Price history
Market cap
0,46 Mrd €
Volume traded (24h)
0,016 Mrd €
Circulating supply
99.970.935 INJ
All-time high (ATH)
52,00 €
Distance from ATH
-91,0%
Market cap rank
#81
What is Injective
Injective is a Layer 1 blockchain specialising in advanced decentralised finance (DeFi), with infrastructure optimised for complex trading applications like derivatives, perpetual contracts and prediction markets, without a centralised intermediary.
A distinctive feature of Injective is its "burn auction" mechanism: a portion of the fees generated by applications built on the network is used to buy back and burn INJ tokens, making the token supply progressively deflationary over time — unlike most other Layer 1 blockchains.
Frequently asked questions
Is Injective regulated in the UK?
As with most cryptocurrencies, Injective is not covered by FCA regulation in the same way as regulated investments; the FCA has warned that crypto assets carry a high risk of losing all invested capital.
What is Injective's "burn auction" mechanism?
A portion of the fees generated by applications on the network is used to permanently buy back and burn INJ tokens, progressively reducing the circulating supply over time.
How is Injective taxed in the UK?
Cryptoasset gains are generally subject to Capital Gains Tax in the UK, with an annual tax-free allowance. Always check current HMRC guidance.