Injective is a high-performance Layer 1 blockchain, specially designed and optimized for Decentralized Finance (DeFi) applications and trading. The core goal of Injective is to become the leading platform for a comprehensive and highly interoperable decentralized financial ecosystem.
Injective is built on the Cosmos SDK toolkit and uses the Proof-of-Stake (PoS) consensus mechanism, allowing for fast transaction speeds and low costs. The standout feature of Injective is its ability to provide fully decentralized (on-chain) advanced trading features for both spot and derivatives trading.
Core features
Decentralized Orderbook: Injective provides a fully on-chain limit orderbook, ensuring that order matching, transaction execution, and settlement occur transparently, against external interference.
Supports a variety of financial products: This platform supports trading complex products such as Perpetual Futures, Futures, and various types of synthetic assets.
Interoperability: Injective is built to have strong cross-chain interoperability, especially with Ethereum and blockchains in the Cosmos ecosystem (through the IBC protocol), allowing users to trade assets from various networks seamlessly. Recently, Injective also launched native EVM to attract developers and applications from Ethereum.
Token INJ
INJ is the native utility token of the Injective blockchain, playing a crucial role in the ecosystem:
Governance: INJ holders have the right to vote on the development direction of the protocol.
Security (Staking): Used for staking to secure the PoS network.
Token burn mechanism (Burn Auction): Injective implements a unique mechanism, where 60% of dApp fees are used to buy back and burn INJ weekly, creating supply reduction pressure, thereby boosting the token's value.
In summary, Injective is a specialized Layer 1 blockchain that provides a robust infrastructure framework, high speed, and low costs for building next-generation DeFi applications, especially decentralized exchanges and complex financial platforms.
