The project’s native token INJ is on the rise after Layer-1 (L1) blockchain protocol Injective announced that it has raised $150 million in ecosystem funding.
In the post he published on the Injective official blog page, $150 million ecosystem fund and with this fund decentralized finance (DeFi) and interoperability infrastructure announced that it will support the projects
the fund in question Pantera Capital, Kucoin Ventures, Jump Crypto, IDG Capital, Gate Labs, Delphi Labs, Flow Traders and Kraken Ventures It was supported by many crypto money investors, including.
Co-founder and CEO of Injective Labs Eric Chen In his statement on the subject, he stated that the size of the fund to be given to the projects in terms of success is the current project. to the state and needs according to change He said he could show it.
With the news hitting the market, the project’s native token INJ started to rise. At the time of the announcement $1.93 levels found INJ, close to 26% experiencing the rise $2.45 levels reached. Then some decrease living altcoin, at the time of writing from $2.34 is being traded.