One DEX platform that has begun to gain traction is Injective(INJ), an interoperable layer-one protocol designed to facilitate the creationof cross-chain Web3 decentralized finance (DeFi) applications.
Data shows that after hitting a low of $3.91 on Feb. 3, theprice of INJ has flaunted its gain of 157.8% to a daily high of $10.08 on Feb.11 amidst a 1,756% spike meaning the immense rocket price of its initial andafter price gains in its 24-hour trading volume to $306 million.
Three reasons for the spike in demand for INJ include theaddition of support for new assets in spot and perpetual markets, the releaseof Injective Bridge v2 and a climbing total value locked on the protocol as aresult of staking and the addition of new assets.
