Injective
Current price
$7.17
−9.78%24h
LiveUpdated 23s ago
TodayInjective drops 9.8%, trailing the market.
Scroll to zoom · drag to move · ← → to read pricesPinch to zoom · press and hold to read prices
View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.95%
- 24 hours−9.78%
- 7 days−3.02%
- 30 days+20.98%
- 1 year−20.21%
Injective's move in context
Lagging the market today
−9.78% today against −3.24% for the market as a whole, a gap of 6.5 points. A gap this wide suggests something specific to Injective may be moving it, not just the market mood.
Trend has turned
−3.0% over 7 days and +21.0% over 30 days: the last week went against the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Injective
Injective Protocol: A Decentralized Layer 2 Protocol for Trading
Injective Protocol is a decentralized layer 2 protocol designed to facilitate high-performance trading and finance applications on the blockchain. Launched in 2021, Injective Protocol aims to enable users to trade any cryptocurrency, derivative, or financial asset in a fully decentralized manner while ensuring fast execution speeds and low transaction costs. Built on top of the Ethereum blockchain and powered by Cosmos SDK, Injective Protocol provides a unique infrastructure for developers and traders in the decentralized finance (DeFi) space.
Key Aspects of Injective Protocol
Decentralized Trading Infrastructure: Injective Protocol offers a decentralized trading infrastructure that allows users to access a wide range of trading options, including spot trading, futures, and decentralized exchanges (DEXs). By eliminating intermediaries and centralized exchanges, Injective empowers users with complete control over their assets while reducing the risks associated with hacks and failures of centralized entities.
Fast and Efficient Transactions: One of the core features of Injective Protocol is its ability to process transactions rapidly and efficiently. The layer 2 solution leverages the advantages of the Cosmos ecosystem to achieve low latency and high throughput, ensuring that traders can execute orders quickly and at competitive prices. This performance is crucial for traders looking to capitalize on market opportunities in real-time.
Customizable Trading Experiences: Injective Protocol provides developers with the tools to create custom trading applications and platforms. The protocol's modular architecture allows developers to build unique trading experiences tailored to their specific use cases, whether they are creating DEXs, algorithmic trading bots, or innovative DeFi products. This flexibility fosters innovation within the DeFi ecosystem.
On-chain Orderbook Model: Unlike traditional DEXs that utilize an automated market maker (AMM) model, Injective Protocol employs an on-chain orderbook model. This approach allows users to place limit and market orders, providing more control over their trades and enabling advanced trading strategies. The on-chain orderbook enhances liquidity and improves price discovery for users.
Token Utility and Governance: The native token of Injective Protocol, INJ, plays a vital role in the ecosystem. INJ holders can participate in governance decisions, stake their tokens for rewards, and utilize them for transaction fees on the platform. This tokenomics model incentivizes active participation within the Injective community and aligns the interests of users and developers.
Community and Ecosystem Growth: Since its inception, Injective Protocol has garnered a strong community of supporters and developers. The project has established partnerships with various DeFi protocols and projects, expanding its reach and influence within the blockchain space. Ongoing efforts to foster community engagement and support innovative projects built on Injective are essential for its continued growth and success.
Injective market
- Position by market cap among the coins we track.
- #70
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $716.67M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $7.13High $8.03
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $52.82
- Now 14% of itReached 13 Mar 2024 · Needs +637% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 100M INJ
- 100% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 100M INJ
- The most coins that can ever exist. Some coins have no limit.
Injective converter
1 Injective = $7.17
