Injective burns 43,500 INJ tokens in record community buyback, removing $200K from circulation

Injective's Community BuyBack program achieved a record by burning nearly 43,500 INJ tokens on July 8, removing about $200,000 worth of tokens from circulation. This marks the highest community participation since the program's late 2025 launch, which permanently reduces supply and rewards contributors with a share of ecosystem revenue. The program has burned over 6.9 million INJ tokens to date, with participants earning average yields of 20-25% per round. The growing community engagement and governance initiatives like IIP-617 are expected to further enhance deflationary pressure on INJ tokens.