Date: Wed, Oct 02, 2024, 03:28 PM GMT
Injective (INJ), the leading decentralized finance (DeFi) platform, has announced that it has surpassed $1 billion in on-chain transactions. This achievement highlights the growing influence of Injective in the crypto space, known for its fast and low-cost transactions. As a layer-1 blockchain, Injective has proven its ability to handle massive transaction volumes, positioning itself as a key player in the digital finance.
Introduction of INJ 3.0:
Alongside this record-breaking news, Injective is rolling out INJ 3.0, the latest upgrade to the platform. Starting this week, the first phase of this upgrade aims to reduce the overall supply of INJ tokens significantly. This move is designed to make INJ one of the most deflationary assets in the cryptocurrency world, potentially boosting its long-term value as supply decreases.
Total Value Locked (TVL) Sees Steady Growth
This year, the platform’s Total Value Locked (TVL) has also seen continuous growth, standing at $39.1 million, reflecting the increasing trust and investment in the Injective ecosystem.
As of now, Injective (INJ) is trading at $21.70 with a market cap of $2.11 billion, while in the past 30 days it has surged by over 28%, showing the platform’s strong market presence.
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