Injective Protocol (INJ) is a Layer-1 blockchain focused on DeFi applications. It enables the development of applications such as exchanges and prediction markets by providing out-of-the-box functional features such as fully decentralized order books. As the native token on the Injective network, INJ plays a key role in governance, liquidity mining, and enhancing blockchain security.

Recently, Upbit, the largest exchange in South Korea, announced the launch of Injective (INJ), supporting Korean Won (KRW) and USDT trading pairs. This move not only enhances Scallop's position as an important DeFi protocol on the Sui network, but the strategic investment of the Sui Foundation is expected to accelerate the launch of new features for Scallop and improve the overall DeFi experience of users.

As of the latest data, the price of INJ is $21.37, up 2.10% in the past 24 hours. In the past year, INJ has outperformed 68% of the top 100 crypto assets such as Bitcoin and Ethereum, up 170%. Notably, it is trading 93.96% above its 200-day simple moving average (SMA) of $11.02, a positive indicator that suggests a long-term bullish trend.

While INJ has shown sustained growth momentum, recording 16 up days in the past 30 days, equivalent to 53%, its price volatility is also 6.36%, indicating that even in the overall bullish trend, volatility may occur in the short term. In addition, the value of the INJ token has increased by 5.19% in the past week and 16.73% in the past month, maintaining a slight increase even in the long term, with an increase of 0.31% in the past six months.

Injective Protocol's innovative design and progress in the ecosystem, such as the Illuminate hackathon in collaboration with Google Cloud, the trading bot launched by Helix, and unlisted token futures, all show its commitment to innovation in the DeFi field and potential advancements in user accessibility and functionality.