2.19B.
How do I store Injective (INJ)?
You can securely store your Injective in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your INJ include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
How do I convert Injective (INJ) to cash?
You can instantly exchange your Injective (INJ) for cash using KuCoin's Fast Trade feature. This feature enables you to convert INJ to your local fiat currency in just a few clicks. However, make sure to complete Identity Verification first to enjoy all the features you may need.