Injective burns over 7.2 million INJ through its buyback and revenue flywheel

Injective has now burned more than 7.2 million INJ, permanently removing those tokens from circulation. The milestone comes through a mix of its monthly Community BuyBack program and an earlier burn auction. How the Injective buyback machine works Participants commit INJ to a monthly Community BuyBack event. In return, they receive a portion of revenue generated across the Injective ecosystem. Once that revenue is distributed, the committed INJ is burned for good. Each round accepts commitments only within set limits, so participation is capped per event. The revenue pool itself is funded by a percentage of income from decentralized applications and other activity on the network. The numbers behind the burn The headline figure is over 7.2 million INJ burned to date. That cumulative total reflects both the current buyback system and a previous burn auction mechanism. Across its first four rounds, the improved monthly program burned 178,338 INJ and distributed $776,344 in revenue shares to participants. Average yield in the early rounds of the program reached approximately 23.9%. Historically, the buyback has offered average yields of approximately 20-25% per round. The program has a...