Injective
INJ Rank #104
DeFiLayer 1
₹520.06
▲ 4.79%
24h
Market Cap
₹52,006,000,000
24h Volume
₹156,403,724
All-Time High
₹5,076.78
All-Time Low
₹63.43
Circ. Supply
100,000,000
Fully Diluted
—
Price Chart
24h Price Range
INR
₹496.20
₹537.00
Overview
About Injective
Injective is a blockchain built specifically for finance, offering fast, low-fee trading infrastructure for spot markets, derivatives, and other financial products. Its token, INJ, is used for fees, staking, and governance.
Injective was founded by Eric Chen and Albert Chon, who met at Stanford's Blockchain program, launching the project in 2018 and its mainnet in 2021 with backing from Binance. It was built specifically for finance, aiming to bring the speed of centralized exchanges on-chain.
Injective is a layer-1 blockchain built with the Cosmos SDK, offering a fully on-chain, decentralized order book rather than the pooled liquidity model most decentralized exchanges use. It supports derivatives, spot trading, and prediction markets natively, with sub-second finality, and connects to Ethereum, Solana, and the wider Cosmos ecosystem.
INJ pays fees and is staked to secure the network, and a portion of fees generated across the ecosystem's applications is used in a weekly auction where INJ is bought back and burned, tying token supply directly to platform usage. It also governs protocol parameters through on-chain voting.
Key Facts
Market Rank#104
Circulating100,000,000 INJ
SymbolINJ