Injective Protocol is it worth the Hype?! INJ Coin - Injective Crypto

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Injective (INJ) Explained

Injective Protocol (INJ) is a decentralized exchange (DEX) that offers cross-chain margin trading, derivatives and forex futures trading.

The Injective Protocol is built on the Cosmos blockchain as a Layer 2 application. The protocol uses cross-chain bridges which allow traders to access cryptocurrencies from platforms such as Ethereum and Polkadot.

Unlike other popular decentralized exchanges such as Uniswap or Bancor, Injective Protocol does not use an automated market maker (AMM) formula to manage liquidity. Instead, Injective follows the order book model that has been widely used for years across centralized stock and crypto exchanges. In doing so, Injective aims to match the efficiency of traditional finance with the transparency of decentralized exchanges.

Instead of paying network gas fees to execute each transaction, Injective Exchange traders only pay standard market maker and taker fees using INJ coins. INJ coins also serve as the platform’s governance token and staking mechanism to power Injective’s Proof of Stake based blockchain.

How Does Injective Work?

Injective Protocol is made up of several components that support the functionality and development of its decentralized exchange.
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Lack of Scalability

Another major issue that the Injective Protocol helps to reduce is scalability concerns. When a blockchain network experiences congestion, it can drive the price of executing smart contracts through the roof. Ethereum is a prime example of how DeFi users can bog down a decentralized network which results in more fees.

The Injective Protocol leverages blockchain technologies and advancements made in consensus to provide top-notch scalability to users. The protocol is capable of executing sophisticated trades in seconds in a peer-to-peer manner.
Lack of Options

Traders who venture into the DeFi sector are often left unimpressed by the lack of certain basic features they have grown accustomed to using such as stop loss. The Injective Protocol integrates a variety of features that are usually only found on large CEXs. These services include options like cross-chain margin trading, derivatives, and forex futures trading.
Lack of Interoperability

Another major concern for developers is the lack of interoperability in the DeFi sector. Each Defi network operates as a separate financial island. This compartmentalization results in a lot of duplicate work put in by developers. Instead of leveraging already in use and proven systems, they must recreate duplicates that slow down innovation in the market
Injective Chain

The Injective Chain is a decentralized exchange (DEX) protocol built on Cosmos that also allows for the transferring and trading of Ethereum tokens. This chain aims to address the scaling and throughput limitations many Layer 1 blockchains experience, while still allowing developers to use the Ethereum development kits they are familiar with.
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Investing In Injective Protocol (INJ) – Everything You Need to Know

Traders can access several modules within the Injective Chain DEX:

Auction – allows token holders to bid on baskets of tokens that have been accumulated from exchange trading fees. The INJ tokens paid by the highest bidder are burned, or eliminated from circulation, by the protocol.
Exchange – helps traders create and trade new spot and derivatives markets. Order book management, trade execution, order matching and settlement are programmatically managed on chain.
Insurance – supports underwriters who back the derivatives markets hosted on the exchange.
Oracle – obtains real-world price data (such as traditional stock market data) used to set asset prices on the INJ exchange.
Peggy – bridges Injective Protocol to the Ethereum blockchain, allowing ERC-20 token holders to convert their tokens to Cosmos-native coins.
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(00:00) Intro
(00:31) What is Injective Protocol
(02:11) What does Injective Protocol solve
(05:14) Injective Protocol and Wormhole
(06:06) Injective and Astroport
(06:45) Injective and Celer
(07:02) Injective and Astar
(08:05) Injective price

#inj #Injective #crypto

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