1H
1.65%$0.1935
24H
3.87%$0.4441
7D
-2.99%$0.3674
30D
-5.90%$0.7474
The surge in AI crypto market cap can be largely attributed to the increased attention and adoption of AI solutions.
Excitement is building as DojoSwap will be announcing the details of the upcoming launchpad project in the next 1-2 days.
Despite the fervor in memecoin trading, some trading firms suggest that recent market movements do not indicate an imminent correction in the short term.
One of the major factors behind the Injective price increase is the surge in trading volumes for INJ perpetual futures contracts which recently surpassed $25.5 billion in 24 hours.
Injective Protocol (INJ) coin has gained approximately 46 percent, and 29.9 percent in the past fourteen days and seven days respectively.
Injective Protocol describes itself as the first layer-2 DEX that unlocks the full potential of decentralized derivatives and borderless DeFi.
The Injective Chain is implemented as a Cosmos SDK module, built with Ethermint (EVM on Tendermint). It utilizes a Tendermint-based Proof-of-Stake to facilitate cross chain derivatives trading across Cosmos, Ethereum, and many other layer-1 protocols. In addition, the protocol is collision resistant and utilizes Verifiable Delay Functions (VDFs) to prevent front-running.
INJ is the token utilized on Injective and was launched via a public offering in 2020, becoming the first project backed by Binance Labs to debut on Binance Launchpad. The use cases intended for INJ include but are not limited to: protocol governance, exchange fee value capture, derivatives collateralization, liquidity mining, and staking.
The Injective platform enable users to take part in decentralized cross-chain derivatives trading with zero gas fees while also being able to access cross-chain yield generation for a multitude of assets. Due to how the platform is governed by a DAO structure, Injective enables everyone to create and trade on any derivative market with only a price feed, thereby opening up more opportunities for trading on markets not found on other exchanges.
In this guide, you’ll find out what cryptocurrency derivatives are, why the ever-growing number of investors choose to turn to this financial product and what potential it holds for the crypto space.
A market is either regarded as being bearish or bullish, depending on the situation of the market at a particular time. Here is a guide to understanding the bull and bear markets.
