Market Cap
$2,099,088,004.4
Fully Diluted Valuation
$2,120,913,575.0
24 Hour Trading Vol
$357,135,118.9
Circulating Supply
98,970,935.4
Total Supply
100,000,000.0
Max Supply
∞
Injective Price
$21.21
24h Range
$19.95 - $23.66
Percent Change 1h
-5.06%
Percent Change 24h
-8.54%
Percent Change 7d
10.81%
All-time high
$52.62
All-time low
$0.657
1D
7D
1M
1Y
All
Injective (INJ) is a decentralized exchange (DEX) protocol designed to facilitate high-speed trading and derivatives on the blockchain. Launched in 2021, Injective aims to provide users with a seamless trading experience by eliminating intermediaries and allowing for the trading of any derivative asset. The protocol supports various trading features, including spot trading, futures, and options, all while prioritizing speed and security.
Injective operates on a layer-2 solution built on the Cosmos SDK, which enables fast transactions and low fees. The platform is unique in that it allows users to create their own decentralized exchanges, enhancing the flexibility of trading options available to users. As of 2024, Injective has gained significant traction, with its market cap surpassing $500 million, reflecting the growing interest in decentralized finance (DeFi) platforms.
Injective was co-founded by Eric Chen, who serves as the CEO, and Albert Chon, who is the COO. Eric Chen has a robust background in finance and technology, with experience in investment banking and blockchain technology. Albert Chon brings expertise in software engineering and product development, having worked in various tech startups prior to Injective. The founders have a vision of creating an inclusive financial ecosystem that empowers users globally by leveraging blockchain technology.
Injective operates on a decentralized architecture that enables users to trade without relying on centralized exchanges. The protocol uses an order book model combined with a layer-2 scaling solution to optimize transaction speed and reduce costs. Key components of Injective's functionality include:
Injective's architecture supports a variety of use cases that appeal to traders and developers alike:
Ensuring the safety of your Injective assets involves following best practices in cryptocurrency security:
Investing in Injective (INJ) or any other cryptocurrency involves several steps:
1. Choose a Reliable Exchange: Select a reputable cryptocurrency exchange platform like Coinbase, Binance, or Okx. These platforms allow you to buy, sell, and trade cryptocurrencies.
2. Create an Account: Sign up for an account on your chosen exchange by providing the necessary personal information and completing the verification process.
3. Fund Your Account: Deposit funds into your exchange account using various methods like bank transfers, credit/debit cards, or wire transfers.
4. Buy Injective: Once your account is funded, you can purchase Injective directly from the exchange. Choose the desired amount and complete the transaction.
Botsfolio is a platform that automates cryptocurrency investments using trading bots. To invest in Injective using Botsfolio, follow these steps:
Botsfolio allows you to automate your cryptocurrency investments, potentially saving time and effort while optimizing your trading strategies.
Injective (INJ) is currently trading at $21.21 and exhibits good potential for future growth. Check the latest Injective (INJ) price prediction.
Recent Big Transactions
Recent Big Transactions
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