Injective Protocol (INJ) Price
$5.1127 2.92%
Latest Updates
Updated at 02:00Market cap
$511,122,581.86
Volume 24H
$96,512,970.39
Price change 24h
-$0.14915 2.92%
Price change 7d
-$0.35809 7.00%
What about Injective?
INJ is a decentralized exchange (DEX) that provides cross-chain margin trading, derivatives, and forex futures trading. As a layer 2 application developed on the Cosmos blockchain, the protocol makes use of cross-chain bridges to give traders access to cryptocurrencies on networks like Polkadot and Ethereum. When managing liquidity, Injective Protocol does not employ an automated market maker (AMM) formula. Instead, it uses the order book model, which has been popular among centralized stock and cryptocurrency exchanges for years. In this way, Injective seeks to combine the efficiency of traditional finance with the transparency of decentralized exchanges.
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Trending
24h top price changes+$0.1716 60.51%
+$0.00355 34.39%
+$0.00123 28.59%
+$0.01137 23.28%
+$0.00315 22.32%
+$0.00346 15.91%
+$0.00572 14.79%
+$0.01679 13.17%
+$0.03827 12.73%
+$0.0562 12.64%
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