What is Injective Protocol_ INJ - TOP ALTCOIN TO BUY IN 2023! Injective Protocol NEWS
Crypto Never Sleeps
What is Injective Protocol? INJ - TOP ALTCOIN TO BUY IN 2023! Injective Protocol NEWS
00:00 Introduction 01:46 Injective (INJ) price 02:05 What is Injective Protocol? 03:16 NEWS 07:34 Injective (INJ) Price Prediction 08: My thoughts
I guess we can all agree that There are too many decentralized exchanges, lending protocols, and yield farming platforms within the blockchain ecosystem. As such, the primary goal of every new DeFi project is to stand out by all means possible.
In the case of Injective Protocol, we have a project that targets the derivatives market with a decentralized and, before all, scalable approach. With heavy backing by industry giants like Binance, Pantera, and CMS.
Today we increased our position in Injective INJ @ 6.04.
Trading at 75.7% below its all time high. Which could generate 311% return on investment if it hits its previous ATH
What is Injective Protocol?
Injective Protocol is a decentralized derivatives exchange built on Ethereum and supported by a layer-2 solution that helps investors access DeFi markets in a swift and secure way.
You can also say that Injective Protocol is a fully decentralized exchange protocol for cross-chain margin, perpetual swaps, derivatives, forex, futures, and spot trading. The main aim of the Injective network is to create a free and inclusive decentralized financial market. Moreover, Injective Protocol is permissionless with zero gas fees and high transaction speed.
The Injective chain is an important part of Injective Protocol, and it is developed to support Ethereum consistent DeFi applications. The INJ chain is implemented as a Cosmos SDK module built with EVM on Tendermint called Ethermint. Injective’s ecosystem consists of Relayers, Blockchains, dApps, data, Exchanges, NFTs, Oracle, Stablecoins, Validators, and Wallets.
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