is Layer 1 blockchain with focus on finance.
Injective is natively interoperable with Cosmos while also connecting to a wide array of new chains such as Ethereum, Solana, and more. Injective is the fastest L1 blockchains in Web3. With a 0.8s block production time, over 300M on-chain transactions (and counting), an average transaction cost of less than $0.01, Injective offers both developers and users the best environment to create and utilize DeFi apps.
Injective Mainnet was launched on November, 2021. So, In November this year, Injective the second Anniversary of the Mainnet launch.
From its inception, Injective’s mission has remained steadfast: to stand as the premier blockchain crafted specifically for financial applications.
On the illustration to this post, you can see the Injective ecosystem as of November 2023:
A comparison of Injective with other blockchains:
Native Injective Coin is Main utility of the INJ coin:
> INJ is used to secure the Injective blockchain using a proof-of-stake (PoS) mechanism (validators and delegators can both participate in staking);
> INJ is used to pay for gas when performing transactions on the Injective blockchain (as for now, 60% of all fees generated from dApps built on Injective enter an on-chain buy-back-and-burn auction, in which INJ is burned weekly);
> Injective is governed by its community with INJ.
What else sets Injective apart from many other blockchains is the appearance of its own Virtual Office in Virtua Metaverse
Feel free to visit this office in person by using this direct link or by logging in via Virtua Metaverse website and typing “Injective” or “Injective Virtual Office” into the search box.
