Injective is an open, interoperable Layer-1 blockchain optimized for building decentralized finance (DeFi) applications. It provides developers with plug-and-play modules, including a decentralized on-chain order book, enabling the creation of diverse financial applications such as spot and derivatives exchanges, prediction markets, and lending protocols.
Built with the Cosmos SDK, Injective utilizes a Tendermint-based Proof-of-Stake consensus mechanism, achieving instant transaction finality and supporting high throughput. Its interoperability extends to Ethereum and other IBC-enabled blockchains, facilitating seamless cross-chain transactions.
The native utility token, INJ, plays a crucial role within the ecosystem, serving purposes such as protocol governance, staking for network security, and participation in a unique burn auction mechanism that reduces token supply over time.
Injective aims to democratize access to financial markets by eliminating barriers to entry, enabling anyone to participate in the global financial ecosystem.