$INJ is the ticker symbol for Injective Protocol a decentralized layer 2 blockchain that focuses on enabling fast and secure financial applications such as decentralized exchanges cross chain trading, and various decentralized finance products It is designed to allow users to build decentralized applications with high scalability and low fees
The protocol uses a Cosmos SDK based architecture and aims to provide a decentralized alternative to traditional centralized finance systems
Injectives native token is used for governance staking and transaction fees within the ecosystem It plays a key role in securing the network as stakers of can participate in the consensus mechanism and vote on network proposals
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