Full-Time
Updated on 9/4/2026
Layer-2 DEX for decentralized derivatives
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Remote in USA
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Injective Foundation operates a layer-2 decentralized exchange (DEX) protocol that enables unlimited decentralized finance markets focused on derivatives, futures, perpetuals, and spot trading. It achieves this by running a cross-chain, layer-2 platform that conducts secure, instant, and borderless trades, with fees earned from transactions and staking services. The platform targets traders ranging from novices to professionals by offering a user-friendly interface plus advanced trading features. Compared to competitors, Injective distinguishes itself with its scalable, cross-chain L2 design that supports a wide range of markets directly on the blockchain, reducing reliance on centralized intermediaries. Its goal is to unlock the full potential of decentralized derivatives and DeFi trading by providing secure, high-throughput, and borderless access to diverse markets.
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$52.6M
Headquarters
New York City, New York
Founded
2018
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Unlimited Paid Time Off
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INJ price tanks as Injective halts block production after $4.8M exploit. INJ falters as a $4.8 million exploit forces Injective to halt block production and deploy an emergency network patch. Table of contents. * Injective mainnet stops producing blocks * INJ price reacts to security shock Key highlights: * INJ price plunged after Injective paused block production for nearly 4 hours * The halt followed an exploit targeting its binary-options mechanism, with attackers reportedly extracting about $4.9 million * Injective resumed block production with no rollback reported Injective's INJ token came under major selling pressure after the Injective mainnet halted block production for almost four hours in the wake of an exploit that allegedly drained $4.8 million. The incident forced developers to roll out an emergency patch while raising concerns across Injective's onchain financial infrastructure. Injective mainnet stops producing blocks. According to onchain researcher Rarma and QuickNode's network records, Injective stopped producing new blocks for 3 hours and 42 minutes on August 31. The blockchain stalled at block 181,027,006 before advancing to 181,027,007 after an emergency patch was deployed with no rollbacks. The halt came on the heels of an attack targeting Injective's insurance fund and permissionless binary-options market mechanism. According to an analysis, the attacker carried out 299 operations and parked 1,999 ETH ($4.88 million) in a single Ethereum address. An unofficial postmortem indicates the attacker exploited a vulnerability involving a disabled but still-registered Frontrunner oracle. With its underlying data sources removed, the oracle could be referenced when creating binary-options markets. The bad actor created hundreds of markets pointing to the compromised oracle and triggered a mechanism designed to refund traders when no valid price was available. Per analysts, the mechanism awarded compensation at 2x, allowing the attacker to extract funds multiple times. The latest exploit comes less than two months after a separate supply-chain attack compromised an Injective developer package and attempted to harvest users' private keys. A bird's-eye view indicates a surge in hacking incidents among crypto projects in 2026, with Ethereum and Solana recording the most losses. INJ price reacts to security shock. The combination of a lengthy consensus halt and a near-$5 million exploit has put additional pressure on INJ, as traders reassess the security risks surrounding the network. INJ price fell by 4% hours after the incident to trade at $4.84 after weeks of heavy sideways trading. $ 4.89 -0.56% Past 1M Meanwhile, the incident also prompted exchange-level precautions. Bitget announced a suspension of INJ deposits and withdrawals due to wallet maintenance, with resumption time to be announced. Zooming out, Injective has made keen progress, with the latest being an SEC registration as a Transfer Agent. The move made Injective the "first layer-21 blockchain" to obtain the status from the SEC, allowing it to maintain official records showing the ownership of a particular token. While a US-based spot Injective ETF is still awaiting approval from the SEC, 21Shares has launched its physical staked Injective product in Europe. Pundits tip a US launch as a key catalyst for INJ price in the future as altcoin investors scan the horizon for a market rally.
Cardano launches first IBC connection on testnet, expanding cross-chain capabilities. mungai nganga 4 hours ago (Last updated: 4 hours ago) 3 minutes read Cardano has successfully launched its first live Inter-Blockchain Communication (IBC) connection on testnet. The integration links Cardano with Injective, allowing developers to test native cross-chain transfers of ADA and INJ without relying on traditional blockchain bridges. The announcement marks the first time Cardano has established an on-chain IBC connection with another blockchain. While the integration remains in the testing phase, it represents a significant step toward expanding Cardano's presence beyond its own ecosystem and into the wider Cosmos network. What is IBC? Inter-Blockchain Communication (IBC) is an open protocol originally developed within the Cosmos ecosystem. Rather than depending on centralized or custodial bridges, IBC enables independent blockchains to communicate directly using cryptographic verification. For users, this means digital assets can eventually move between supported blockchains with fewer intermediaries, reducing security risks that have historically plagued cross-chain bridges. The new Cardano-Injective connection demonstrates that ADA can be transferred into the Injective ecosystem while INJ can move back to Cardano through a trust-minimized process on testnet. Why IBC is important for Cardano. Interoperability has become one of the blockchain industry's biggest priorities. Rather than existing as isolated ecosystems, modern blockchains are increasingly expected to interact with one another. Ethereum, Solana, Cosmos, and Avalanche have all invested heavily in cross-chain infrastructure, and Cardano is now taking a significant step in that direction. Once the technology reaches mainnet, developers could build decentralized applications that leverage liquidity and assets from multiple blockchain ecosystems instead of being limited to Cardano alone. Potential benefits include: * Native cross-chain asset transfers * Improved DeFi liquidity * Easier communication between decentralized applications * Reduced dependence on traditional blockchain bridges * Access to parts of the Cosmos ecosystem through IBC Still in the testing phase. Although the milestone is significant, the integration is not yet available on Cardano's mainnet. The current implementation is designed as a proof of concept, allowing developers to test transfers between Cardano Preprod and Injective Testnet before broader deployment. The testing period will help identify bugs, improve stability, and ensure secure interoperability before a production launch is considered. Part of Cardano's larger roadmap. The IBC milestone comes as Cardano continues to push forward with several major infrastructure upgrades. Recent ecosystem developments include work on the Leios scalability roadmap, governance improvements under the Voltaire era, and expanded support for decentralized finance applications. Together, these initiatives are designed to improve network performance while making Cardano more attractive to developers and institutional users. Interoperability is expected to play a key role in that strategy, particularly as blockchain ecosystems become increasingly interconnected. While there is no confirmed date for a mainnet rollout, Cardano's first live IBC connection demonstrates meaningful progress toward seamless cross-chain communication. If testing continues successfully, the integration could eventually allow ADA holders to interact more easily with applications across the Cosmos ecosystem. It will also bring additional liquidity and use cases to Cardano itself. For a network that has long prioritized security and methodical development over rapid deployment, the successful IBC testnet launch represents another important milestone in Cardano's long-term evolution. Administrator
Cardano and Injective activate first on-chain IBC rail for cross-chain liquidity. Cardano and Injective have launched a live Inter-Blockchain Communication (IBC) link on testnet, opening the first direct on-chain rail for bidirectional ADA and INJ transfers without relying on custodial bridges. Why IBC matters for cross-chain security. The choice of IBC over a conventional custodial bridge is deliberate. Insecure, custodial bridge implementations have historically been exploited when malicious actors gain control of a majority of validators and drain funds. IBC, by contrast, offers a trust-minimized environment where the security model rests on the guarantees of each chain's own light clients. In practical terms, there are no trusted third parties in IBC's architecture. IBC allows blockchains to transfer any kind of data encoded in bytes, including tokens, messages, and arbitrary application logic. It is secure, permissionless, and designed to connect sovereign blockchains into a single interoperable network. The protocol has already been adopted by more than 115 sovereign chains. Technically, connections are established through a handshaking process that requires both blockchains to run a light client of the counterparty chain. These light clients track consensus information and enable state verification. Once live, the blockchains can open a connection for authorised communication. Progress toward a broader interchain footprint for Cardano. The Injective testnet integration is part of a wider push by Cardano to extend its interoperability reach. Earlier this year, pull requests were submitted to Injective and Osmosis to integrate the Cardano light client, representing further progress toward IBC connectivity, a standard protocol that enables different blockchains to communicate and transfer data. By implementing IBC, projects in the Cardano ecosystem can bridge to Cosmos SDK chains and the broader interchain ecosystem, which comprises over 115 interconnected blockchains. For Injective, the integration aligns with its stated aim of consolidating cross-chain liquidity and settlement on a single finance-native layer. Injective's broader strategy for 2026 centres on bringing settlement, tradable assets, a regulated on-ramp, and an Ethereum-compatible build environment onto one network where they share state and liquidity. The live connection has been verified through transaction hashes on both the Injective testnet and the Cardano preprod explorer, providing on-chain confirmation of the channel's activity. A mainnet deployment timeline has not yet been announced by either team. (Advertisement)
Cardano and Injective unlock first Live IBC link, bringing ADA and INJ across two ecosystems. Key Takeaways: * Cardano and Injective have enabled its first live IBC connection on testnet. * The integration allows ADA and INJ to seamlessly navigate the two different ecosystems. * The launch is a significant step towards bigger interoperability efforts within Cardano. User Score After launching the first testnet Inter-Blockchain Communication (IBC) with Injective, Cardano has made a significant stride toward cross-chain interoperability. The milestone establishes direct communication between the two blockchain ecosystems and opens new possibilities of using both ADA and INJ. Cardano and Injective Activate Live IBC Testnet Injective announced that it has become the first blockchain to establish a live onchain rail to Cardano via IBC on testnet. The integration will make ADA accessible in the Injective ecosystem, and INJ will be available on Cardano's side once the testnet function is used properly. JUST IN |: Cardano is now officially connected to Injective, the first blockchain to have a live onchain rail to Cardano via testnet.$ADA is coming to Injective. $INJ is coming to @Cardano. Both will be available across the two ecosystems. pic.twitter.com/ECnexrfx8c It is running in testnet to help developers test cross-chain transfers and interactions between applications prior to any full-scale deployment. IBC addresses the issue of intermediaries in traditional token bridges by allowing blockchain networks to interact at the protocol level. Expanding Cross-Chain Utility About the new connection that's more than a transfer of assets. It lays technical foundations for decentralized applications to communicate with one another and interact between blocks over both networks. A New Path for ADA and INJ Now, developers are able to get started experimenting with cross-chain applications, blending Cardano's ecosystem with Injective's decentralized finance infrastructure. Built on top of the Cosmos SDK, Injective already natively has IBC support. Cardano's Extended UTXO architecture was different from the account-based design of other Cosmos chains and therefore required some engineering work to integrate with Cardano. Both ecosystems can benefit from new opportunities for liquidity, decentralized finance (DeFi) and future application development, thanks to this working interoperability layer. Testnet First, Mainnet Later While being a big technical accomplishment, the integration is not production-ready yet. That means ADA and INJ holders will not immediately gain production-ready cross-chain functionality. Developers are expected to use the testing period to evaluate network stability, compatibility, and security before any mainnet deployment is considered. No launch date for a mainnet release has been announced by either project. Cardano Pushes Its Interoperability Strategy The latest milestone reiterates Cardano's larger journey to go over and beyond the native ecosystem. It has taken 2 years to develop infrastructure that will connect Cardano to a greater part of the wider interchain ecosystem powered by IBC work. The partnership enriches Injective's access to one of the biggest proof-of-stake blockchain communities. It satisfies a significant emerging need for Cardano to become more interconnected with external blockchain networks. The live IBC connection could pave the way for a wider appetite towards asset transfers across different chains, decentralized applications and liquidity sharing between Cardano, Injective and further IBC supported blockchains when the technology moves to the mainnet.
Why is Injective (INJ) up 6.50% today, August 12? A modest rebound meets a mixed daily structure. AI Market Summary Injective (INJ) gained 6.50% in 24 hours, outperforming a flat-to-slightly lower broader crypto market, suggesting token-specific positioning rather than macro beta. The move is framed as a technical rebound with active turnover, but with no confirmed same-day fundamental catalyst. Structure remains mixed: short-term averages were reclaimed while medium-term trend measures and nearby resistance remain unresolved, keeping follow-through sensitivity elevated. Impact level Affected assets INJ/USDT +4.04% AI Insight · INJ/USDT AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly. Injective (INJ) is up 6.50% as a modest rebound tests a mixed daily structure, with $4.74 acting as the key confirmation level. 3 key takeaways: INJ's 6.50% gain is a technical rebound. 1. INJ outperformed a flat broader market: the token gained 6.50% in 24 hours to $4.61, pointing to token-specific positioning rather than a market-wide rally. 2. No confirmed same-day catalyst has emerged: available evidence supports a technical and positioning-led rebound rather than a fresh protocol development. 3. The recovery remains incomplete: INJ has defended nearby support, but it still trades below key medium-term reclaim levels needed to strengthen the trend. INJ rises 6.50% as a modest rebound meets a mixed daily structure. Injective (INJ) rose 6.50% over the past 24 hours to $4.61 as of 02:48 UTC on August 12, lifting its market capitalization to about $461.17 million. The move came while total cryptocurrency market capitalization stood near $2.272 trillion, down 0.04% over the same period. INJ recorded roughly $69.10 million in 24-hour trading volume, equal to a 15.0% turnover rate against market capitalization. That activity shows active participation around the rebound, though it does not establish a fresh protocol-specific catalyst. The current advance reads as a modest recovery within a still-mixed daily technical structure. What is Injective in 2026? Injective is a blockchain network built for decentralized finance applications, with infrastructure designed for trading, derivatives, prediction markets, lending, and other on-chain financial products. Its architecture focuses on application-specific financial primitives and cross-chain connectivity. INJ is the network's native token. It supports functions across the ecosystem, including network security, governance, transaction-related activity, and participation in protocol mechanisms. Token performance can be influenced by broader crypto liquidity, network adoption, ecosystem announcements, and supply concentration. Why is Injective (INJ) up 6.50% today, August 12, 2026? 1. Technical rebound holds above $4.54. INJ held above the nearby $4.54 support area and rose to $4.61 within its recent $4.29 to $5.47 range. About $69.10 million in 24-hour volume, equal to a 15.0% turnover rate against market capitalization, shows active participation in the bounce. 2. No confirmed same-day protocol catalyst. No Injective-specific announcement or independently confirmed event was identified on August 12 to explain the move. The gain therefore appears more consistent with technical positioning than a confirmed fundamental repricing, leaving $4.74 as the first key test. 3. Cross-Chain context and relative strength. Cardano-Injective interoperability through the Inter-Blockchain Communication framework was reported during the prior week, adding context to the ecosystem narrative but not a confirmed explanation for this rally. INJ also outperformed while the total crypto market was marginally lower, which may reflect short-term token-specific demand. Technical outlook for INJ in August 2026. INJ has improved from its recent lows, though the daily chart has yet to confirm a broader trend reversal. Price action near $4.61 places the token above its shortest moving-average reference points while leaving several higher resistance and trend measures unresolved. Moving Average Structure: INJ trades above the 7-day simple moving average at $4.53 and the 7-day exponential moving average at $4.56. The 30-day simple moving average sits higher at $4.89, while the 30-day exponential moving average stands at $4.79. This setup shows near-term recovery inside a weaker medium-term structure. The 200-day simple and exponential references sit near $4.12 and $4.50. RSI Momentum: RSI(7) is 50.57, while RSI(14) and RSI(21) are 46.83 and 47.09. These readings place momentum near neutral, with short-term buying improving and no clear upside momentum expansion yet. MACD Signal: The MACD reading is negative at -0.12892, below its signal line at -0.08670, with a histogram of -0.04222. This points to lingering downside momentum on the daily structure even as spot price attempts a recovery. Support and Resistance Levels: Initial support sits at $4.54, followed by $4.29. Initial resistance stands near $4.74, with further reclaim levels at $4.88 and $5.02. Breakout Confirmation and Invalidation: A daily close above $4.74 with sustained volume would improve the short-term recovery case. A move back below $4.54 would place the lower range boundary in focus, while a break below $4.29 would invalidate the immediate rebound thesis. The technical picture supports caution around the current rally. INJ has reclaimed short-term averages and defended a nearby support zone, yet it remains below key 30-day trend references. The clearest data-led conclusion is that INJ's 6.50% gain represents a rebound attempt, with $4.74 serving as the first meaningful confirmation level. Conclusion: INJ's 6.50% rebound faces a $4.74 confirmation test. Injective's 6.50% rise to $4.61 has lifted the token above near-term support and short-term moving averages, supported by $69.10 million in 24-hour volume. Yet no confirmed same-day catalyst has emerged, and the daily technical picture remains mixed. Bull case: A completed daily close above $4.74 with sustained volume would strengthen the recovery signal and bring $4.88, then $5.02, into focus. That outcome would show buyers extending the move beyond the first overhead decision zone. Base case: INJ holds $4.54 while repeatedly testing $4.74. This would keep the token inside its established range and frame the current move as a tradable rebound rather than a confirmed broader reversal. Bear case: A completed daily close below $4.54 would shift attention to $4.29. A break below that lower range boundary would invalidate the immediate rebound thesis, while concentrated whale ownership could amplify price and liquidity swings. The next signal sits at $4.74. Holding above that level could open a test of $4.88 and $5.02, while rejection would keep INJ inside its established range. With 83.05% of supply concentrated among whale addresses, volatility and liquidity conditions remain central risks as the rebound develops.