The Injective Protocol (INJ) is a layer-2 decentralized derivatives exchange protocol that is totally decentralized. Injective offers permissionless trading on any derivative market, letting users build and trade on any derivative market they want. The Cosmos-SDK, which hosts Injective’s decentralized exchange system, is used to implement the underlying protocol on top of Tendermint.

Highlights & Key Features:

• Community Owned
• Scalable
• Fully Decentralized
• Permissionless
• Censorship
• Resistant

The infrastructure of Injective Protocol (INJ) is made up of three main parts:

• Chain of Injection
• Exchange Service for Injectables
• Ethereum Injectable Bridge

The Injective Chain tracks the resource utilization of actions throughout execution using the idea of gas. The Cosmos SDK (on which the Injective Protocol is based) represents operations as read or written to the chain’s store.

Injective Exchange

Injective (INJ), unlike traditional exchanges that act as gatekeepers to the crypto industry, turns an exchange into a decentralized public utility. What sets Injective apart is that we open up every aspect of a decentralized exchange to the general public. Everything is open and free, from the front-end exchange interface to the back-end infrastructure to order book liquidity. This disrupts the traditional exchange business model by removing the technical barrier to entry for individuals to run a highly performing exchange for free.

Under the Injective model (INJ), by sourcing liquidity, relayers are rewarded. As a result of this, exchange providers are motivated to better service users as they compete with one another to deliver better user experiences. Users from all over the world can now access a decentralized market.

To increase the security of the side chain and to make sure nodes are interested in staking, they have increased their numbers of tokens.

INJ -Tokenomics

INJ’s initial quantity is expected to be set at 100,000,000 tokens, with block incentives increasing the supply over time.

The goal INJ inflation rate will start off at 7% and gradually decline to 2% over time. Because of the deflationary mechanism described in the Exchange Fee Value Accrual section, the overall quantity of INJ may be lower over time than the starting supply.

Price Movement – Injective (INJ)

At the time of writing, INJ is being traded at the price of almost $7.07. The price has increased by almost 2.80% in the past 24 hours. On coinmarketcap, the project is listed on the 168th spot