$INJ #INJ/USDT/
The price of layer 1 network Injective Protocol (INJ) has risen considerably. Several factors are influenced behind the recent surge in Injective (INJ) :
1 Fast and cheap transactions
According to the project’s website, the average time to create a block on the chain is 0.8 seconds. On #etherium ($ETH ), creating a block currently takes between 12 and 15 seconds. Meanwhile, on the #Bitcoin ($BTC ) network, the time is above 10 minutes.
Moreover, the transaction cost of Injective is less than $0.01 even though it processes over 10,000 transactions per second (TPS).
2 Trading Volume and Network Activity
The high trading volume, currently over $300 million, indicates increased liquidity, and investor engagement sustains the price pump.None of the current holders of the INJ token have suffered losses. While 87% are in profits, about 13% are breaking even.
Moreover, trader sentiments around the token are mostly bullish.
3. AI-Backed Blockchain and Global Adoption
Over the past few months, there has been a spike in #artificialintelligence platforms and AI-backed products across industries. Injective’s status as a leading AI-based digital currency in cryptocurrency has contributed to its growing popularity.
Moreover, Injective has become a platform for advanced defi applications, making it a popular player in the finance sector. The growing adoption among developers and users has made the INJ token an attractive investment.
4 New Integrations pump INJ price
Injective’s partnership with Kujira , a layer 1 blockchain built on the Cosmos network, has excited the community. Users can now access KUJI, the native token of Kujira, on the various dApps on the Injective Hub.
