Injective Protocol is a decentralized exchange (DEX) built on top of the Cosmos SDK. It aims to provide fast, secure, and fully decentralized trading of various assets, including derivatives. It uses Tendermint consensus and allows users to trade directly from their wallets, eliminating the need for intermediaries.
The protocol's unique feature is its use of the Ethereum Virtual Machine (EVM) to enable cross-chain trading, allowing users to trade assets from different blockchain networks seamlessly. Injective Protocol's native token, INJ, is used for governance, staking, and fee payments on the platform.