Injective price INJ

What is Injective?

Injective is a layer-1 blockchain built specifically for finance. Instead of being a general-purpose chain, it offers ready-made building blocks for trading, including a fully on-chain order book, and connects to Ethereum, Solana and the Cosmos ecosystem so assets can move between them. Its token, INJ, is used for staking, governance and fees, and is unusually deflationary.

Founded in 2018 and built with the Cosmos SDK, Injective is best known for its weekly burn auction: a large share of the fees generated across its apps is gathered up and used to buy back and burn INJ, shrinking the supply over time.

Following the live Injective price

On this page you will find the live Injective price in both US dollars and euros, with the context you need to read the market. The chart opens on the last 7 days by default, and you can switch to 24 hours, 7 days, 1 month, 3 months, 6 months or a full year. Pick a period with the buttons and the chart updates on the spot.

It is a quick way to set short-term swings against the longer trend before you decide anything.

Market data at a glance

Beside the live rate, the page brings together:

• The intraday high and low.
• Market capitalisation in dollars (B for billion, M for million).
• Combined trading volume across the major exchanges.
• The amount of INJ in circulation.
• The all-time high, the date it was set and how far below it the price sits now.
• Where you can buy INJ.
• Links to the official website, whitepaper and social channels.

Convert INJ and see the real cost

The calculator turns any amount of INJ into dollars or euros instantly, and it works in reverse too. Alongside it sits an exchange fee calculator, so you can see what a trade really costs after fees and roughly how much INJ you would end up with, not just the headline rate.

Historical Injective data

Under historical data you can look back at past prices on any date, shown in dollars as the market standard, with the matching trading volume and market cap.

Injective’s price story

• 2020 to 2021: INJ launches via Binance and trades from around a dollar up toward 5 dollars in its first year.
• December 2021: the weekly burn auction goes live, starting INJ’s deflationary mechanism.
• March 2024: a strong run carries INJ to its all-time high around 52 dollars.
• since: a pullback well off that peak, even as the project adds real-world assets and regulated INJ futures.

Injective’s pitch is that real usage of its apps feeds directly back into burning its token.

What moves the Injective price?

The value of INJ reflects supply and demand, with on-chain activity and the burn auction both playing a part. The main drivers:

Why the value climbs

• Growth in trading and apps, which sends more fees to the burn.
• The deflationary weekly burn auction reducing supply.
• Real-world assets and institutional adoption.
• A strong crypto market and risk-on sentiment.

Why the value drops

• A slowdown in on-chain activity and fees.
• Competition from other DeFi and finance-focused chains.
• Market-wide downturns or a global crisis.
• A buy the rumour, sell the news reaction.

These are not the only factors, but they cover most of the moves. For broader context, follow our latest altcoin news and our prediction markets news.