Key Points
- Upbit introduced that it’s going to listing Injective (INJ) at this time.
- Following the announcement, INJ’s value surged considerably.
The South Korean crypto trade Upbit introduced that it’s going to listing Injective (INJ) later at this time.
The trade revealed within the official notes that the transaction begin time is scheduled at 18:15 on October 17, and the supported markets are KRW and USDT.
The group at Injective additionally posted a message through X to mark the occasion, highlighting that thousands and thousands of latest customers can now entry the native INJ token utilizing the Korean fiat pair KRW.
Following the trade’s announcement, INJ’s value surged considerably.
INJ Price Surges Following Upbit Listing Announcement
INJ’s value surged above $23, following the trade’s itemizing notes, seeing an increase in value of over 11% previously 24 hours.
At the second of writing this text, INJ is buying and selling above $22, up by over 5% previously 24 hours. The coin’s market cap is now at over $2.1 billion.
During the previous week, INJ had a risky trajectory, hitting a value dip of $18.6 on October 10, and reaching ranges above $22 on October 15, forward of at this time’s notable value spike.
What is Injective (INJ)?
Injective is an interoperable L1 blockchain powering next-gen DeFi apps, together with decentralized spot and derivatives exchanges, prediction markets, lending protocols, and extra.
Injective gives highly effective core monetary infrastructure primitives that functions leverage together with a completely decentralized MEV-resistant on-chain orderbook.
The decentralized cross-chain bridging infrastructure is appropriate with the next blockchains:
- Ethereum
- IBC-enabled blockchains
- Non-EVM chains resembling Solana
Injective additionally supplies a next-gen, good contract platform primarily based on CosmWasm, specializing in safety, efficiency, and interoperability, with superior interchain capabilities.
Injective is custom-built with the Cosmos SDK and makes use of the Tendermint-based PoS consensus mechanism, providing prompt transaction finality with the power to maintain over 25,000 TPS.
INJ is the native utility and governance token of Injective.
