What is Injective?

Injective (INJ) is a decentralized, open-source blockchain platform designed for fast, secure, and fully decentralized finance (DeFi) applications. Launched in 2020, Injective Protocol provides advanced capabilities such as cross-chain trading, decentralized derivatives, and high-speed transactions, all while maintaining decentralization and security.

Key features of Injective:

• Fully Decentralized Exchange (DEX)
  Injective offers a permissionless and highly efficient decentralized exchange that allows users to trade assets without intermediaries. It supports derivatives, futures, perpetual swaps, and spot trading, making it one of the most advanced DeFi platforms.
  
  
• Cross-Chain Compatibility
  Injective is built to enable seamless interoperability between multiple blockchain networks. By integrating with Ethereum, Cosmos, and other ecosystems, Injective facilitates fast and low-cost transactions across different chains.
  
  
• INJ Token
  INJ is the native cryptocurrency of the Injective ecosystem. It is used for governance, staking, liquidity incentives, and transaction fees. Holders of INJ can participate in decision-making for protocol upgrades and network improvements.
  
  
• Scalability and Speed
  Injective utilizes a Layer 1 blockchain based on Tendermint Proof of Stake (PoS) consensus, ensuring high transaction throughput, low fees, and near-instant finality. This architecture allows traders and DeFi users to operate efficiently without bottlenecks.

The difference between Injective and Ethereum
While Ethereum serves as a general-purpose blockchain for smart contracts and decentralized applications (dApps), Injective is specifically designed for decentralized finance (DeFi) and trading applications. Injective's Layer 1 blockchain and interoperability features provide faster transaction speeds and lower costs compared to Ethereum’s often congested network.