Injective

Injective is a Layer 1 blockchain built specifically for decentralized finance applications, including exchanges, prediction markets, and lending protocols. It is designed for developers who want ready-made financial infrastructure they can build on without constructing those components from scratch. Its cross-chain bridging is designed to work with both Ethereum-compatible chains and non-Ethereum chains such as Solana.

Injective operates as an interoperable Layer 1 within the Cosmos ecosystem and is also connected to the Ethereum and BNB Chain ecosystems through its bridging infrastructure. The INJ token is used within the protocol — the data shows a take rate of 100% over the trailing 30 days, meaning the protocol retains all fees collected rather than distributing any portion to liquidity providers or other supply-side participants, as confirmed by a supply-side revenue figure of zero for that period. All 100% of the circulating supply of 100,000,000 INJ tokens is already in circulation, with no additional supply pending.

The protocol generated fees of 7,694 USD in the most recent 24-hour period, 221,172 USD over the trailing 30 days, and 4,423,058 USD over the trailing 12 months. Because the take rate is 100% over the trailing 30 days and supply-side revenue is zero in that same window, the protocol retains every dollar of fees as revenue — fees and revenue figures are therefore identical across all reported periods. Fee growth over the last 30 days was negative 14.78%, meaning fees contracted during that window. The market capitalization divided by annualized revenue from the trailing 30 days stands at 204.1, and the annualized revenue yield relative to market capitalization is 0.49%.