$5.39−1.05% 24hThe Injective price in context
The INJ price in USD in the top bar runs live from the Binance exchange; the chart and market statistics (cap, volume, supply) come from the CoinGecko aggregator. Chart ranges span from the last 24 hours to the full trading history — the period change is measured from the first point of the selected range.
The complete ranking lives on the crypto prices page.
About Injective
Injective is a blockchain built on the Cosmos SDK and dedicated to finance. It stands out by having an order book in the protocol itself — unlike most of DeFi, which runs on automated market makers. Leveraged and derivatives trading therefore behaves much like a centralized exchange.
The network has built-in defence against front-running: orders within a block are collected and executed in a batch at a single price, so no one can jump ahead of another order by paying a higher fee. It is one of the few networks where this problem is handled at the consensus level.
The INJ token is staked, used for voting and pays fees. Its deflationary auction is unusual: 60% of fees from network applications are auctioned weekly and the winning INJ bid is burned. The volume burned therefore depends directly on how much trading the network sees.