Injective wallet

What is Injective (INJ)?

Before INJ had a chain of its own, it was an ERC-20 token on Ethereum, and that history still shapes how it is held today. Injective is now a Layer 1 built on the Cosmos SDK with proof-of-stake consensus, and its native coin is the INJ that pays fees, secures validators and votes in governance there. Addresses on the native chain start with "inj1". The older ERC-20 INJ did not disappear: it moves between Ethereum and the native chain through Injective's own bridge, and a BEP-20 version circulates on BNB Smart Chain as well. Three tokens with the same ticker, three different balances, and none of them is interchangeable with another without a bridge in between.

The chain itself is a set of ready-made financial modules - an on-chain order book, derivatives, auctions, oracles - that developers assemble into exchanges and markets instead of writing them from scratch. INJ also has a burn mechanism built into the protocol: a share of fees collected by applications on Injective is periodically auctioned off, and the INJ paid for that basket is destroyed. That is a design property of the supply, not something a holder does or receives.

What this means for holding it

On an EVM network, INJ is a token contract, so gas is paid in that network's own coin - ETH or BNB - and an INJ balance alone cannot move itself. Staking and governance work only with the native coin on the Injective chain; a bridged ERC-20 or BEP-20 balance sits still until it is bridged back.

In Tangem each version of INJ is its own line with its own balance, and when you send, the line you start from is the network the transfer leaves on. Supported networks in Tangem (3): Ethereum, BNB Smart Chain, Solana. The point is that the choice is yours and visible, not buried in a default, and with a coin that exists in several shapes that visibility is exactly what a holder needs.