Injective Protocol is one of the first universal DeFi protocols that support cross-chain derivatives, margin trading, and futures. The project aims to create a paradigm shift in decentralized trading by creating a user-friendly exchange that is accessible for all. It is incubated by Binance Labs and is backed by investors like Pantera, Hashed, and others. INJ is the native token utilized of the Injective Protocol that was launched via a public offering in 2020. The INJ tokens are locked up in derivatives contracts to ensure the margin is met, in addition to being used for collateral backing or insurance pool staking. The maximum supply of INJ tokens is 100 million with 14.84 million tokens in circulation.
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