The Injective Protocol is a layer-2 decentralized finance (DeFi) protocol for cross-chain derivatives trading. The Injective Protocol enables cross-chain derivatives trading on Cosmos, Ethereum, and other layer-1 blockchain networks. Injective's decentralized exchange employs a number of cutting-edge technological advancements that provide fast network speeds, superior security, and a high degree of decentralization. Structure of Injective Protocol Exchange The Injective Protocol is a decentralized exchange (DEX) protocol with advanced capabilities like cross-chain margin trading, derivatives, FX, synthetics, and futures trading. Injective was created as a truly decentralized, permissionless, and high-performance exchange system with no gas fees. This is accomplished using