#injective $INJ @Injective Injective (INJ) is the native token of the Injective Protocol, a Layer-1 blockchain built specifically for decentralized finance (DeFi). It supports high-performance, interoperable markets like spot, perpetuals, options, and prediction markets using a fully decentralized on-chain order book. INJ is used for staking (securing the network), governance, collateral in derivatives, and fee value capture via a weekly burn auction—60% of protocol revenue is used to buy INJ and burn it, creating deflationary pressure. Injective’s Cosmos-SDK architecture and IBC compatibility make it highly interoperable, enabling cross-chain DeFi applications.