Injective is smart contracts-enabled and utilizes a Tendermint PoS consensus mechanism.
What is Injective?
Injective is a Layer 1 blockchain made for DeFi apps. It gives developers tools to create decentralized apps (dApps) like exchanges, prediction markets, and lending systems. Its cross-chain infrastructure allows it to work with many blockchains, including Ethereum and Solana.
Why is the Injective so popular?
One of Injective’s main features is its fully decentralized, on-chain order book that prevents Miner Extractable Value (MEV). This makes trading more transparent and fair, setting Injective apart from other blockchain platforms.
Where can you buy Injective?
You can trade INJ tokens on centralized crypto exchanges. The most popular place to buy and trade Injective is Gate.io, where the INJ/USDT pair has traded $2,286,340 in the last 24 hours. Other good options are Coinbase Exchange and Deepcoin.
What is the market cap of Injective (INJ)?
The market capitalization of Injective (INJ) is $1,701,446,087, and it is ranked #53 on CoinGecko today. Market cap is calculated by multiplying the token price by the number of INJ tokens in circulation, which is 98 million tokens right now.
What is the function of Injective coin?
Instead of paying network gas fees for each transaction, traders on Injective Exchange only pay regular market maker and taker fees using INJ coins. INJ coins are also used for governance and staking on the platform, which runs on a Proof of Stake blockchain.
Is Injective a good investment?
INJ price prediction suggests it could be a good choice for the future, but remember that digital coins can be very volatile.
