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Injective burns over 7.2M INJ tokens via buyback, reducing supply and rewarding participants.

Protocol Fundamentals
21 Oct 2026
Crypto Briefing
View Source
Bullish
Injective burns over 7.2M INJ tokens via buyback, reducing supply and rewarding participants.

Injective has permanently removed over 7.2 million INJ tokens from circulation through its monthly Community BuyBack program and an earlier burn auction. Participants commit INJ tokens to the buyback events and receive a share of ecosystem revenue before their tokens are burned, effectively reducing supply and incentivizing engagement. The program has delivered average yields of around 20-25%, with the latest rounds burning 178,338 INJ and distributing $776,344 in revenue shares. This approach supports long-term value for holders by tying token burns directly to network usage and revenue, distinguishing Injective among Layer-1 blockchain networks.

Injective's INJ token is trading at Rp155,450 on Pluang as of Oct 21, 2026 22:03 WIB. The token has seen a 3.90% decline in the past day, with a market cap of Rp15.69 trillion. Pluang data shows a higher sell activity at 69%, while typical holders keep their INJ for about 38 days.

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