| Fully Diluted Valuation | $553,658 |
|---|---|
| 24H Trading Volume | $37 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 537.11M |
| Total Supply | 592.60M |
| Max Supply | 592.60M |
| Categories | DEAD 1 more |
|---|---|
| Founder | Anonymous |
| Website | injex.fi |
| Socials | |
| Chains | Injective Ecosystem |
| Contracts |
facto..../injx
|
| Name | Pair | OG Score |
|---|
Injex Finance is a decentralized finance (DeFi) aggregator built on the Injective network that helps users find the best prices and liquidity for asset swaps. By searching across multiple decentralized exchanges (DEXes) within the Injective ecosystem, Injex ensures users get the most favorable exchange conditions without the need to manually compare prices.
The DeFi Market in 2024
Despite the ongoing bear market, the DeFi sector remains strong, with over $107 billion locked in DeFi protocols. Active wallets have increased by 271% since 2022, showing growing interest in decentralized finance. Key areas of growth include lending and borrowing, decentralized exchanges, liquidity staking, and derivatives. However, the high demand for liquidity in these markets has resulted in issues like high slippage and rising network fees.
The Need for Aggregators
To solve the liquidity challenges, aggregators like 1inch, Matcha, and Paraswap have become popular. These platforms aggregate liquidity from various DEXes, ensuring users get the best prices with minimal slippage. However, there hasn’t been an aggregator dedicated to the Injective network—until now.
The Injective Ecosystem
Injective is a unique blockchain that combines the speed of centralized order books with the security and transparency of decentralized networks. Launched in 2021, the Injective mainnet now supports over 260 products and has seen its total value locked (TVL) more than double in 2024, reaching over $60 million. The network’s native token, $INJ, is ranked among the top 50 cryptocurrencies.
Injex Finance's Role
Injex Finance is designed to make asset swaps easier and more efficient on the Injective network. Users can exchange assets across multiple DEXes, including Helix, Astroport, DojoSwap, and White Whale, without relying on just one exchange for liquidity. Injex doesn’t hold user funds; it acts as a gateway to help users find the best prices, reducing costs and slippage.
Future Plans: Smart Auto Routing
The upcoming version of Injex will introduce a new feature called "Smart Auto Routing," which will automatically find the best route for asset swaps. This could involve using different pairs and DEXes to ensure the best liquidity and pricing, making the process even more seamless for users.
Conclusion
Injex Finance is addressing a clear gap in the DeFi space by providing an aggregator for the Injective network. With its focus on minimizing slippage and optimizing asset swaps, Injex is set to become an essential tool for DeFi users looking to maximize their returns within the Injective ecosystem.
Injex Finance (INJX) stands out as a DeFi aggregator specifically built for the Injective network, offering liquidity aggregation across multiple decentralized exchanges (DEXes) to provide users with the best prices and minimal slippage. Its "Smart Auto Routing" feature, coming in the next version, will further enhance trading efficiency by automatically selecting the optimal routes for asset swaps.
The specific founders of Injex Finance (INJX) are not disclosed publicly. However, the project is part of the growing Injective ecosystem, which is known for its developer-friendly environment that supports the creation of innovative DeFi protocols.
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