🔥 Injective executes its largest INJ buyback and burn to date: $315,000 @Injective completed its largest Community BuyBack round in June 2026, using over $315,000 in protocol revenue to repurchase and permanently burn INJ tokens. This amount represents a new record for the program to date. The operation was executed on June 3, 2026, setting a new high for the network’s tokenomics mechanism. How does Injective’s Community BuyBack work? The mechanism operates as follows: * A portion of the revenue generated by dApps on the Injective network is allocated to a buyback fund * This fund is used to purchase INJ tokens on the open market * The acquired tokens are permanently burned, reducing the circulating supply * In some rounds, a portion of the revenue is also distributed to participants staking INJ This system aims to create sustained deflationary pressure and align network growth with token value. Cumulative impact and Injective’s tokenomics The June 2026 round ($315,000) significantly exceeds previous rounds, which ranged between $156,000 and $196,000 in April and May. While a single execution does not meaningfully reduce the total supply, the program’s cumulative effect is progressively impactful over the long term. Injective has already burned hundreds of thousands of INJ tokens since implementing this mechanism. The initiative is part of a broader strategy to tie token value to real network usage, distinguishing it from other Layer 1 projects. Overall, the program reinforces INJ’s deflationary narrative and generates market demand each time a new buyback and burn round is executed.