Key Points
- Upbit announced that it will list Injective (INJ) today.
- Following the announcement, INJ’s price surged significantly.
The South Korean crypto exchange Upbit announced that it will list Injective (INJ) later today.
The exchange revealed in the official notes that the transaction start time is scheduled at 18:15 on October 17, and the supported markets are KRW and USDT.
The team at Injective also posted a message via X to mark the event, highlighting that millions of new users can now access the native INJ token using the Korean fiat pair KRW.
Following the exchange’s announcement, INJ’s price surged significantly.
INJ Price Surges Following Upbit Listing Announcement
INJ’s price surged above $23, following the exchange’s listing notes, seeing a rise in price of over 11% in the past 24 hours.
At the moment of writing this article, INJ is trading above $22, up by over 5% in the past 24 hours. The coin’s market cap is now at over $2.1 billion.
During the past week, INJ had a volatile trajectory, hitting a price dip of $18.6 on October 10, and reaching levels above $22 on October 15, ahead of today’s notable price spike.
What is Injective (INJ)?
Injective is an interoperable L1 blockchain powering next-gen DeFi apps, including decentralized spot and derivatives exchanges, prediction markets, lending protocols, and more.
Injective offers powerful core financial infrastructure primitives that applications leverage including a fully decentralized MEV-resistant on-chain orderbook.
The decentralized cross-chain bridging infrastructure is compatible with the following blockchains:
- Ethereum
- IBC-enabled blockchains
- Non-EVM chains such as Solana
Injective also provides a next-gen, smart contract platform based on CosmWasm, focusing on security, performance, and interoperability, with advanced interchain capabilities.
Injective is custom-built with the Cosmos SDK and uses the Tendermint-based PoS consensus mechanism, offering instant transaction finality with the ability to sustain over 25,000 TPS.
INJ is the native utility and governance token of Injective.
