Injective Surpasses 7M INJ Burn Milestone, Distributes $776,000 to Community

Injective has burned 7 million INJ and distributed $776,000 to its community through a deflationary tokenomics model that ties token burns to ecosystem revenue. The Community BuyBack program allows INJ holders to commit tokens and receive a share of revenue generated across the Injective ecosystem, which is then burned onchain. The program has produced a 49% increase in burns from Round 223 to Round 226.