Injective Price (INJ)

Injective Price (INJ)

Currency:
INJ to USD:
1 Injective equals $ 30.19 USD+5.47%1D
Page last updated: 2024-12-12 17:11 (UTC+0)
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Price of INJ today

The live price of Injective is $ 30.19 per (INJ / USD) with a current market cap of $ 2.99B USD. 24-hour trading volume is $ 211.13M USD. INJ to USD price is updated in real-time. Injective is +5.47% in the last 24 hours with a circulating supply of 98.97M.
INJ Price History USD
Date ComparisonAmount Change% Change
Today$ 1.566477+5.47%
30 Days$ 6.22365+25.97%
60 Days$ 10.03+49.79%
90 Days$ 11.18+58.81%

INJ Market Information

24h Low & High
Low: $ 28.30
High: $ 30.77
The highest and lowest price paid for this asset in 24 hours.
All Time High
$ 52.75
The highest price paid for this asset since it was launched or listed.
Price Change (1h)
+0.16%
The percentage change in price for this asset compared to 1 hour ago.
Price Change (24h)
+5.47%
The percentage change in price for this asset compared to 24 hours ago.
Price Change (7d)
-11.07%
The percentage change in price for this asset compared to 7 days ago.

INJ Market Information

Popularity
#55
Popularity is based on the relative market cap of assets.
Market Cap
$ 2.99B
Market cap is calculated by multiplying the asset's circulating supply with its current price.
Volume (24hours)
$ 211.13M
The total dollar value of all transactions for this asset over the past 24 hours.
Circulation Supply
98.97M
The number of coins circulating in the market and available to the public for trading, similar to publicly traded shares on the stock market.
Total Maximum Supply
--
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Fully Diluted Market Cap
$ 3.02B
The total number of coins that will ever be created for the cryptocurrency, similar to fully diluted shares in the stock market. If this data is not provided or verified by CoinMarketCap, the maximum supply is displayed as '--'.
Issue Date
2020-10-21

What Can You Do With Injective (INJ)?

Explore how to use your cryptocurrencies with Binance.

What is Injective (INJ)?

Injective is the blockchain built for finance. Known for its high transaction throughput, interoperability, and financial primitives, it aims to bring the global financial system on-chain efficiently and securely. Founded in 2018, the network was carefully designed to address a clear gap in the blockchain-based finance market, where existing solutions were extremely rudimentary, difficult to use, and not secure. Today, Injective fills that gap, offering technology that will enable finance to realize the full potential of operating on chain.  

Operating as a Layer-1, Injective utilizes a custom implementation of the Tendermint Proof-of-Stake (PoS) consensus framework and refinements to its base tech stack to deliver the speed and efficiency required for commercial scalability. The network achieves 25,000+ TPS, with sub-second block times (650 ms) and instant transaction finality—all while averaging just $0.0003 per transaction. Additionally, it facilitates rapid cross-chain transactions, seamlessly connecting it to leading networks like Ethereum, Solana, Cosmos Hub, and more.

Injective comes equipped with pre-built and customizable infrastructure, called modules, to quickly implement sophisticated functionality into applications built on the platform. Modules work like building blocks that can be combined to expand the blockchain’s capabilities. This approach aims to reduce the friction and technical complexity of implementing core features, making development easier. Each module operates independently but communicates with others through inter-module messaging, making Injective’s architecture modular and adaptable. 

As the native asset of Injective and its broader ecosystem, INJ plays a critical role in powering the blockchain. INJ serves as a medium of exchange (transaction fees, purchases, Burn Auction bidding, etc.), is crucial in securing the network through staking (PoS), and is utilized for community led governance across all parameters of the chain. Each aspect of INJ is designed to foster a thriving Web3 ecosystem, aligning economic structures and technological innovation to advance the future of decentralized finance. 

INJ is listed on Binance for purchase and trade. The current price of INJ is available in real-time on Binance.

Injective Resources

People Also Ask: Other Questions About Injective

What is INJ Used For?

INJ is the native asset of the Injective blockchain, used for paying transaction fees, bidding on the Burn Auction, securing the network through staking, and participating in community governance to make decisions about the platform. It powers the entire ecosystem, aligning incentives for growth and development in Web3 finance.

How Does Network Consensus and Validation Work on Injective?

Injective implements a Proof-of-Stake (PoS) consensus model using a custom implementation of the Tendermint consensus framework. Security is achieved by nodes staking INJ tokens to participate in the consensus mechanism to validate and add new transaction blocks to the chain. Validators who delegate in this network model are rewarded with INJ tokens.

Who Are the Founders of the Injective Labs?

Eric Chen and Albert Chon, co-founders of the Injective Labs, launched Injective in 2018. Initially existing as a DEX protocol for perpetual swaps, futures, and spot trading, Injective has since evolved into a Layer-1 blockchain optimized for financial applications.

What Is the Maximum Token Supply of INJ?

INJ has a maximum token supply of 100,000,000, and its supply was fully unlocked as of January 2024. At the time of writing, the circulating supply is 98,848,019.96 INJ.

What Makes Injective Different From Others?

Injective is equipped with specialized modules and low-latency infrastructure tailored for DeFi, enabling developers to build complex, high-performance applications with streamlined setup and deployment. This not only makes development easier, but also unlocks potential for creating new, innovative applications and technologies. It is capable of supporting commercial-grade performance and scalability, achieving over 25,000 transactions per second, sub-second block times (650 ms), and instant finality, all at an average cost of just $0.0003 per transaction. Similarly, the INJ token economy is uniquely designed for long-term sustainability, using its novel Burn Auction and programmatic supply mechanism to scale horizontally with ecosystem growth and participation, rather than being tied to network congestion.

How to Buy Injective (INJ)?

Injective (INJ) can be purchased directly from Binance by using a debit or credit card. Injective (INJ) can also be traded for other cryptocurrencies on Binance. Live Injective protocol price is updated in real-time on Binance. Additionally, INJ price and purchase information is available on our How to Buy Injective (INJ) Guide.

How Much Will Injective (INJ) Be Worth in the Future?

Check out our Injective Price Prediction page — when deciding on your own price targets. Data displayed are based on user input and not Binance's opinion.

INJ to Local Currency

FiatPriceOperation
1 INJ to TRY$ 30.19
1 INJ to RUB$ 30.19
1 INJ to EUR$ 30.19
1 INJ to AED$ 30.19
1 INJ to AUD$ 30.19
1 INJ to BRL$ 30.19
1 INJ to VND$ 30.19
1 INJ to IDR$ 30.19
Last updated 2024/12/12 05:11 (UTC)

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