Exchange Injective Protocol (INJ)
If you're looking to swap Injective Protocol, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Injective Protocol or some fresh information about INJ’s price movements. And, of course, we provide you with the multiple Injective Protocol exchange options so that you can choose the offer with the best rates and lowest Injective Protocol fees, as well as other parameters that suit you.
Injective Protocol Price Stats
To help you make a decision about exchanging your Injective Protocol, we gathered some cold hard numbers: Injective Protocol price chart and other stats, such as Injective Protocol market cap.
24H HIGH $4.479848
INJ MARKET CAP $435,569,400
CIRCULATING SUPPLY 100,000,000 INJ
24H LOW $3.866863
INJ PRICE $4.355694
24H VOLUME $19,615,228.731
Injective Protocol Price Chart
Here you can see the current price of Injective Protocol, as well as Injective Protocol price history.
What is Injective Protocol?
Injective Protocol is a decentralized exchange (DEX) protocol with advanced features including cross-chain margin trading on Ethereum, Cosmos, and a few other layer-1 blockchain networks, derivatives, synthetics, forex, and futures trading. The native decentralized exchange utilizes certain technological innovations to provide fast speed, improved security, and decentralization.
Moreover, Injective protocol offers zero gas fees thanks to its Cosmos-backed layer-2 sidechain infrastructure, which also provides the optimized connection to the main Ethereum chain. The project’s end goal is to contribute to the creation of a limitless DeFi ecosystem with high transaction speeds, full decentralization, and without gas fees.
Injective protocol has implemented several features that allow it to achieve this goal. The Injective Chain is based on the Cosmos Tendermint Standard — a decentralized sidechain relayer service that works as a layer-2 derivatives platform, trade execution coordinator, and decentralized order book.
Injective Chain has a peg-zone architecture, based on the Cosmos Gravity Bridge that allows transferring the value between Ethereum and Cosmos Hub. The EVM execution framework is based on Tendermint’s Ethermint EVM implementation. The combination of those features allows cross-chain compatibility and liquidity.
Thanks to the Injective Futures protocol users can enjoy fully decentralized peer-to-peer trading via perpetual swaps and contract for different derivative products. Additionally, anyone can use the protocol to create their own derivatives markets.
Injective is completely governed by the community. The project team encourages the early adopters to know about the product and connect with the other community members and participate in the future of the project. The Injective ecosystem includes over 100 projects and 200K+ community members from around the globe.
INJ is a native utility and governance token of the project. It is used for governance, derivatives collateralization and is needed for integrating protocol security, market maker, and relayer incentives. It is also a currency for the fees within the chain.
A Simple Way To Exchange Injective Protocol Here At SwapSpace
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