Cosmos-based layer 1 blockchain Injective has released gas compression, a new feature that offers users exceptionally low transaction costs, removing significant barriers to entry and participation, according to a recent blog post.

With transaction costs at around $0.0003, Injective is currently the cheapest option among layer 1 networks, offering lower fees than Solana, which has a rate of $0.0045. Users can participate in decentralized applications (dApps), lending, minting non-fungible tokens (NFTs), governance, and staking without worrying about high fees. 

“This positions Injective as not just a leader in the L1 space but also as the most scalable and affordable blockchain platform in existence, opening doors to a multitude of possibilities for developers, users and institutions alike,” stated Injective Labs in its blog post.

Injective also highlights a seamless transition to the new, lower gas fees across its entire ecosystem of tools and products, guaranteeing a frictionless experience for users. Moreover, dApps on the platform can readily seize the benefits of reduced c

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Author: Vivian Nguyen

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