Injective (INJ) Price Chart and Market Data

This report details the technical architecture, deflationary tokenomics, staking mechanics, token unlock schedule, venture capital funding, and market trading availability of the Injective network.

What is the Injective Protocol (INJ)?

It’s essentially a sovereign layer-one blockchain built specifically for decentralized finance. So, instead of relying on the usual passive AMMs, Injective runs a fully decentralized, on-chain orderbook. Honestly, the speed is pretty impressive—using a custom Tendermint PoS setup, it actually hits 650-millisecond block times and handles over 25,000 transactions per second. Plus, the native MultiVM architecture is unique because it supports EVM, WASM, and SVM environments all at the same time.

How does INJ tokenomics capture value?

Mainly through a pretty aggressive deflationary setup. Here is the deal: 60% of all the trading fees generated by dApps on the chain get auctioned off weekly. Users just bid on these fee baskets using INJ, and then that winning bid is permanently burned. It’s worth noting that the recent INJ 3.0 upgrade actually doubled this deflationary burn rate by 100%. Because of this, over 6.87 million tokens have already been wiped from the 100 million maximum supply.

Can I stake my tokens on the network?

Yes, absolutely. Because the network relies on Proof-of-Stake, staking is basically what secures the entire chain. Right now, a rather massive chunk—between 56% and 85% of the total supply—is actively staked. If you delegate, you're looking at an APR of roughly 6.5% to 13%, though that fluctuates with inflation. Just keep in mind that unbonding takes exactly 21 days, so you definitely want to plan ahead before locking up your liquidity.

What is the INJ token unlock schedule?

Nope, you really don't have to worry about sudden dilution from early investors dumping on retail. The original vesting schedule officially wrapped up back in early 2024. That means the entire initial supply of 100 million INJ is completely unlocked now. When you factor in the weekly burn auctions we talked about earlier, the actual circulating supply is shrinking over time rather than inflating.

Who backed the development of Injective?

Some of the biggest venture capital firms in the space, actually. They pulled in $40 million in August 2022, a round led by Jump Crypto. Before that, they secured a $10 million round in April 2021, plus $3.6 million through Binance Launchpad in October 2020. If you look at the early days, you'll also see some familiar names involved right from the start—like YZi Labs (which is Binance Labs), Mark Cuban, and Hashed.

Why do they use Frequent Batch Auctions (FBA)?

Mostly to wipe out front-running and MEV, or Miner Extractable Value. Usually, chains execute trades strictly on a first-come, first-served basis, which obviously favors bots with the lowest latency. Injective does it differently. It collects all the orders within a 650-millisecond block, then matches them all at once using a uniform clearing price at the very end. This setup keeps things transparent and levels the playing field for everyone trading.

Where can you buy Injective Protocol and trade INJ?

You can easily find it on most of the major centralized exchanges. Right now, it’s heavily traded on platforms like Binance, Upbit, Bybit, Coinbase, and OKX. Most of the time, you'll see it paired against USDT, though there are plenty of fiat trading pairs available too if you prefer going that route.