What is Injective?
Injective is a versatile cryptocurrency with a wide range of applications, serving as an essential part of the first modular blockchain network. It is a cutting-edge blockchain platform within the Cosmos ecosystem, built specifically for decentralized finance (DeFi). Injective is also a decentralized exchange (DEX) that offers cross-chain margin trading, derivatives, and forex futures trading.
Injective goals
The purpose of Injective is to enable developers to build on it, providing data availability by submitting PayForBlobs transactions on the network for a fee, denominated in INJ. The platform aims to solve the problem of limited interoperability and high fees in the DeFi space. The potential use cases and applications of the technology include decentralized cross-chain derivatives trading, secure transfer of crypto assets and Web3 data, spot and derivatives trading, protocol governance, exchange fee value capture, derivatives collateralization, liquidity mining, and staking.
Marketcap
$2.303B
Total number of Injective
100000000 INJ
Injective technology
Injective's technology is based on the Cosmos blockchain, and it uses cross-chain bridges to allow traders to access cryptocurrencies from platforms such as Ethereum and Binance Smart Chain. The platform is built as a Layer 2 application, providing faster and more innovative applications.
Injective competitors
Injective differentiates itself from competitors through its unique features, such as auto-executing smart contracts, high-performance financial infrastructure primitives, and zero gas fees. Its competitive advantages include its ability to support interoperable DeFi applications and provide access to cross-chain yield opportunities. Injective compares favorably to competitors in the market due to its innovative technology and wide range of applications.
Injective price history
Frequently asked questions
Injective is used for various purposes, including protocol governance, exchange fee value capture, derivatives collateralization, liquidity mining, and staking.
The Injective platform is a decentralized exchange (DEX) that offers cross-chain margin trading, derivatives, and forex futures trading.
The Injective token (INJ) is a cryptocurrency that serves as an essential part of the first modular blockchain network.
The Injective blockchain is built on the Cosmos ecosystem, providing a cutting-edge platform for decentralized finance (DeFi) applications.
The potential use cases of Injective include decentralized cross-chain derivatives trading, secure transfer of crypto assets and Web3 data, spot and derivatives trading, and more.
Injective differentiates itself from competitors through its unique features, such as auto-executing smart contracts, high-performance financial infrastructure primitives, and zero gas fees.
The market capitalization of Injective is $2302564985.
The total supply of Injective tokens is 100000000 INJ.
Injective's technology is based on the Cosmos blockchain, and it uses cross-chain bridges to allow traders to access cryptocurrencies from platforms such as Ethereum and Binance Smart Chain.
The competitive advantages of Injective include its ability to support interoperable DeFi applications and provide access to cross-chain yield opportunities.
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