Market Overview
Injective Protocol (INJ) experienced a significant 24-hour drop of 8.41%, trading at $12.96 at press time. Key metrics:
- 24-hour trading volume: $38 million
- Market cap: $1.296 billion (Ranked #37)
- Circulating supply: 99,970,935 INJ
Price Performance
- 1-week: +8.06%
- 1-month: +44.71%
- 3-month: +4.73%
- 6-month: -55.25%
- YTD: -32.12%
What Is Injective Protocol (INJ)?
Injective Protocol is a decentralized exchange (DEX) infrastructure layer designed to unlock DeFi potential by:
- Eliminating gas fees with a fee-less transaction model.
- Offering Layer 2 speed with decentralized order books.
- Enabling uncensored market creation for cross-chain assets.
👉 Explore how Injective compares to leading DeFi platforms
Why Is INJ Dropping?
Potential factors behind the decline:
- Broader market correction: Correlated with dips in major cryptocurrencies.
- Profit-taking after a 44.71% monthly gain.
- Low liquidity periods magnifying volatility.
FAQ: INJ Token
1. Is INJ a good long-term investment?
While INJ’s technology addresses DeFi pain points, its price depends on adoption. Monitor ecosystem growth and developer activity.
2. How does Injective Protocol differ from Uniswap?
Unlike Uniswap’s AMM model, Injective uses order books and supports cross-chain trading without gas fees.
3. Where can I buy INJ tokens?
Major exchanges like OKX and Binance list INJ.
👉 Get started with INJ trading today
Key Takeaways
- INJ’s 8.41% drop reflects short-term volatility despite strong monthly gains.
- The protocol’s zero-gas model and cross-chain capabilities position it uniquely in DeFi.
- Investors should watch market sentiment and ecosystem updates for future trends.
Data accurate as of May 31, 2025. Always conduct independent research before trading.
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