INJ (Injective Protocol) is a decentralized layer-2 protocol that focuses on providing a fully decentralized and trustless trading experience. It is designed to support various financial products, such as spot trading, futures, and derivatives. Here are some key features and aspects of Injective Protocol and its native token, INJ:
Decentralized Exchange (DEX): Injective Protocol offers a DEX that enables users to trade cryptocurrencies without relying on a centralized exchange, enhancing security and transparency.
Layer-2 Solution: As a layer-2 solution, Injective aims to solve scalability issues inherent in many blockchain networks by offloading transactions from the main chain, thus improving speed and reducing costs.
Interoperability: Injective supports cross-chain trading, allowing users to trade assets across different blockchain networks seamlessly.
Staking and Governance: The INJ token is used for staking to secure the network and participate in governance decisions, giving token holders a say in the protocol's future developments.
and so on..
I see it as bullish
not a financial advise