
Convert and Swap Injective INJ to British Pound GBP
INJ/GBP: 1 Injective equals £6.03 GBP
Last update: 4:49 AM, April 15, 2025
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Injective market latest
Injective is climbing this week.
The current price of Injective is £6.03 per INJ. With a circulating supply of 99,970,935.41 INJ, it means that Injective has a total market cap of £603,358,066.69. The amount of Injective traded has risen by £3,554,948.46 in the last 24 hours, which is a 7.25% increase. Additionally, in the last day, £49,003,678.30 worth of INJ has been traded.
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About Injective
Injective is an open, interoperable blockchain optimized for DeFi applications. Injective is smart contracts-enabled and utilizes a Tendermint PoS consensus mechanism. INJ is the native token that enables community members to participate in governance, validation, burn auctions and more.
Injective (INJ) is a layer-one blockchain designed to power next-generation decentralized finance (DeFi) applications. It aims to provide a robust financial infrastructure, including a fully decentralized on-chain orderbook and compatibility with various blockchains such as Ethereum and Solana. Built with the Cosmos SDK, Injective utilizes a Tendermint-based Proof-of-Stake consensus mechanism, offering instant transaction finality and high performance. The Injective ecosystem comprises over 100 projects and a global community of over 150,000 members. The INJ token, the native utility token of Injective, is used for protocol governance, dApp value capture, Proof-of-Stake security, developer incentives, and staking.
Injective operates on a Tendermint-based Proof-of-Stake (PoS) consensus mechanism, which provides instant transaction finality and the ability to sustain high performance. It offers a highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective's core exchange module includes an advanced on-chain order book and matching engine for various financial markets, resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and zero gas fees for users. The INJ token is used to secure the Injective blockchain using a proof-of-stake mechanism, with validators and delegators both participating in staking.
Injective aims to provide a platform for a wide range of DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, and lending protocols. The INJ token is used across a diverse range of functions such as protocol governance, dApp value capture, Proof-of-Stake (PoS) security, developer incentives, and staking. Developers can leverage Injective's robust infrastructure and financial primitives to build DeFi applications. Additionally, Injective's smart contract platform allows for multi-chain smart contract transactions to occur seamlessly, enabling developers to create novel use cases that would not be possible on other chains.