Injective is an interoperable Layer 1 (L1) blockchain dedicated to building DeFi applications, designed to be a truly decentralized, trustless, and publicly verifiable system. INJ, the native utility and governance token of Injective Protocol, plays an important role in protocol and ecosystem governance, derivative collateralization, protocol security, market making, relayer incentives, and protocol fee value capture. In addition, the INJ token has a unique “burn auction” mechanism, which facilitates the value accrual for the entire Injective ecosystem.