$INJ is the native token of Injective Protocol, a fast and interoperable DeFi-focused Layer 1 blockchain known for decentralized trading, on-chain order books, and innovative tokenomics. Injective has recently doubled down on supply scarcity with community-backed deflation mechanisms and accelerated burns, aiming to reduce overall circulation and strengthen long-term fundamentals. �
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💡 Why It Matters:
Protocol deflation upgrade approved by 99.89% of voters to tighten issuance and increase token burns. �
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INJ remains sensitive to broader crypto market sentiment — downtrend persists amid weak altcoin cycles. �
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Price trades well below its all-time high (~$52.75), reflecting extended correction and volatility. �
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📉 Current Price Snapshot (approx): ~$4.4
📉 Market Cap: ~ $440M
⏱️ 24h movement: modest volatility amid bearish technicals. �
INJ
3.258
+13.83%