Injective's latest community buyback has just been completed, destroying 43,199.43 INJ this time. At this rate, by the first half of 2026, the total destroyed INJ is expected to exceed 7 million.

How does this mechanism work? Essentially, the protocol uses the fees generated each time to buy back INJ on the market, then permanently burn the purchased tokens. It sounds simple, but in reality, it continuously reduces the circulating supply of INJ.

Why is this meaningful for the ecosystem? From several perspectives:

First, the destroyed INJ comes entirely from on-chain real fees. This is not an arbitrary number, but a direct reflection of actual network usage. The more active user transactions are, the higher the fees, and the faster the burn rate.

Second, in the long term, this can gradually alleviate inflationary pressure. The supply is continuously decreasing, and the token's scarcity will gradually increase. For holders, this provides an invisible value appreciation guarantee.

Additionally, the entire process is community-driven, with high transparency. You can clearly see the specific numbers and timing of each burn.

As a Layer1 public chain focused on finance, Injective has recently experienced relatively cautious market sentiment, and the token price is also at a relatively low level. But interestingly, the burn mechanism has always been operating steadily, providing solid fundamental support for long-term holders.

Ultimately, Injective is using a continuously transparent buyback and burn mechanism to turn actual on-chain usage into deflationary momentum. It enhances token scarcity while laying the foundation for the ecosystem's long-term value. Despite short-term market caution, this community-driven deflationary model combined with solid financial infrastructure deployment demonstrates INJ's unique fundamental resilience in the Layer1 track.