Since November 2024, @injective has displayed growth across its ecosystem, with daily active users rising from 9.3K to 40.6K, network transactions surging from 536.1K to 936.9K and dApp volume growing from $1.6B to $14B
So what could be contributing to this growth?
Applications like @HelixApp_, @hydro_fi and @neptune_finance led the way for enhanced liquidity through automated market makers (AMMs), for advanced trading strategies.
In relation, the network also leveraged gas-free transactions, enabled by fee delegation, to lower the barrier of entry for retail users and institutions.
Recent developments in the last six months also played a contributing factor in the growth of Injective’s dApp activity.
The iAssets framework, as well as the TradFi Index, brought traditional equities for trading onchain. This opened the doors for new use cases in how users were able to interact with the financial world.
The Libre integration also brought in tokenized funds from BlackRock and Nomura’s Laser Carry Fund, enabling secondary trading and collateralized lending.
AI tools and RWAs contributed to Injective’s dApp growth by enhancing functionality and attracting diverse users.
The TradFi Stock Index and BlackRock BUIDL Fund Index offered onchain exposure for users to traditional equities, expanding dApp appeal.
Collectively, these development looked to position Injective as a leader in the $42.3B RWA market and drive user adoption.
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Thanos
Some bags in which Thanos and the @CryptoWizardd family believe:
$NPC · $WOO · $BOB · $PAAL · $DOGE · $TAO · $INJ · $TATSU · $LNQ · $FET · $ZIG · $SPECT · $ANYONE · $ROUTE · $VANRY · $APU · $CREO · $ARC · $KATA
Dump’s done, and we’re already up 3-5X on most of these gems. Keep coping now losers.
Waiting for y'all in my dms 😂
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Timi Ajiboye
INJECT IT IN MY VEINS
OpenAI
OpenAI o3-pro today.
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Panzuki.eth⚡️
Which coin is here right now?
$INJ $AKT
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Our Crypto Talk
Top Layer 1 Altcoins by X Followers
(A quick look at who’s ahead 👇)
$SOL – 3.4M
$TON – 2.4M
$NEAR – 1.8M
$TRX – 1.7M
$ADA – 1.4M
$SUI – 1M
$BERA – 977K
$S – 859K
$SEI – 792K
$APT – 645K
$INJ – 568K
$HBAR – 441K
$HYPE – 269K
$KAS – 249K
$ALGO – 202K
Which L1 has the most loyal community in your eyes?
Let’s settle this in the replies.
👇
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Injective price performance in USD
The current price of Injective is $13.7330. Over the last 24 hours, Injective has increased by +0.73%. It currently has a circulating supply of 97,727,220 INJ and a maximum supply of 100,000,000 INJ, giving it a fully diluted market cap of $1.34B. At present, Injective holds the 43 position in market cap rankings. The Injective/USD price is updated in real-time.
The rating provided is an aggregated rating collected by OKX from the sources provided and is for informational purpose only. OKX does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not guarantee any return, repayment of principal or interest. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates ("OKX") are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.
Injective is a blockchain built for finance, providing an open, interoperable layer-one blockchain that powers next-generation DeFi applications, including decentralized spot and derivatives exchanges, AMMs, lending protocols, asset management protocols, and more. Founded in 2018 by Eric Chen and Albert Chon, Injective Labs is a research and development company that serves as one of the contributors to Injective. The mission of Injective is to create a truly free and inclusive financial system through decentralization, and to be the best blockchain built for finance. Injective is the only blockchain where developers can find robust out-of-the-box modules such as a completely decentralized order book that can be utilized to build a diverse array of sophisticated applications.
How does Injective work
Injective uniquely provides developers with powerful plug-and-play modules for creating unmatched dApps. These modules include a decentralized order book and derivatives trading module, options module, oracle module, and more to make it easy for any developer to quickly launch DeFi applications. Injective is built using the Cosmos SDK and is able to attain instant transaction finality using the Tendermint proof-of-stake consensus framework. In addition, Injective can facilitate fast cross-chain transactions across the largest layer one networks such as Ethereum, Solana, Polkadot and IBC-enabled blockchains.
Injective price and tokenomics
The native utility and governance token of Injective is INJ, which is used to secure the Injective L1 blockchain using a proof-of-stake (PoS) mechanism and powers Injective and its rapidly growing ecosystem. The INJ token has a maximum supply of 100 million tokens. The other key details of Injective’s tokenomics are:
Developer Incentives: 40% of fees generated by users on dApps built on Injective go towards incentivizing new developers building on Injective.
Protocol Fee Value Accrual: 60% and even more of all fees generated from dApps enter an on-chain buy-back-and-burn events.
Tendermint-based Proof-of-Stake (PoS) Security: INJ is used to secure Injective blockchain using a PoS mechanim. Validators and delegators can both participate in staking.
Governance: The INJ token governs every single component of Injective, with all proposal passing through a DAO governance vote.
About the founder
Injective Labs was co-founded by Eric Chen and Albert Chon in 2018. Eric Chen is the CEO of Injective Labs. His passion for crypto and blockchain started with mining Ethereum and participating in cryptographic research in college while studying finance and computer science. After working at a major crypto hedge fund, he decided to drop out of college and founded Injective Labs together with Albert Chon (CTO).
Injective highlights
Injective has achieved several significant milestones since its inception. In August 2022, Injective raised US$40 million to help expand financial applications on its L1 blockchain. In January 2023, Injective launched $150 million Injective Venture Group to support promising decentralized applications (dApps) built on Injective. In November 2023, Injective celebrated its second year of mainnet and reached over 314 million transactions, saw more than 44 million INJ tokens staked and 5.7 million INJ tokens burned through the weekly burn auctions.
Frequently Asked Questions about Injective (INJ)
What is Injective (INJ)?
Injective is a blockchain built for finance, providing an open, interoperable layer-one blockchain that powers next-generation DeFi applications.
What are the key features of Injective's blockchain technology?
Key features include premier plug-and-play Web3 modules, dynamic smart contracts, unprecedented interoperability, and highly secured Tendermint Consensus Mechanism.
What is the INJ token used for?
The INJ token is used to secure the Injective L1 blockchain using a proof-of-stake (PoS) mechanism. It's also used for governance, protocol fee value capture, developer incentives, and Tendermin-based PoS security.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3.2K new posts about Injective, driven by 1.1K contributors, and total online engagement reached 305K social interactions. The sentiment score for Injective currently stands at 89%. Compared to all cryptocurrencies, post volume for Injective currently ranks at 2052. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Injective.
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Posts
3,166
Contributors
1,106
Interactions
304,729
Sentiment
89%
Volume rank
#2052
X
Posts
2,986
Interactions
299,182
Sentiment
89%
Injective FAQ
How much is 1 Injective worth today?
Currently, one Injective is worth $13.7330. For answers and insight into Injective's price action, you're in the right place. Explore the latest Injective charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Injective, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Injective have been created as well.
Watch this video to learn about what happens when you move your money to a crypto exchange.
Disclaimer
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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