Injective Protocol INJ Price
$5.14
Rank 105
-
1H
0.08%$0.0041
24H
-8.89%$0.5015
7D
30.7%$1.21
30D
71.1%$2.14
-
Market cap $512.19 M Full cap $512.19 M Volume 24H $277.35 M ATH $52.62
Injective Protocol Price Chart
Injective Protocol Market Data
Injective Protocol price today
Today's live Injective Protocol price is $5.14 USD, with a 24-hour trading volume of $277 354 043 USD. We provide real-time updates for the INJ to USD price. Injective has decreased by 8% in the last 24 hours. Currently ranked 105 in the cryptocurrency market, Injective Protocol has a live market cap of $512 186 378 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.
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How much is 1 INJ?
Conversion Table
INJ/USD
(US Dollar)
5.14 USD
INJ/EUR
(Euro)
4.54 EUR
INJ/JPY
(Japanese Yen)
733.3 JPY
INJ/CHF
(Swiss Franc)
4.20 CHF
INJ/CNY
(Chinese Yuan)
37.77 CNY
INJ/GBP
(British Pound Sterling)
3.88 GBP
INJ/INR
(Indian Rupee)
440.3 INR
INJ/KRW
(South Korean Won)
7 343 KRW
INJ/CAD
(Canadian Dollar)
7.17 CAD
INJ/NGN
(Nigerian Naira)
8 250 NGN
INJ/BRL
(Brazilian Real)
30.26 BRL
INJ/SGD
(Singapore Dollar)
6.76 SGD
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