Injective Inj Price USD

Injective is a layer-one blockchain that is open and can work with other blockchains. It can be used to build powerful DeFi apps. Injective is the only company that offers plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralised exchange infrastructure, decentralised bridges, oracles, and a layer of smart contracts that can be put together with CosmWasm.

Injective's core exchange module has state-of-the-art features, such as an advanced on-chain order book and matching engine for spot, perpetual, futures, and options markets, resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and no gas fees for users. Injective was built with the Cosmos SDK and uses a Proof-of-Stake consensus mechanism based on Tendermint. This allows transactions to be completed instantly and speeds of 10,000 TPS or more.

Injective uses IBC right out of the box and works well with many different layer 1s, such as Polygon and Solana (through an upcoming Wormhole integration). It was also made to work with Ethereum in a unique way by having its own decentralised ERC-20 token bridge. This makes Injective the first network in the Cosmos ecosystem to support Ethereum assets from the start.

INJ is the native utility token that runs Injective and its ecosystem, which is growing quickly.

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