Injective as a Layer 1 solution: Injective serves as an innovative Layer 1 blockchain tailored for DeFi and other fields. Its advanced infrastructure facilitates rapid application deployment across various chains, supported by a robust community of over 500,000 participants.
Speed and throughput capabilities: Injective offers exceptional transaction processing capabilities with block times of just 0.6 seconds and an impressive throughput of 25,000 TPS. This allows it to maintain HIGH performance, accommodating various financial applications.
The significance of the INJ token: The INJ token plays a crucial role in governance and security within the Injective ecosystem. It incentivizes transaction activities, and 60% of fees are used for buybacks and burns to support its deflationary model.