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Injective (INJ) price today

Injective is a blockchain built for financial applications, with an order book embedded in the network itself; INJ pays fees, is staked and is burned weekly.

Written and reviewed by the Cripto View editorial team

Injective price now

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Market data source: CoinGecko, with a reference USD/BRL rate. Values can lag by a few minutes.

What is Injective?

Injective was founded in 2018 by Eric Chen and Albert Chon and incubated by Binance's investment arm. The token launched in 2020 and the main network the following year.

The network was built with Cosmos ecosystem tools and specialized in derivatives, spot markets and tokenized assets.

How Injective works

Unlike general-purpose networks, Injective offers ready-made financial modules, such as an order book shared by all applications. It connects to other blockchains and now also runs Ethereum-compatible contracts.

Part of the fees generated by applications is pooled every week and put up for auction: participants bid in INJ, and the winning bid's tokens are burned.

What INJ is used for

  • Paying fees on the network.
  • Staking by delegating to validators.
  • Governance and taking part in burn auctions.

Risks and points of attention

  • Real usage volume lower than competitors in decentralized derivatives.
  • Growing competition from platforms specialized in perpetual contracts.
  • Derivatives carry regulatory and leverage risk for application users.
  • High volatility.

Key facts

SymbolINJ
Asset typeCryptocurrency
Launch2020
NetworkOwn blockchain (Injective)
Consensus mechanismProof of Stake

Reference data checked on October 3, 2026 against CoinGecko and the project's official pages.

Frequently asked questions about Injective

What is Injective's burn auction?

It is a weekly mechanism in which part of application fees is auctioned, and the INJ paid by the winner is destroyed, reducing supply.

Is Injective compatible with Ethereum?

Yes. Besides Cosmos ecosystem contracts, the network now runs Ethereum-compatible contracts.

What is INJ used for?

Paying fees, staking with validators, voting in governance and bidding in burn auctions.

Where does the Injective price on this page come from?

The panel shows the INJ price in US dollars and Brazilian reais, with change, volume and market capitalization. Data comes from CoinGecko, uses a reference exchange rate and can lag by a few minutes.