INJ
INJ

Injective price

$29.0230
+$0.19400
(+0.67%)
Price change from 00:00 UTC until now
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Injective market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$2.83B
Circulating supply
97,727,220 INJ
Market cap ranking
44
24h high
$30.7970
24h low
$28.5780
All-time high
$53.2000

INJ calculator

USDUSD
INJINJ

Injective price performance in USD

The current price of Injective is $29.0230. Since 00:00 UTC, Injective has increased by +0.67%. It currently has a circulating supply of 97,727,220 INJ and a maximum supply of 100,000,000 INJ, giving it a fully diluted market cap of $2.83B. At present, the Injective coin holds the 44 position in market cap rankings. The Injective/USD price is updated in real-time.
Today
$0.19400
+0.67%
7 days
-$3.1670
-9.84%
30 days
$4.0210
+16.08%
3 months
$9.2070
+46.46%

About Injective (INJ)

4.2/5
Certik
4.2
11/12/2024
CyberScope
4.2
12/12/2024
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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Injective is a blockchain built for finance, providing an open, interoperable layer-one blockchain that powers next-generation DeFi applications, including decentralized spot and derivatives exchanges, AMMs, lending protocols, asset management protocols, and more. Founded in 2018 by Eric Chen and Albert Chon, Injective Labs is a research and development company that serves as one of the contributors to Injective. The mission of Injective is to create a truly free and inclusive financial system through decentralization, and to be the best blockchain built for finance. Injective is the only blockchain where developers can find robust out-of-the-box modules such as a completely decentralized order book that can be utilized to build a diverse array of sophisticated applications.

How does Injective work

Injective uniquely provides developers with powerful plug-and-play modules for creating unmatched dApps. These modules include a decentralized order book and derivatives trading module, options module, oracle module, and more to make it easy for any developer to quickly launch DeFi applications. Injective is built using the Cosmos SDK and is able to attain instant transaction finality using the Tendermint proof-of-stake consensus framework. In addition, Injective can facilitate fast cross-chain transactions across the largest layer one networks such as Ethereum, Solana, Polkadot and IBC-enabled blockchains.

Injective price and tokenomics

The native utility and governance token of Injective is INJ, which is used to secure the Injective L1 blockchain using a proof-of-stake (PoS) mechanism and powers Injective and its rapidly growing ecosystem. The INJ token has a maximum supply of 100 million tokens. The other key details of Injective’s tokenomics are:

  • Developer Incentives: 40% of fees generated by users on dApps built on Injective go towards incentivizing new developers building on Injective.
  • Protocol Fee Value Accrual: 60% and even more of all fees generated from dApps enter an on-chain buy-back-and-burn events.
  • Tendermint-based Proof-of-Stake (PoS) Security: INJ is used to secure Injective blockchain using a PoS mechanim. Validators and delegators can both participate in staking.
  • Governance: The INJ token governs every single component of Injective, with all proposal passing through a DAO governance vote.

About the founder

Injective Labs was co-founded by Eric Chen and Albert Chon in 2018. Eric Chen is the CEO of Injective Labs. His passion for crypto and blockchain started with mining Ethereum and participating in cryptographic research in college while studying finance and computer science. After working at a major crypto hedge fund, he decided to drop out of college and founded Injective Labs together with Albert Chon (CTO).

Injective highlights

Injective has achieved several significant milestones since its inception. In August 2022, Injective raised US$40 million to help expand financial applications on its L1 blockchain. In January 2023, Injective launched $150 million Injective Venture Group to support promising decentralized applications (dApps) built on Injective. In November 2023, Injective celebrated its second year of mainnet and reached over 314 million transactions, saw more than 44 million INJ tokens staked and 5.7 million INJ tokens burned through the weekly burn auctions.

Frequently Asked Questions about Injective (INJ)

  1. What is Injective (INJ)?

    Injective is a blockchain built for finance, providing an open, interoperable layer-one blockchain that powers next-generation DeFi applications.

  2. What are the key features of Injective's blockchain technology?

    Key features include premier plug-and-play Web3 modules, dynamic smart contracts, unprecedented interoperability, and highly secured Tendermint Consensus Mechanism.

  3. What is the INJ token used for?

    The INJ token is used to secure the Injective L1 blockchain using a proof-of-stake (PoS) mechanism. It's also used for governance, protocol fee value capture, developer incentives, and Tendermin-based PoS security.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 2.6K new posts about Injective, driven by 564 contributors, and total online engagement reached 415K social interactions. The sentiment score for Injective currently stands at 86%. Compared to all cryptocurrencies, post volume for Injective currently ranks at 1870. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Injective.
Powered by LunarCrush
Posts
2,590
Contributors
564
Interactions
415,414
Sentiment
86%
Volume rank
#1870

X

Posts
2,458
Interactions
379,732
Sentiment
90%

INJ FAQ

How much is Injective worth today?
Currently, one Injective is worth $29.0230. For answers and insight into Injective's price action, you're in the right place. Explore the latest Injective charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Injective, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Injective have been created as well.
Disclaimer
The content on this platform ("Content"), is sourced from external parties and sources not affiliated with OKX. OKX does not endorse or guarantee the accuracy, reliability, or suitability of the Content , and we are not responsible or liable for any errors, delays, or inaccuracies. The Content, including any external links, are for general informational purposes only and is not intended to provide (i) investment advice; (ii) a recommendation, offer, or solicitation to buy, sell, or hold any crypto asset or to engage in any specific trading strategy; or (iii) investment, financial, accounting, legal, or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, and their value can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult a legal, tax, and/or investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning.
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INJ calculator

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