Injective (INJ)

What is Injective?

Injective is the blockchain built for finance.

Injective is the only blockchain where developers can find robust out-of-the-box modules, such as a completely decentralized orderbook that can be utilized to build a diverse array of sophisticated applications. Moreover, Injective is an open, interoperable smart contracts platform.

Injective is built with the Cosmos SDK, enabling instant transaction finality through the Tendermint proof-of-stake consensus framework. Moreover, Injective excels in enabling swift cross-chain transactions, seamlessly bridging prominent layer one networks like Ethereum, Solana, Cosmos Hub, and more.

The Injective ecosystem is a network of decentralized applications that focus on providing the best in class user experience. By providing the unrestricted and unprecedented ability to access decentralized financial markets, products, services, and toolings, the Injective ecosystem empowers individuals with the ability to more efficiently allocate capital.

How Does Injective Work?

Injective Protocol is made up of several components that support the functionality and development of its decentralized exchange.

Injective Chain

The Injective Chain is a decentralized exchange (DEX) protocol built on Cosmos that also allows for the transferring and trading of Ethereum tokens. This chain aims to address the scaling and throughput limitations many Layer 1 blockchains experience, while still allowing developers to use the Ethereum development kits they are familiar with.

Traders can access several modules within the Injective Chain DEX:

• Auction – allows token holders to bid on baskets of tokens that have been accumulated from exchange trading fees. The INJ tokens paid by the highest bidder are burned, or eliminated from circulation, by the protocol.
• Exchange – helps traders create and trade new spot and derivatives markets. Order book management, trade execution, order matching and settlement are programmatically managed on chain.
• Insurance – supports underwriters who back the derivatives markets hosted on the exchange.
• Oracle – obtains real-world price data (such as traditional stock market data) used to set asset prices on the INJ exchange.
• Peggy – bridges Injective Protocol to the Ethereum blockchain, allowing ERC-20 token holders to convert their tokens to Cosmos-native coins.

Who Created Injective?

Injective was founded by Eric Chen and Albert Chin. Chen earned a degree in Finance from New York University’s Stern School before working as a Venture Partner at Innovating Capital, an early Injective Protocol investor.

Chin previously worked as a Software Development Engineer at Amazon after earning a masters degree in Computer Science from Stanford University.

Injective has raised tens of millions of dollars in capital from notable investors including Pantera Capital and Mark Cuban.