Injective (INJ) is a decentralized exchange protocol built on Ethereum. Cosmos SDK blockchain that enables users to trade a wide range of assets, including derivatives, futures, and synthetic assets.
The number of unique wallets has also increased since the start of 2023, from 14,000 active wallets to currently 28,000, with an average of approximately 100 new wallets created per day.
Price action:
-
Experienced significant price growth since January 1st, with the price surging from $1.3 to $10 on April 17th, representing an 8x increase. At the time of writing, the price of INJ stands at $7.14, experiencing a minor 1.3% uptrend within the day. Over the course of the past two weeks, INJ has demonstrated a commendable increase of 20%.
-
It has a good TVL of $20M+ and positive market sentiment.
-
Currently, the all-time high (ATH) price stands at $33, suggesting potential for further growth during the next bull market. Show Less
