Hassan Maishera
On Tuesday, the Injective team announced via a blog post that the community has approved INJ Supply Squeeze, a new network monetary framework.
This permanently increases the rate of INJ supply reduction by 100%, doubling the network's deflation rate and positioning INJ among the most deflationary assets in crypto.
The INJ Supply Squeeze advances INJ into its most aggressive deflationary phase by permanently tightening issuance parameters at the protocol level. This structural upgrade reduces the rate at which new INJ enters circulation while working in tandem with Injective's existing Community BuyBack mechanism, which systematically removes INJ from the market through monthly buyback and burn events.
Injective is an open, interoperable layer-one blockchain for building powerful DeFi applications. Injective uniquely provides plug-and-play financial infrastructure primitives, such as a high-performance on-chain decentralized exchange infrastructure, decentralized bridges, oracles, and a composable smart contract layer with CosmWasm. INJ is trading at $4.619, down 3.5% in the last 24 hours.
