InjectiveINJ
- Market cap#74$769.72M
- 24h volume#42$93.12M
- All-time high$52.62
- YTD return+ 79.25%+ 79.25%
- Circulating supply
- 100M
- Total supply
- 100M
- Max supply
- ⸺
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INJ to USD converter
About Injective (INJ)
Injective is a layer-1 blockchain that is built for finance, and INJ is its native token. The chain is built with the Cosmos SDK, and it is designed for applications such as exchanges, derivatives platforms and prediction markets. The project was founded in 2018 by Eric Chen and Albert Chon, and it was incubated by Binance Labs. The Injective mainnet launched in November 2021.
How Injective works
Injective is a proof-of-stake network, in which validators and delegators stake INJ to produce and finalize blocks. A distinctive feature of the chain is its built-in order book, a module that is part of the protocol itself, so that decentralized exchanges built on Injective can use it instead of creating their own. The chain supports smart contracts written for CosmWasm, and it also has a native EVM, which allows contracts written for Ethereum to run directly on Injective. INJ is used to pay transaction fees, to stake and to vote on governance proposals.
INJ supply and burn mechanism
INJ launched with a supply of 100 million tokens, and according to the project, the whole supply has been released, with no further unlocks. The network removes INJ from circulation through burns: revenue collected on Injective is used to buy INJ, which is then permanently burned. This was first done through regular burn auctions, which the project later replaced with a Community BuyBack program. Current circulating and total supply figures are shown at the top of this page.
Injective price history
INJ reached its all-time high of more than $52 in March 2024. You can see the all-time high and the full price history on the chart above.
Injective price on Cointelegraph
Follow the live Injective price on this page. Cointelegraph's INJ price index shows the INJ to USD rate, 24-hour change, market cap, trading volume, all-time high and year-to-date return, plus the circulating supply. Use the interactive Injective price chart to compare timeframes from six hours to all time, and the INJ to USD converter to check any amount in seconds. For daily updates, see our blockchain news page.
Disclosure: Cointelegraph operates a validator on Injective through its Decentralization Guardians program.