INJ Price Today
The live Injective Protocol price today is $3.9582 with a 24-hour trading volume of $84,922,224.89. Injective Protocol is -5.73% in the last 24 hours.The current MyToken ranking is #121,with a live market cap of $308,314,913.24. It has a circulating supply of 78,005,555 INJ and a max supply of 100,000,000 INJ.
What Is Injective Protocol?
Injective Protocol is a layer-2 decentralized trading Protocol that can be used for decentralized cross-chain derivatives trading, unleashing the full potential of DiFi. The agreement supports decentralized contracts for Difference (CFD), perpetuity contracts and other derivatives markets. INJ is the native asset of Injective Protocol, and is used for a variety of functions, such as Forever Finance (YFI) using DAO for Protocol governance, value capture of transaction fees, derivative collateral, liquidity mining, and Staking.
INJ is Staking, the native asset of Injective Protocol, which has many functions, such as Protocol governance, value capture for transaction fees, collateral for derivatives, liquidity mining, and Staking. InjectiveProtocol, the industry's first Layer-2 decentralized trading protocol, unleels the full potential of borderless decentralized finance for decentralized cross-chain derivatives trading as well as decentralized contracts for Difference (CFD) and permanent swaps markets.
An early believer in the 0X protocol, Injective started out as a quick, secure, decentralised order book solution that prevented front-running. According to the founders of Injective's team, Injective Protocol has been a verifiable, decentralized, open source platform since day one. By mid-2019, The official team of Injective began to realize they needed to establish themselves in a larger ecosystem than Ethereum. So they started adding more components to The Injective chain, building a full-fledged EVM environment that was no longer just a simple decentralized order book, but a peg zone that was directly linked to Ethereum as a scaling solution. With the infrastructure in place, Injective began to move in the direction of derivatives, innovating in scaling up derivatives to form a vertically stacked derivatives ecosystem of existing products. The decentralization of Injective is reflected in every component of open source: front-end switching interface, back-end infrastructure, smart contracts, order mobility.
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