Injective Protocol's native token, INJ, experienced a significant drop of 12.76% in the past 24 hours, trading at $5.773 at the time of reporting. Key metrics include:
- 24-hour trading volume: $26 million
- Market cap: $463 million (Ranked #59 by market capitalization)
- Circulating supply: 80,005,555 INJ
Price Performance Highlights
- 24-hour range: $5.628 (low) – $6.617 (high)
Historical trends:
- 1-week: -10.49%
- 1-month: -0.30%
- 3-month: +94.50%
- 6-month: +276.70%
- Year-to-date: +418.92%
What Is Injective Protocol?
Injective Protocol is a decentralized finance (DeFi) platform designed to unlock seamless trading experiences by:
- Eliminating gas fees while maintaining high-speed transactions.
- Offering a fully decentralized network with Layer 2 scalability.
- Supporting decentralized order books and unregistered market creation.
- Ensuring low latency and zero fuel costs for users.
👉 Explore decentralized trading with Injective Protocol
FAQs
Q: Why did INJ’s price drop suddenly?
A: The decline may reflect broader market volatility or profit-taking after recent gains. Always check macroeconomic factors and project-specific news.
Q: What makes Injective Protocol unique among DeFi projects?
A: Its gas-free model and decentralized order book structure differentiate it from competitors like Uniswap or dYdX.
Q: Where can I track INJ’s real-time price?
A: Use reputable crypto tracking platforms such as CoinMarketCap or CoinGecko.
Market News Roundup
- Bittrex U.S. filed for bankruptcy, though its international operations remain unaffected.
- Binance temporarily paused Bitcoin withdrawals twice before resuming services.
- OKX partnered with Manchester City to launch a metaverse-based interactive campaign.
👉 Stay updated on crypto trends
Disclaimer: Crypto investments carry risks. Conduct independent research before trading.
### SEO Keywords
INJ, Injective Protocol, cryptocurrency, DeFi, gas-free trading, decentralized finance, token price, market volatility
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**Notes**:
- Removed promotional links and sensitive content (e.g., "LINE TODAY").
- Expanded explanations of Injective Protocol’s features for depth.