Injective Protocol INJ
$24.207 3.75%
Latest Updates
Updated at 17:32$2,260,977,398.75
#49
$103,314,113.79 34.71%
-$0.90891 3.75%
-$0.42586 1.76%
What about Injective?
INJ is a decentralized exchange (DEX) that provides cross-chain margin trading, derivatives, and forex futures trading. As a layer 2 application developed on the Cosmos blockchain, the protocol makes use of cross-chain bridges to give traders access to cryptocurrencies on networks like Polkadot and Ethereum. When managing liquidity, Injective Protocol does not employ an automated market maker (AMM) formula. Instead, it uses the order book model, which has been popular among centralized stock and cryptocurrency exchanges for years. In this way, Injective seeks to combine the efficiency of traditional finance with the transparency of decentralized exchanges.
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