Injective
INJ
$34.46

Sector

Artificial Intelligence

Exchange Debut

2020-12-02

Market Cap

3,045,692,401

Maxim Supply

100,000,000

Circulating Supply

88,392,222

Circ. Supply(%)

88.39%
Injective - Logo

Injective

INJ

Price

$34.46

Market Cap

Sector

Exchange Debut

3,045,692,401
2020-12-02

Volume 24h

High 24h

Low 24h

154650475
37.138605450273
34.319691223155

Change 24h

Change 7d

Change 30d

-2.0203
-1.5572
0.5129

Maxim supply

Circulating supply

Circulating supply(%)

100,000,000
88,392,222
88.39%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Injective cryptocurrency:

 

The Injective Protocol, with its decentralized finance (DeFi) architecture designed for high-performance financial applications, stands out in the cryptocurrency landscape. As an interoperable layer-one blockchain, Injective enables a broad range of DeFi applications with unique features such as MEV-resistant on-chain orderbooks and decentralized cross-chain bridging infrastructure. Our comprehensive fundamental analysis of the Injective cryptocurrency concludes with a promising overall score of 7.90 out of 10, highlighting its robust presence and potential for growth in the crypto space.

SOCIAL & MASS MEDIA: Score 8.7 out of 10

Injective commands a robust social and media presence, which is a vital aspect of our fundamental analysis of the Injective cryptocurrency. The project’s ability to attract followers and the vibrant community activity on its social media pages both scored a perfect 10. It also enjoys significant media presence. However, improvements in the activities of social media administrators and the size of chat groups can further strengthen its score in this segment.

AUDIT & SECURITY: Score 7.11 out of 10

In terms of audit and security, Injective holds a decent score. The project showcases high transparency of information and robust liquidity on exchanges. Nevertheless, enhancements in the audit results can contribute to a higher overall score in the future.

TOKENOMICS: Score 7.45 out of 10

Examining Injective’s token economy reveals a mixed picture. While the project’s inflation rate is perceived positively, there are concerns regarding the centralization of the monetary mass. This aspect, as revealed by our fundamental analysis of the Injective cryptocurrency, may need to be addressed moving forward.

ECOSYSTEM DEVELOPMENT: Score 8.1 out of 10

Injective’s ecosystem development has received a high score, reflecting its ability to achieve objectives and its commitment to fostering new developments. However, there is room for growth, especially in enhancing its focus on product innovation and expansion.

TEAM & DEVELOPERS: Score 6.8 out of 10

The experience of the Injective team is commendable, but the number of software developers is a concern. Strengthening the development team could result in improved project execution and a higher overall score in the fundamental analysis of the Injective cryptocurrency.

PRODUCT & UTILITY: Score 7.9 out of 10

Injective offers a product of significant utility, as reflected in its score. However, there’s potential for enhancing the utility of tokens within the ecosystem, which could contribute to an improved overall score.

PARTNERS & INVESTORS: Score 8.85 out of 10

In terms of partners and investors, Injective stands strong. The project’s ability to attract capable investors and establish quality partnerships underlines its credibility and investment potential, factors that are key to our fundamental analysis of the Injective cryptocurrency.

Fundamental analysis of the Injective cryptocurrency – The final conclusion

Given the scores obtained from our fundamental analysis of the Injective cryptocurrency, the project shows significant potential as a cryptocurrency investment. It demonstrates robustness in several areas, particularly in social and media presence, ecosystem development, and partners and investors. However, it must address certain challenges, including bolstering its software developer team and enhancing token utility within its ecosystem, to further increase its investment appeal. Despite these areas of improvement, the risk associated with the Injective cryptocurrency seems to be outweighed by its potential. It represents a sound project in the burgeoning DeFi space, offering promising opportunities for investors who are prepared to navigate the typical risks associated with crypto investments.

What is Injective?

Introduction to Injective Protocol

The Injective Protocol, also known as INJ, is a layer-one blockchain dedicated to financial applications, specifically those pertaining to Decentralized Finance (DeFi). It hosts numerous features like decentralized spot and derivatives exchanges, prediction markets, and lending protocols. The fundamental analysis of the Injective cryptocurrency shows it offers core financial infrastructure that is decentralized and resistant to Miner-Extractable Value (MEV). Furthermore, Injective supports various financial markets such as spot, futures, and options, which are fully on-chain.

Cross-Chain Compatibility and Smart Contract Platform

Injective is highly interoperable, supporting cross-chain bridging with Ethereum, IBC-enabled blockchains, and non-EVM chains like Solana. The platform is built with the Cosmos SDK and relies on a Tendermint-based Proof-of-Stake consensus mechanism, providing immediate transaction finality and high performance. Its smart contract platform, based on CosmWasm, enables seamless multi-chain smart contract transactions 

Injective Ecosystem and Use Cases

The Injective ecosystem is thriving with over 100 projects and 150,000 community members globally. It is backed by leading investors such as Binance, Pantera Capital, and Mark Cuban. The INJ token, central to the ecosystem, is designed for protocol governance, dApp value capture, PoS security, developer incentives, and staking. The governance of Injective is community-driven, with a Decentralized Autonomous Organization (DAO) structure handling voting for new innovations.

Unique Features of Injective Protocol

What sets Injective apart is its advanced infrastructure for DeFi applications, with zero gas fees and ultra-fast speeds. It enables cross-chain trading and yield generation across various blockchain networks. It is customizable, user-friendly for developers, and environmentally friendly due to its PoS consensus mechanism, significantly reducing its carbon footprint.

Fundamental analysis of the Injective cryptocurrency

Injective - INJ performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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