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Injective Protocol (INJ) rallies 100%+ after launching cross-chain support for Cosmos

Published 02/13/2022, 04:30 PM
Updated 02/13/2022, 06:00 PM

Trading perpetual futures contracts in decentralized apps is a crypto sub-sector ripe for growth, especially as discussions of regulation, taxation and mandatory KYC at centralized exchanges continue to take place.

One DEX platform that has begun to gain traction is Injective (INJ), an interoperable layer-one protocol designed to facilitate the creation of cross-chain Web3 decentralized finance (DeFi) applications.

INJ/USDT 1-day chart. Source: TradingView
Inject DEX daily trading volume. Source: Injective
Total value locked on Injective. Source: Defi Llama
VORTECS™ Score (green) vs. INJ price. Source: Cointelegraph Markets Pro

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