Validators process transactions and receive transactions fees (supply-side fees).

Injective is a smart contract platform for decentralized finance applications (a blockchain) and an orderbook exchange protocol. Injective was founded by Eric Chen, Albert Chon etc. and launched in 2020. Note that this dashboard only tracks Injective's blockchain business.

INJ holders own and govern the protocol. They currently take a cut of the total transaction fees paid by users (revenue) via Burn Auctions. Injective's investors include Binance, Jump Crypto, Mark Cuban, etc.

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Injective

# Injective Maximum token supply Methodology

## 1. Overview

The Injective maximum token supply metric represents the protocol-defined maximum number of INJ tokens that can ever exist. This is a fixed constant of 100 million tokens established by the Injective protocol's tokenomics design. The metric provides a daily time series of this maximum supply value from the token's launch date through the present, serving as a reference point for calculating supply ratios, inflation rates, and other token economics analyses.

## 2. Data sources

- **Protocol specifications**: Injective project's tokenomics documentation and governance materials that define the maximum token supply cap
- **Token contract parameters**: Smart contract specifications that enforce the maximum supply limit
- **Launch date information**: Official project records establishing the token launch date

## 3. Step-by-step calculation

### Component A: Maximum supply definition
- **Purpose**: Establishes the fixed maximum token supply value and launch timeline
- **Logic**: Sets a hardcoded maximum supply of 100,000,000 INJ tokens based on the protocol's tokenomics design. Defines the token launch date as October 21, 2020 at midnight UTC. Configures daily timestamp granularity for consistent reporting.
- **Key fields**: `timestamp` (launch date), `token_supply_maximum` (100 million tokens), `timestamp_grain` (daily)

### Final aggregation
- **Time series generation**: The finalize macro applies a fill-forward strategy to create daily records from the launch date through the current date
- **Data consistency**: Each day receives the same maximum supply value of 100 million tokens since this is a protocol constant that never changes
- **Project identification**: Records are tagged with the 'injective' identifier for integration with other Injective protocol metrics
- **Final calculation**: The metric value remains constant at 100,000,000 tokens for every day since the October 21, 2020 launch date, providing a stable reference point for token supply analysis

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

InjectiveINJ

Maximum token supply

Maximum token supply

Competitive landscape