Injective Protocol - Coinspeaker

Injective Protocol Market Data

Market Capitalization

$547.26 M

Fully diluted valuation

$547.26 M

Volume 24H

$58.05 M

Circulating supply

100 000 000

Total supply

100 000 000

Circ. percent

100.0%

All-time high

$52.62 (-89.6%)

All-time high date

Mar 14th, 2024

All-time low

$0.6574 (735%)

All-time low date

Nov 3rd, 2020

First announced

Popularity

141

Price Change (1H)

$0.0143 (-0.26%)

Price Change (1D)

$0.2149 (4.09%)

Price Change (1W)

$1.31 (-19.3%)

Price Change (2W)

$1.65 (-23.2%)

Price Change (1M)

$3.05 (-35.8%)

Price Change (1Y)

$22.78 (-80.6%)

24h Range

$5.22 - $5.52

Volume/Market cap

10.61%

Injective Protocol price today

Today's live Injective Protocol price is $5.47 USD, with a 24-hour trading volume of $58 052 708 USD. We provide real-time updates for the INJ to USD price. Injective has increased by 4% in the last 24 hours. Currently ranked 141 in the cryptocurrency market, Injective Protocol has a live market cap of $547 262 867 USD, with a circulating supply of 100 000 000INJ coins and the maximum supply not available.

About Injective Protocol

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.

Click to see more