Injective

INJ Launched 2020 source

What this page is: neutral, sourced facts about Injective. Every line links where it was checked. 10 facts, 5 from primary sources. Educational, not financial advice.

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Launch

On 2020-10-12 Binance announced Injective Protocol as the 16th project on Binance Launchpad, with a lottery-format token sale. primary source source

Founders and creators

Injective Labs was founded by Eric Chen and Albert Chon in 2018 through the first incubation program hosted by Binance Labs. secondary source source

Origin story

Injective was launched by Injective Labs, which was founded by Eric Chen and Albert Chon in 2018 through the first incubation program hosted by Binance Labs. secondary source source

Stated purpose

Injective is a proof-of-stake Layer-1 blockchain designed for finance. primary source source
Injective (INJ) is a blockchain optimized for Web3 finance. secondary source source

Consensus mechanism

Injective uses proof of stake with an Injective-maintained implementation of CometBFT, the successor to Tendermint Core. primary source source

Supply model

Every week, 60% of fees collected on the Injective protocol undergo a buy back and burn process. primary source source

Main uses today

Financial modules for decentralized exchanges, prediction markets and lending protocols. secondary source source

Key milestones

On November 8, 2021 the Injective Canonical Chain Mainnet went live, bringing unrestricted transfers and trading. primary source source

Notable events and controversies

In April 2021, the platform raised $10 million in a funding round with participation from billionaire Mark Cuban. secondary source source

Sources & studies

Last checked: 2026-11-04 · Prices, market caps and circulating supply are left out on purpose because they change by the minute. Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.