Market cap
$769.38M
6.25 %
Volume (24h)
$103.94M
6.25 %
Circulating supply
97,727,220 INJ
Total supply
100,000,000 INJ
Max. supply
100,000,000 INJ
Injective Protocol (INJ)
$ 7.76
6.25 %
Main info
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Key data
updated $0Market cap$769.38M
Volume 24h$103.94M
Circulating supply97.73M98% of max 100M
All-time high$52.62-85% from peak · 2024-03-14
Injective Protocol (INJ) is a blockchain built specifically for finance — trading, DeFi apps, and derivatives. Its native token, INJ, powers the network: it's used to pay fees, secure the chain through staking, and take part in governance. Think of it as an infrastructure layer designed to let developers launch financial apps quickly, with fast transactions and full interoperability with other chains.
Frequently asked questions
What is Injective Protocol and how is it different from other blockchains?
Injective is a layer-1 blockchain focused purely on financial applications — exchanges, derivatives, prediction markets, and other DeFi services. Unlike general-purpose chains, it ships with built-in order book and trading modules out of the box, so developers don't have to build that infrastructure from scratch. It also connects natively to networks like Ethereum and Cosmos, letting assets move freely across chains.
How does the Injective network work?
Injective uses a proof-of-stake consensus mechanism based on Tendermint, which allows fast transaction finality — typically under a second. It's built with the Cosmos SDK, so it communicates with other blockchains through the Inter-Blockchain Communication (IBC) protocol. On top of that, it runs on a WebAssembly (WASM) smart contract engine, which keeps execution fast and efficient.
How is INJ token issuance structured?
INJ has a fixed maximum supply, and the network regularly burns a portion of tokens using trading fee revenue, which steadily reduces the total amount in circulation. New tokens enter the market through staking rewards and a schedule tied to network growth rather than a single mining-style emission. This deflationary burn mechanism is one of the features Injective is best known for.
How can you store and use INJ?
Since Injective is part of the Cosmos ecosystem, INJ can be stored in wallets that support Cosmos-based chains, such as Keplr or Leap, as well as in the native Injective wallet ecosystem. The token is used to pay gas fees, stake to earn rewards and help secure the network, and vote on governance proposals. It's also used by developers to pay for deploying apps on the chain.