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Injective

Leading Innovation_

Injective (INJ) is a blockchain built for finance. It is an open, interoperable layer-one blockchain powering next-generation DeFi applications, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more. Injective uniquely provides powerful core financial infrastructure primitives that applications can leverage, including a fully decentralized MEV-resistant on-chain orderbook. In addition, all forms of financial markets such as spot, perpetual, futures and options are fully on-chain. The decentralized cross-chain bridging infrastructure is compatible with Ethereum, IBC-enabled blockchains, and non EVM chains such as Solana.

INJ Token and Tokenomics

The heart and soul of Injective is INJ – it’s the fuel that keeps the DeFi engine humming. The initial supply of INJ is 100 million and will increase over time for the Injective validators at a rate of 7%. This increase, however, is counteracted by deflation from Injective’s weekly INJ auction burn which is a first for the entire industry. Effectively, protocol revenue across Injective dApps are collected into a basket which can be bid on using INJ. The winning bid in INJ is then burned permanently. With the launch of INJ 2.0 in April 2023, any dApp can continue into the burn auction, accelerating the deflationary properties of INJ itself. As the utility token of Injective, INJ serves a number of extra purposes that are vital to the ecosystem’s operation, including:

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