What is Injective (INJ)?
RANK #87A finance-focused layer-1 built for fast, on-chain trading and derivatives.
Injective market stats
Injective at a glance
- Ticker
- INJ
- Launched
- 2021
- Category
- DeFi · finance L1
- Consensus
- Proof of Stake (Cosmos-based)
- Use
- Fees, staking, governance, burns
- Focus
- On-chain finance & derivatives
Categories: Smart Contract Platform · Decentralized Finance (DeFi) · BNB Chain Ecosystem · Cosmos Ecosystem · Solana Ecosystem · Layer 1 (L1)
How Injective works
Injective (INJ) is a layer-1 blockchain purpose-built for finance, offering infrastructure for fast, low-cost trading, derivatives and other financial applications. It is built using the Cosmos SDK and is interoperable with other chains.
INJ is used for transaction fees, staking, governance and a recurring burn mechanism that ties token supply to network activity.
Injective is a proof-of-stake chain optimised for financial applications, with built-in modules for things like an on-chain order book. Validators stake INJ to secure the network, and it connects to other ecosystems via cross-chain bridges.
A portion of fees from applications is used to buy back and burn INJ, linking supply to usage.
What moves the INJ price?
- Trading and DeFi activity on Injective.
- The token burn tied to network usage.
- Ecosystem growth and integrations.
- The broader market cycle.
What INJ is used for
- Paying network fees and securing the chain via staking.
- Governance over protocol decisions.
- Collateral and utility across Injective DeFi apps.
Injective FAQ
What is Injective?
+
Injective is a layer-1 blockchain built specifically for finance — trading, derivatives and DeFi — with fast, low-cost transactions and cross-chain interoperability. INJ is its native token.
What is the INJ burn?
+
A share of fees from Injective applications is used to buy back and burn INJ, reducing supply as network activity grows.
What is INJ used for?
+
INJ pays fees, is staked to secure the network, is used in governance, and is burned via the protocol’s buy-back mechanism.
How do I buy Injective (INJ)?
+
INJ is available on most major exchanges and compatible wallets. See our ratings for vetted options.
This page is information, not financial advice. Prices come from CoinGecko; the text is written and checked by our desk. See our editorial policy.
