Injective Launches Community Buyback Program to Reduce Token Supply

According to Foresight News, CoinDesk reports that Injective has initiated a new community buyback program. Community members can contribute INJ tokens to a fund aimed at purchasing and burning tokens, thereby reducing the overall token supply. In return, participants will receive 10% of the Injective ecosystem's revenue as a reward. Data from DeFiLlama indicates that Injective's total value locked (TVL) increased by approximately 14% over the past 24 hours, suggesting a significant influx of new funds into the network. However, during the same period, the value of INJ tokens decreased by about 8%.