Summary
- Injective is a lightning fast interoperable layer one blockchain optimized for building the premier Web3 finance applications. Injective uniquely provides developers with powerful plug-and-play financial infrastructure primitives, such as a high performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm.
- Injective’s core exchange module provides state-of-the-art capabilities including an advanced on-chain order book and matching engine for spot, perpetual, futures and options markets, resistance to Miner-Extractable Value (MEV) through frequent batch auction order matching, and zero gas fees for users.
- Injective is built with the Cosmos SDK and leverages a Tendermint-based Proof-of-Stake consensus mechanism, which allows it to achieve instant transaction finality while sustaining lightning-fast speeds (25,000+ TPS).
- Injective natively uses IBC and is highly-interoperable with multiple layer ones, including, but not limited to, Polkadot and Solana. It is also uniquely built to be interoperable with Ethereum, through its own decentralized ERC-20 token bridge, making Injective the first network within the Cosmos ecosystem to natively support Ethereum assets.
- Smart contracts are implemented on Injective through CosmWasm, allowing for multi-chain smart contract transactions to occur seamlessly. Injective, however, is the only blockchain that enables automatic smart contract execution. This capability serves as a powerful building block for developers to create novel use cases that would not be possible on any other chain.
- INJ is the native asset that powers Injective and its rapidly growing ecosystem. The INJ token is used across a diverse range of functions such as:
- Protocol governance
- dApp value capture
- Tendermint-based Proof-of-Stake (PoS) security
- Developer Incentives
- Staking
- 60% of all fees from dApps built on Injective are auctioned off every week via a buy back and burn mechanism, allowing the supply of INJ to dramatically decrease over time.
- The Injective network enables developers to:
- Build new highly interoperable cross-chain DeFi applications with fast transaction times and instant finality.
- Access deep cross-chain liquidity and novel financial instruments, including decentralized perpetual swaps, expiry futures, binary options and prediction markets.
- Launch applications with an automated smart contract implementation, which is singularly unique to Injective’s layer 1.
- Permissionlessly create and list new markets on exchange dApps built on Injective.
- Access various dApps built on top of Injective with zero gas fees.
2.1 What is Injective?
Injective 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.
Injective also provides a next-generation, highly interoperable smart contract platform based on CosmWasm, with advanced interchain capabilities. Injective is custom built with the Cosmos SDK and utilizes Tendermint-based Proof-of-Stake consensus mechanism, providing instant transaction finality with the ability to sustain lightning-fast performance (25,000+ TPS).
The Injective ecosystem includes over 200 projects and over 700,000 community members globally.
Injective is backed by a group of prominent investors such as Binance, Pantera Capital, Jump Crypto and Mark Cuban.
2.2 What Makes Injective Special?
- Injective is the only blockchain specialized for DeFi applications. It is the blockchain built for finance, and it is the first sector specific blockchain.