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Injective is an open layer-1 blockchain that is used to build high performance DeFi applications. Its interoperability with other layer-1 blockchains such as Polygon and Solana through its 'Wormhole integration' makes Injective very special.
Injective is backed by prominent investors such as Binance and Pantera Capital and its ecosystem has managed to produce more than 100 projects and an over 150K members worldwide.
Among the most featured dapps on the ecosystem are:
Helix: an orderbook exchange
Frontrunner: a prediction market
Astroport: an AMM exchange
Injective has a native utility token, INJ. There is a total supply of 100,000,000 INJ coins but currently, there are only 80,005,555 INJ coins in circulation. The token uses the Tendermint Proof-of-Stake (PoS) consensus mechanism and it is used for:
participating in governance
burn auctions
participating in validation
rewarding stakers
INJ has an all-time high price of $24.89, registered in 2021 and an all-time low price of $0.657401, registered in 2020.
INJ currently has a market cap of $594,980,537 and ranked 80th based on it. In the last 30 days the token showed a huge price rally registering an impressive 33.8% increase.
This high gains could be related to Injective's announcement of its partnership with Eclipse to introduce the first inter-chain Solana Sealevel Virtual Machine (SVM) called the 'Cascade'.
In addition, Injective also announced its partnership with Kraken Exchange which can be very crucial for the price of INJ.
Developments regarding its first Hackathon and the proposal to migrate Pyth Network to an Injective mainnet also grabbed the eyes of most people which definitely has a positive impact on the activities of the platform.
So what are your thoughts on Injective (INJ)...... Let me know
I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion.
Resources
Injective is an open layer-1 blockchain that is used to build high performance DeFi applications. Its interoperability with other layer-1 blockchains such as Polygon and Solana through its 'Wormhole integration' makes Injective very special.
Injective is backed by prominent investors such as Binance and Pantera Capital and its ecosystem has managed to produce more than 100 projects and an over 150K members worldwide.
Among the most featured dapps on the ecosystem are:
Helix: an orderbook exchange
Frontrunner: a prediction market
Astroport: an AMM exchange
Injective has a native utility token, INJ. There is a total supply of 100,000,000 INJ coins but currently, there are only 80,005,555 INJ coins in circulation. The token uses the Tendermint Proof-of-Stake (PoS) consensus mechanism and it is used for:
participating in governance
burn auctions
participating in validation
rewarding stakers
INJ has an all-time high price of $24.89, registered in 2021 and an all-time low price of $0.657401, registered in 2020.
INJ currently has a market cap of $594,980,537 and ranked 80th based on it. In the last 30 days the token showed a huge price rally registering an impressive 33.8% increase.
This high gains could be related to Injective's announcement of its partnership with Eclipse to introduce the first inter-chain Solana Sealevel Virtual Machine (SVM) called the 'Cascade'.
In addition, Injective also announced its partnership with Kraken Exchange which can be very crucial for the price of INJ.
Developments regarding its first Hackathon and the proposal to migrate Pyth Network to an Injective mainnet also grabbed the eyes of most people which definitely has a positive impact on the activities of the platform.
So what are your thoughts on Injective (INJ)...... Let me know
I am not a financial advisor. The information found here are for educational purposes and cite my personal opinion.
Resources
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