- The L1 project burned over 6.7 million tokens in its first community buyback.
- This initiative aims to reward active network participants.
- Another share buyback is scheduled for November, strengthening Injective’s deflation mechanism.
Injective took to
The team revealed that 6.78 million INJ coins worth approximately $32.28 million were burned in the event.
first $INJ Community BuyBack is now officially complete!
Injective is the only chain that rewards the community directly through token buybacks.
1. INJ is burned forever
2. The community earns from a pool of rewards for contributions.Please look forward to the next video in November 🔥 pic.twitter.com/5KUiMDiyaI
— Injection 🥷 (@injective) October 29, 2025
Strategic initiatives set Injective apart from most blockchain projects, making asset buybacks a community-driven event.
Instead of foundations or teams repurchasing tokens and burning them privately, Injective prioritizes user participation.
Layer 1 networks create a system that merges deflation and community incentives.
This approach allows active network participants to benefit from Injective’s expanding ecosystem and align rewards between INJ holders, traders, and developers.
The announcement is as follows:
Injective is the only chain that rewards the community directly through token buybacks.
Notably, Injective held its first community buyback event for the public on October 23rd, with the actual buyback and token burn occurring a week later on October 27th.
Injective’s unique stock buyback strategy
Injective’s community buyback mechanism adopts two powerful yet simple methods.
Among other things, the platform permanently burns native tokens to reduce the overall supply.
Second, a portion of the value is distributed to reward users who contribute to the INJ ecosystem.
According to the official blog:
Community BuyBack is a monthly on-chain event where anyone can participate in Injective’s deflation mechanism. Participants pledge INJ and in return receive a proportional share of the revenue generated by the Injective ecosystem. Exchanged INJ is permanently burned, reducing the total supply of INJ.
In particular, the Community BuyBack basket consists of various tokens, including USDT and INJ, worth 10,000 Injective tokens.
This design introduces a strong deflationary model while also incentivizing loyal users.
Injective maintains transparency by making all redemption information available on the dashboard.
Adopting a Deflationary Economy with a Twist
Injective’s recent announcement is part of its broader mission to build a community-driven, sustainable token economy.
By burning the native token every month, the project aims to reduce INJ inflation while encouraging long-term holding.
Most projects in the decentralized finance sector are embracing these mechanisms.
However, Injective has added an important twist that involves users in the process.
In addition to strengthening trust, this approach ensures that INJ holders remain engaged in the growth of the ecosystem.
Additionally, any redemption permanently reduces the supply of circulating assets, allowing holders to benefit from scarcity.
The next incineration is scheduled to take place next month, in November.
INJ price outlook
Native tokens have remained relatively quiet over the past 24 hours as bears move the broader market.
INJ is trading at $8.66. Compared to last week, it has consolidated between $9 and $8, up more than 3% over the period.
Daily trading volume rose 17%, signaling renewed optimism following the share buyback announcement.
Nonetheless, broad market sentiment will likely influence the price trajectory of altcoins in the coming sessions.