Buy & Swap Injective (INJ)

$21.40+5.62% (24h)Injective network

Injective (INJ) can be swapped instantly on SwapRocket — no account, no KYC and zero added fees. Compare live INJ rates from every connected provider and receive funds in your own wallet in minutes.

Swap INJ instantly — no KYC

INJ / USD — 24H chart

Change7.58%High$22.30Low$20.57

Updating…

Live market data · extended history unavailable for this asset

24h5.62%

7d—

30d—

90d—

1y—

Injective statistics

Market cap$2B

Fully diluted market cap—

24h volume$200M

Circulating supply95.00M INJ

Max supply∞

Total supply—

All-time high$53.00

Market dominance—

Rank—

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Non-custodial

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About Injective (INJ)

Layer-1 blockchain

Injective (INJ) is a Layer-1 blockchain — a base network with its own consensus, validators, and native coin (INJ) used to pay fees and secure the chain. Developers build applications directly on it, and INJ is the asset that powers the whole ecosystem.

How does Injective work?

The Injective network is maintained by a distributed set of participants who validate transactions and add them to the blockchain. INJ is required to pay for transactions and, on many networks, to stake and help secure the chain in exchange for rewards.

What is INJ used for?

INJ pays network fees, can often be staked for yield, and serves as the core unit of value across apps built on Injective. Demand for INJ tends to track activity and adoption on the network itself.

How to buy or swap INJ on SwapRocket

Pick INJ as the asset you want to receive.
Choose which crypto you're paying with.
SwapRocket compares every connected exchange and surfaces the best rate.
Paste your wallet address and confirm — funds arrive in minutes.

Injective (INJ) swap profile

This profile explains how Injective swaps work on SwapRocket: the network INJ settles on, what an exchange costs, how long it usually takes, and which pairs are published. Rates are aggregated live from every connected provider and shown in full before you commit to anything.

INJ key facts

Ticker: INJ
Settlement network: Injective
Category: Layer-1 blockchain
Custody: Non-custodial — coins move from the provider straight to your wallet
Cost to you: Zero added fees; you see the provider rate
Verification: No KYC for crypto-to-crypto swaps
Typical completion: Most swaps finish in under 10 minutes
Rate options: Best rate, fastest route or fixed rate
Published pairs: 4 published INJ pairs

How a INJ swap works

Enter the amount you want to exchange, pick the asset on the other side, and SwapRocket queries every connected exchange partner at once. You choose an offer, paste the wallet address that should receive the funds, and send INJ to the deposit address shown. The partner executes the trade and pays out to your address — SwapRocket never holds your coins, and there is no account to create before you start.

Choosing a rate for INJ

Three offers are presented for every INJ exchange. The best rate returns the largest amount for the size you entered. The fastest route favours the partner with the shortest expected settlement time, which matters when the market is moving. The fixed rate locks the quoted amount for the duration of the order, so what you are shown is what arrives, at the cost of a slightly smaller payout. Floating offers can move with the market between deposit and settlement.

Networks and addresses for INJ

Injective settles on Injective. Always send from and to an address on that network: a deposit sent over a different chain cannot be recovered by the exchange partner. When an asset exists on several chains, pick the matching network in the widget before copying the deposit address, and send a small test amount first if you are unsure.

Popular INJ pairs

Each pair below has its own page with a live quote, the current rate and the limits that apply to that route.

Want the full wallet and network checklist? Read how to buy Injective (INJ) by swapping crypto.

What is INJ? · Sourced guide · Updated 2026-09-24 · 9 sources cited

Injective is a proof-of-stake blockchain built for financial applications. How do its consensus design, its weekly burn auction and its adjustable issuance fit together, and what does INJ do inside that system?

Every proof-of-stake network has to balance two forces. New tokens reward the validators and stakers who secure the chain, while fees and demand decide how much value flows back to holders. Injective makes that balance unusually explicit. Its issuance responds to how much INJ is staked, and a regular auction turns fees from applications into INJ that is permanently burned. Both are governed on-chain by INJ holders, who voted through a major tokenomics upgrade in 2024. This profile explains the design using Injective's documentation, research paper and governance records.

A Cosmos SDK chain with fast finality

Injective's documentation describes INJ as the native asset of the network and part of its custom implementation of Tendermint proof-of-stake consensus. The infrastructure overview explains that this Byzantine fault tolerant design gives transactions finality within seconds, so a confirmed transaction does not need to wait for additional blocks.

Validators run nodes with staked INJ as collateral. The documentation sets out demanding hardware expectations for them, reflecting the chain's focus on trading and other finance workloads that need steady performance.^{[1], [2]}

What INJ is used for

INJ secures the network through staking and slashing, is used for governance votes, and serves as a medium of exchange across applications on Injective. It uses 18 decimal places, matching the way Ether is divided on Ethereum.

Fees are calculated as gas used multiplied by the gas price, and the documentation lists the current minimum gas price set by validators. Knowing how fees are calculated helps users and developers predict costs.^{[1], [3]}

Issuance that responds to staking

Injective's mint module is designed to allow a flexible inflation rate that targets a chosen share of INJ being staked. When less is staked than the target, issuance can rise to encourage staking; when more is staked, it can fall.

In 2024 the community approved proposal 409, which lowered the lower and upper bounds of that inflation rate to 4.875% and 9.625%. The change came as part of a broader tokenomics upgrade.^{[4], [5]}

INJ 3.0 and the burn auction

Injective's tokenomics paper analyses how INJ's design connects issuance and burning. A central piece is the burn auction, in which fees gathered from applications are auctioned and the INJ used to win is burned for good.

In April 2024 holders voted on proposal 392, called INJ 3.0. The on-chain record shows about 93% of votes in favour, on a turnout of about 74%, and Injective announced that the upgrade went live afterwards. Its stated aim was to make INJ's supply more deflationary over time.^{[6], [7], [8], [9]}

Governance that leaves a public record

Changes like INJ 3.0 and the inflation bounds were made through on-chain proposals, where each vote, turnout figure and result is stored on the chain and visible in explorers.

Injective's later writing on its token economy describes the 2024 approval of INJ 3.0 as a milestone in an ongoing series of governance-led changes. That gives holders a clear trail of how the rules have evolved and who approved them.^{[7], [5], [9]}

Balancing staking rewards and a shrinking supply

Stakers are rewarded partly through new issuance, while the burn auction removes INJ as application fees grow. How those two forces will balance over many years depends on staking levels, fee volume and future governance decisions.

The long-run outcome is UNKNOWN and is not predicted here. The parameters that decide it are public and can only be changed by on-chain vote.^{[4], [6]}

What this means when you hold or move INJ

SwapRocket lists INJ on its native Injective network. Native addresses start with inj1. INJ also exists as wrapped or bridged versions on other chains that use 0x addresses, so check that the network in your quote matches what the receiving wallet or service supports.

Staked INJ goes through an unbonding period before it can be moved again. A swap provider sets its own confirmation policy before releasing the destination coin. Keep the transaction ID until the order completes, and back up your recovery phrase.

Sources and evidence (9)

[1] INJ is Injective's native asset, integral to its custom Tendermint proof-of-stake implementation; it is used for staking, governance and exchange and has 18 decimals. Injective Docs — INJ coin · verified 2026-09-24 Confirmed
[2] Injective uses Tendermint BFT consensus with finality within seconds; validators stake INJ as collateral and run high-availability hardware. Injective Docs — Infrastructure overview · verified 2026-09-24 Confirmed
[3] Injective fees are gas multiplied by gas price, with a published validator minimum gas price. Injective Docs — Gas and fees · verified 2026-09-24 Confirmed
[4] Injective's mint module allows a flexible inflation rate targeting a bonded-stake ratio. Injective Docs — Mint module · verified 2026-09-24 Confirmed
[5] Proposal 409 lowered INJ inflation bounds to 4.875% and 9.625%. Injective explorer — Proposal 409 · verified 2026-09-24 Confirmed
[6] Injective's tokenomics paper analyses INJ's economic design, including the burn auction. Injective — INJ tokenomics paper · verified 2026-09-24 Confirmed
[7] Proposal 392 (INJ 3.0) passed with about 92.83% Yes on 73.83% turnout. Injective explorer — Proposal 392 · verified 2026-09-24 Confirmed
[8] The Injective community voted in favour of IIP-392 to launch INJ 3.0. Injective Blog — INJ 3.0 release · verified 2026-09-24 Confirmed
[9] Injective describes the 2024 approval of IIP-392 (INJ 3.0) as part of its programmable token economy. Injective Blog — INJ: a programmable token economy · verified 2026-09-24 Confirmed

Profile last reviewed 2026-09-24. Historical background only — not investment advice.

Fees and pricing

Zero added fees: SwapRocket does not add a platform fee, a minimum or a withdrawal charge — the rate you see is the rate you get. Blockchain network fees are shown in full before you confirm, and the final amount you receive is quoted up front.

SwapRocket does not add a separate fee or markup to the provider quote. SwapRocket may earn a commission from the liquidity provider when a completed swap is referred through our platform. Provider spreads and applicable network costs are reflected in the quoted amount.

Network fees are set by the blockchain, not by SwapRocket. No account, no subscription and no withdrawal charge. Live support is available 24/7.

INJ swap FAQ

How do I swap Injective (INJ) instantly on SwapRocket?

Pick INJ as the asset you want to receive, choose what you're paying with, paste your wallet address, and confirm. SwapRocket hands your order to the provider whose quote pays out the most at that moment, and most swaps complete in under 10 minutes — no SwapRocket account needed.

Can I swap INJ with no KYC?

No SwapRocket account or identity documents are needed to start a crypto-to-crypto swap of INJ. The provider that executes the swap may still request identity verification or hold a swap for review under its own AML and sanctions policy, regardless of amount. Selling to a bank account goes through a regulated payment partner that verifies the payer; card purchases on SwapRocket are coming soon.

Is swapping Injective on SwapRocket non-custodial?

Yes. SwapRocket never holds your funds. The provider that executes the swap receives your deposit, holds it only for the duration of the swap, and sends INJ to the wallet address you provide.

Which network does INJ use here?

SwapRocket supports Injective on the Injective network. Always double-check that your receiving wallet supports this network before confirming.

What fees apply when I swap INJ?

SwapRocket adds no fee or markup to the provider's quote and may earn a commission from the provider on a completed swap. The provider's spread and any network cost it deducts on delivery are already reflected in the INJ amount shown; the network fee your own wallet charges to send the deposit is separate. Spreads vary by provider, pair and size, so compare the quoted receive amount.

More on fees, limits, KYC and timing: read the full crypto swap FAQ.