What is Injective's market cap?

Multiply the live INJ price by the circulating supply — around 100 million INJ as of 5 August 2026. The calculator above loads the current price and does this for you; the result updates the moment you change either field.

How do I calculate the INJ price at a given market cap?

Divide the target market cap by the circulating supply. The comparison field above does it directly and also shows the multiple against today's INJ price, which is usually the more sobering number.

What is Injective's fully diluted valuation?

FDV prices all 100 million INJ at the current price, including coins not yet circulating. The difference between FDV and market cap is the supply still to enter the market — worth knowing before you treat market cap as the whole picture.

How do you calculate crypto market cap?

Market cap = current price × circulating supply. A coin at $2 with 500 million coins in circulation has a $1 billion market cap. Note that it is circulating supply, not total supply — tokens still locked in vesting contracts or a treasury are excluded.

What is the difference between market cap and FDV?

Market cap uses only the coins in circulation today. Fully diluted valuation (FDV) prices every coin that will ever exist, including locked and unminted supply. A project with a $200M market cap but a $2B FDV has 90% of its supply still to hit the market.

Injective · INJ

Injective Market Cap Calculator

Calculate Injective (INJ) market cap from the live INJ price and circulating supply — plus FDV, and the price INJ would need to reach any target valuation.

Result

Enter values to see the result.

Using the Injective Market Cap Calculator

Market cap is simply the live INJ price multiplied by the number of coins in circulation, and this page does that with the current price loaded for you. The supply field starts at roughly 100 million INJ, which is where it stood on 5 August 2026 — supply moves, so check it against a market data source if you need an exact figure, and edit the field.

Injective's supply is bounded at 100 million INJ, so the fully diluted valuation is a real ceiling rather than an open-ended one. The MC/FDV row shows how much of that supply is already trading: the closer it is to 100%, the less future dilution is waiting for you, and for INJ that gap is currently 100%.

The comparison field answers the question people actually come here for: what would INJ be worth at some other valuation? Enter a target market cap and the calculator returns the implied INJ price and the multiple from here. It is arithmetic, not a forecast — reaching a larger cap means absorbing every holder willing to sell on the way, and iNJ has a small supply relative to its market cap, which cuts both ways: rallies are sharp, and so are the reversals.

Injective at a glance

Launched: Mainnet 2021
Consensus: Proof-of-stake (Cosmos SDK, Tendermint)
Total supply: 100,000,000 INJ
Order book: Built into the chain, shared by every application on it
Burn: Weekly auction of collected fees; the winning INJ is burned
Native staking: Yes — delegate to a validator

Frequently asked questions

What is Injective's market cap?: Multiply the live INJ price by the circulating supply — around 100 million INJ as of 5 August 2026. The calculator above loads the current price and does this for you; the result updates the moment you change either field.
How do I calculate the INJ price at a given market cap?: Divide the target market cap by the circulating supply. The comparison field above does it directly and also shows the multiple against today's INJ price, which is usually the more sobering number.
What is Injective's fully diluted valuation?: FDV prices all 100 million INJ at the current price, including coins not yet circulating. The difference between FDV and market cap is the supply still to enter the market — worth knowing before you treat market cap as the whole picture.
How do you calculate crypto market cap?: Market cap = current price × circulating supply. A coin at $2 with 500 million coins in circulation has a $1 billion market cap. Note that it is circulating supply, not total supply — tokens still locked in vesting contracts or a treasury are excluded.
What is the difference between market cap and FDV?: Market cap uses only the coins in circulation today. Fully diluted valuation (FDV) prices every coin that will ever exist, including locked and unminted supply. A project with a $200M market cap but a $2B FDV has 90% of its supply still to hit the market.

More INJ calculators

Injective Profit Calculator

Free Injective (INJ) profit calculator. Enter your buy and sell price to see INJ profit, loss, ROI and fees — prefilled with the live INJ price.

Injective DCA Calculator

Free Injective (INJ) dollar-cost-averaging calculator. Model recurring INJ buys to see coins accumulated, average entry and portfolio value at today's live price.

Injective Average Buy Price Calculator

Work out your weighted average Injective (INJ) entry price across multiple buys — and see exactly where your break-even sits.

Injective Staking Calculator

Estimate Injective (INJ) staking rewards over any period. Prefilled with a typical INJ reward rate and the live INJ price — edit both to match your validator.

Injective Liquidation Price Calculator

Find the exact Injective (INJ) price that liquidates your leveraged position. Prefilled with the live INJ price — set your leverage and direction.

Prefer the generic version without INJ presets? Open the Crypto Market Cap Calculator.

For educational purposes only. Rates, fees and protocol parameters change — verify current figures with your exchange or validator before acting. Not financial advice.