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INJ

Injective (INJ) Price Index

$ 4.54 Ƀ 0.00005077
  • MarketCap
    $ 453,599,791
  • Volume
    $ 57,024,034
  • Change
    -6.34%
injective-protocolInjective
$ 4.54
$ 4.54
6.34%
3,90
INJ
Injective (INJ)
$ 4.54
INJ
Injective (INJ)
author
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
By Marcel Deer
author
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
on May 02, 2023 | 4 min
Updated on Dec 14, 2023

Overview: What Is Injective (INJ)?

Injective is a blockchain platform and protocol built with Cosmos blockchain technology to create a decentralized financial ecosystem, provide financial services, and offer cross-chain trading. Injective has a cryptocurrency exchange and supports the creation of DApps. Its native cryptocurrency is Injective (INJ).

Injective was created by Eric Chen and Albert Chin, with INJ hitting the markets via the Binance Launchpad in October 2020. The protocol’s investors include Binance, Jump Crypto, Pantera Capital, and Mark Cuban.

 

What Makes the Injective Coin Unique?

In contrast to competitors like Uniswap, the Injective decentralized exchange (DEX) doesn’t use an automated market maker (AMM) to manage liquidity but uses the more traditional order book model. There are no gas fees for transactions on the Injective exchange. Instead, traders pay market maker and taker fees using Injective.

The exchange is a layer-1 decentralized exchange for cross-chain margin trading, derivatives, and forex futures trading. Web3 applications and DApps can be built on Injective’s layer-1 blockchain.

Injective has a layer-2 application on the Cosmos blockchain, which uses Cosmos cross-chain bridges. This enables users to access cryptocurrencies from other platforms, including Ethereum and Polkadot. Inter-blockchain communication (IBC) allows different blockchains to exchange assets directly, enabling interaction and interoperability whilst securing transactions and improving the user experience.

 

What Is Injective (INJ) Used for?

Injective (INJ) is a traded cryptocurrency asset. It’s used to pay fees on the Injective decentralized exchange and the Injective platform’s governance token. As Injective is a proof-of-stake protocol, INJ can also be staked.

Injective holders can earn rewards for staking to validate and secure the network and vote on changes to the Injective Protocol and platform. There are also “Relayer Incentives” paid in INJ for participants who originate exchange orders, which can be up to 40% of trading fees. The remaining 60% of fees are burned, deflating the supply of INJ, which can increase INJ’s price. 60% of fees generated by Injective dApps are auctioned weekly through the Injective buyback and burn mechanism.

 

How Does Injective Work?

As well as being an exchange and accessible to developers, Injective has its “Injective Hub,” where users can stake INJ to become network validators or delegate tokens to network validators. Injective holders can also propose and vote on initiatives for the future of Injective, including platform functionality and governance in the platform’s decentralized autonomous organization (DAO) framework.

How Is the Injective (INJ) Network Secured?

The Injective platform and network are secured by Cosmos technology and a proof-of-stake (PoS) consensus mechanism, which allows INJ holders to stake INJ and participate in validating transactions and securing the network. Injective uses a DAO framework for community management where INJ holders can propose and vote on Injective initiatives and future developments.

 

How Is the Price of Injective Determined?

INJ price is primarily influenced by supply and demand. It’s also affected by activity and patronage of the Injective exchange and platform.

 

The following factors can influence INJ price:

  • Supply, demand, and scarcity
  • INJ’s exchange fee burn and deflating supply.
  • INJs are used as collateral backing for derivatives.
  • Liquidity
  • INJ market sentiment
  • Wider cryptocurrency market sentiment
  • Injective platform performance and use
  • Competing cryptocurrencies and blockchains

 

What Is the Injective (INJ) Coin Price Prediction for 2030?

Although it’s difficult to predict the future and price of any cryptocurrency, there are INJ price predictions for 2030.

 

Binance predicts that the INJ price could reach $23.82 by 2030. In comparison, CoinCodex predicts INJ price may range between $40.40 and $51.24. Other Injective coin price predictions for 2030 also vary.

 

Where Can You Buy Injective?

Injective  can be purchased on the Injective DEX. INJ is also widely traded and available on cryptocurrency exchanges, including Coinbase, Binance, KuCoin, and Kraken.

 

How Can You Store Injective (INJ)?

Injective can be stored in compatible hot or online wallets. The least secure way to store INJ is on a cryptocurrency exchange. In contrast, the safest place for long-term Injective (INJ) balances is a compatible hardware wallet device or comparable cold storage.

 

FAQs 

Is Injective a good investment?

Cryptocurrency investors will decide if Injective is a good investment based on thorough research of the token and its ecosystem, its competitors, and the cryptocurrency market as a whole. As cryptocurrencies can be incredibly volatile and high-risk, investors must be vigilant of their risk tolerance and only invest what they can afford to lose.

 

What is the future of the Injective coin?

The future of any coin or cryptocurrency is not certain. However, the Injective platform and protocol has several innovations, including the model for the exchange and its tokenomics and focus on interoperability, that have garnered interest in the crypto and DeFi space.

 

What is the price prediction for Injective in 2025?

There are numerous price predictions for INJ for 2025 with significant variance, as it’s almost impossible to predict cryptocurrency prices accurately. Binance predicts that the INJ price could reach $18.68 by 2025. In comparison, CoinCodex predicts INJ price may range between $21.94 and $49.11.

 

What projects are built on Injective?

Injective has its decentralized exchange and the Injective Hub for stakeholder validation. Several DeFi applications and DApps are built on Injective’s layer-1 blockchain and prevalent in its ecosystem, including Helix, Black Panther, Hydro Protocol, Mito, and Neptune. For example, Helix is an order book exchange, Mito is an automated trading and yield generation app, and Black Panther is an asset management protocol.

author
About Marcel Deer
With a background in journalism and digital marketing, Marcel is a keen crypto enthusiast and investor. A regular contributor to several crypto publications, he believes that META-based projects will soar in the coming years and is super-bullish on MeritCircle and the increase in P2E gaming platforms. Marcel is also excited about AVAX and FTM as ETH-chain alternatives, and any projects with strong utility, transparency, experience, and community marketing.
bitcoinBitcoin
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mezo-wrapped-btcMezo Wrapped BTC
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bridged-tether-opbnbopBNB Bridged USDT (opBNB)
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l2-standard-bridged-usdt-baseL2 Standard Bridged USDT (Base)
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kucoin-bridged-usdt-kucoin-community-chainKCC Bridged USDT (Kucoin Community Chain)
$ 0.980449
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bridged-tether-scrollScroll Bridged USDT (Scroll)
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polygon-hermez-bridged-usdt-x-layerPolygon Hermez Bridged USDT (x Layer)
$ 0.998722
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bridged-tether-starkgateStarkGate Bridged USDT (StarkNet)
$ 0.998624
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tether-pulsechainPulsechain Bridged USDT (Pulsechain)
$ 0.994429
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morph-l2-bridged-usdt-morph-l2Morph L2 Bridged USDT (Morph L2)
$ 0.998712
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abstract-bridged-usdt-abstractAbstract Bridged USDT (Abstract)
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sophon-bridged-usdt-sophonSophon Bridged USDT (Sophon)
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stargate-bridged-usdtStargate Bridged USDT
$ 0.998909
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celer-bridged-usdt-confluxCeler Bridged USDT (Conflux)
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xone-bridged-usdt-xoneRainLink Bridged USDT (Xone)
$ 0.998716
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hashkey-bridged-usdt-hashkeyHashKey Bridged USDT (HashKey)
$ 0.998719
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kaia-bridged-usdt-kaiaWormhole Bridged USDT (Kaia)
$ 0.997721
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bridged-usdt-coreCoreDAO Bridged USDT (Core)
$ 1.00
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krown-bridged-usdt-krownKrown Bridged USDT (Krown)
$ 0.998681
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$ 0.99922
$ 0.99922
0.07%
sonic-bridged-usdt-sonicSonic Gateway Bridged USDT (Sonic)
$ 0.998724
$ 0.998724
0.07%
layerzero-bridged-usdt-etherlinkEtherlink Bridged USDT (Etherlink)
$ 0.999106
$ 0.999106
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polygon-hermez-bridged-usdt-polygon-zkevmPolygon Hermez Bridged USDT (Polygon zkEVM)
$ 0.998816
$ 0.998816
0.06%
tac-bridged-usdt-tacTAC Bridged USDT (TAC)
$ 0.998719
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osmosis-allusdtOsmosis allUSDT
$ 0.996949
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0.16%
celer-bridged-usdt-astarCeler Bridged USDT (Astar)
$ 1.01
$ 1.01
1.23%
redbelly-bridged-usdt-redbellyReddex Bridged USDT (Redbelly)
$ 0.99872
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$ 1.00
$ 1.00
0%
lisk-bridged-usdtLisk Bridged USDT (Lisk)
$ 0.99959
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0.19%
symbiosis-bridged-usdt-bahamutSymbiosis Bridged USDT (Bahamut)
$ 0.998995
$ 0.998995
3.02%
units-network-bridged-usdt-units-networkUnit Zero Network Bridged USDT (Unit Zero Network)
$ 0.998683
$ 0.998683
0.07%
mode-bridged-usdt-modeMode Bridged USDT (Mode)
$ 0.999134
$ 0.999134
0.33%
zircuit-bridged-usdt-zircuitZircuit Bridged USDT (Zircuit)
$ 0.990688
$ 0.990688
0.87%
soneium-bridged-usdt-soneiumSoneium Bridged USDT (Soneium)
$ 0.993342
$ 0.993342
0.27%
bob-network-bridged-usdt-bob-networkBOB Network Bridged USDT (BOB Network)
$ 0.99872
$ 0.99872
0.07%
beam-bridged-usdt-beamBeam Bridged USDT (Beam)
$ 1.00
$ 1.00
0.01%
shimmerbridge-bridged-usdt-shimmerevmShimmerBridge Bridged USDT (ShimmerEVM)
$ 0.998853
$ 0.998853
0.05%
unichain-bridged-usdt-unichainUnichain Bridged USDT (Unichain)
$ 0.997937
$ 0.997937
0.08%
bridged-tether-fuseFuse Bridged USDT (Fuse)
$ 0.972832
$ 0.972832
0.09%
nova-tether-usdNova Merged USDT (zkLink)
$ 0.998904
$ 0.998904
0.03%
viction-bridged-usdtArken Bridged USDT (Viction)
$ 0.99873
$ 0.99873
0.07%
areon-bridged-usdt-areon-networkAreum Bridged USDT (Areum Network)
$ 0.989242
$ 0.989242
0.19%
pundi-aifx-omnilayer-bridged-usdt-pundi-aidx-omnilayerPundi AIFX Omnilayer Bridged USDT (Pundi AIFX Omnilayer)
$ 0.998882
$ 0.998882
0.05%
taraxa-bridged-usdt-taraxaFicus Root Bridged USDT (Taraxa)
$ 0.998771
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0.12%
usd-coinUSDC
$ 0.999607
$ 0.999607
0.01%
binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain)
$ 0.999979
$ 0.999979
0.04%
bridged-usd-coin-starkgateStarkGate Bridged USDC (Starknet)
$ 0.999712
$ 0.999712
0.01%
cronos-bridged-usdc-cronosCronos Bridged USDC (Cronos)
$ 0.995156
$ 0.995156
0.73%
bridged-usd-coin-lineaLinea Bridged USDC (Linea)
$ 0.999944
$ 0.999944
0.05%
bridged-usd-coin-scrollBridged USD Coin (Scroll)
$ 0.997949
$ 0.997949
0.24%
mantle-bridged-usdc-mantleMantle Bridged USDC (Mantle)
$ 1.00
$ 1.00
0.17%
zksync-bridged-usdc-zksynczkSync Bridged USDC (zkSync)
$ 0.99961
$ 0.99961
0.01%
gnosis-xdai-bridged-usdc-gnosisGnosis xDAI Bridged USDC (Gnosis)
$ 0.999611
$ 0.999611
0.02%
layerzero-bridged-usdc-etherlinkEtherlink Bridged USDC (Etherlink)
$ 0.999607
$ 0.999607
0.01%
ccip-bridged-usdc-roninCCIP Bridged USDC (Ronin)
$ 0.996299
$ 0.996299
0.4%
usd-coin-pulsechainBridged USD Coin (PulseChain)
$ 0.998129
$ 0.998129
0.04%
saga-bridged-usdc-sagaSquid Bridged USDC (Saga)
$ 0.9997
$ 0.9997
0%
polygon-hermez-bridged-usdc-x-layerPolygon Hermez Bridged USDC (X Layer)
$ 0.998938
$ 0.998938
0.12%
initia-bridged-usdc-initiaInitia Bridged USDC (Initia)
$ 0.9997
$ 0.9997
0%
sx-rollup-bridged-usdc-sx-rollupSX Rollup Bridged USDC (SX Rollup)
$ 0.9997
$ 0.9997
0.01%
near-intents-bridged-usdcNEAR Intents Bridged USDC
$ 1.00
$ 1.00
0.29%
layerzero-bridged-usdc-aptosLayerZero Bridged USDC (Aptos)
$ 0.997651
$ 0.997651
0.33%
wanchain-bridged-usdc-cardanoWanchain Bridged USDC (Cardano)
$ 0.999588
$ 0.999588
0.12%
multichain-bridged-usdc-fantomMultichain Bridged USDC (Fantom)
$ 0.020562
$ 0.020562
2.47%
taiko-bridged-usdc-taikoTaiko Bridged USDC (Taiko)
$ 0.991545
$ 0.991545
0.65%
celer-bridged-usdc-astarCeler Bridged USDC (Astar)
$ 0.999676
$ 0.999676
0%
sophon-bridged-usdc-sophonSophon Bridged USDC (Sophon)
$ 0.999602
$ 0.999602
0.01%
bridged-usdc-immutable-zkevmBridged USDC (Immutable zkEVM)
$ 0.998804
$ 0.998804
0.32%
rainbow-bridged-usdc-auroraRainbow Bridged USDC (Aurora)
$ 0.999474
$ 0.999474
0.04%
rollux-bridged-usdc-rolluxRollux Bridged USDC (Rollux)
$ 0.999703
$ 0.999703
0%
cronos-zkevm-bridged-usdc-cronos-zkevmCronos zkEVM Bridged USDC (Cronos zkEVM)
$ 0.9997
$ 0.9997
0%
bridged-usd-coin-manta-pacificBridged USD Coin (Manta Pacific)
$ 0.999265
$ 0.999265
0.06%
kucoin-bridged-usdc-kucoin-community-chainKCC Bridged USDC (KuCoin Community Chain)
$ 0.965039
$ 0.965039
3.83%
polygon-hermez-bridged-usdc-polygon-zkevmPolygon Hermez Bridged USDC (Polygon zkEVM)
$ 1.00
$ 1.00
0.01%
morph-l2-bridged-usdc-morph-l2Morph L2 Bridged USDC (Morph L2)
$ 1.00
$ 1.00
0.63%
celer-bridged-usdc-confluxCeler Bridged USDC (Conflux)
$ 0.998786
$ 0.998786
0.36%
eclipse-bridged-usdc-eclipseEclipse Bridged USDC (Eclipse)
$ 0.9997
$ 0.9997
0%
bifrost-bridged-usdc-bifrostBifrost Bridged USDC (Bifrost)
$ 0.999698
$ 0.999698
0.01%
beam-bridged-usdc-beamBeam Bridged USDC (Beam)
$ 1.01
$ 1.01
0.63%
synapse-bridged-usdc-elastosSynapse Bridged USDC (Elastos)
$ 0.978631
$ 0.978631
0.21%
bridged-usdc-coreCoreDAO Bridged USDC (Core)
$ 1.01
$ 1.01
0.79%
mode-bridged-usdc-modeMode Bridged USDC (Mode)
$ 0.9997
$ 0.9997
0.01%
zero-network-bridged-usdc-zero-networkZero Network Bridged USDC (Zero Network)
$ 0.999698
$ 0.999698
0.31%
mantra-bridged-usdc-mantraMantra Bridged USDC (Mantra)
$ 0.9997
$ 0.9997
0%
official-arbitrum-bridged-usdc-arbitrum-novaArbitrum Bridged USDC (Arbitrum Nova)
$ 0.993846
$ 0.993846
0.78%
hyperlane-bridged-usdc-mantra-evmHyperlane Bridged USDC (Mantra EVM)
$ 0.999698
$ 0.999698
0.01%
force-bridge-usdcBridged USD Coin (Force Bridge)
$ 0.995255
$ 0.995255
0%
ima-bridged-usdc-skaleSkale IMA Bridged USDC (Skale)
$ 0.9997
$ 0.9997
0.01%
nomad-bridged-usdc-moonbeamNomad Bridged USDC (Moonbeam)
$ 0.145634
$ 0.145634
1.95%
celer-bridged-usdc-filecoinCeler Bridged USDC (Filecoin)
$ 0.998649
$ 0.998649
0.17%
symbiosis-bridged-usdc-bahamutSymbiosis Bridged USDC (Bahamut)
$ 0.9998
$ 0.9998
0.01%
edu-chain-bridged-usdc-edu-chainArbitrum Bridged USDC (EDU Chain)
$ 0.999678
$ 0.999678
0%
fraxtal-bridged-usdc-fraxtalFraxtal Bridged USDC (Fraxtal)
$ 0.999698
$ 0.999698
0.01%
thundercore-bridged-usdc-thundercoreThundercore Bridged USDC (Thundercore)
$ 0.99964
$ 0.99964
0.01%
wormhole-bridged-usdc-fantomWormhole Bridged USDC (Fantom)
$ 0.12498
$ 0.12498
167.46%
nova-usdczkLink Nova Merged Bridged USDC (zkLink Nova)
$ 1.00
$ 1.00
0.04%
shido-bridged-usdcShido Bridged USDC (Shido)
$ 0.999698
$ 0.999698
0.01%
bridged-usdc-chainportChainport Bridged USDC (Humanode)
$ 0.999698
$ 0.999698
0.01%
superseed-bridged-usdc-superseedSuperseed Bridged USDC (Superseed)
$ 1.00
$ 1.00
0.12%
q-bridged-usdc-q-mainnetQ Bridged USDC (Q Mainnet)
$ 0.842068
$ 0.842068
6.86%
sanko-bridged-usdc-sankoSanko Bridged USDC (Sanko)
$ 0.976873
$ 0.976873
3.36%
celer-bridged-usdc-oasysCeler Bridged USDC (Oasys)
$ 0.942703
$ 0.942703
0%
energi-bridged-usdc-energiEnergi Bridged USDC (Energi)
$ 0.999624
$ 0.999624
0.01%
multichain-bridged-usdc-moonbeamMultichain Bridged USDC (Moonbeam)
$ 0.023596
$ 0.023596
5.92%
multichain-bridged-usdc-dogechainMultichain Bridged USDC (Dogechain)
$ 0.044785
$ 0.044785
0%
cardanoCardano
$ 0.35123
$ 0.35123
5.32%
binance-peg-cardanoBinance-Peg Cardano
$ 0.351455
$ 0.351455
5.14%
binance-peg-busdBinance-Peg BUSD
$ 0.998595
$ 0.998595
0.42%
binance-usdBUSD
$ 0.982806
$ 0.982806
1.66%