At a Glance
- Injective passed IIP-617 with 99.89% community approval
- New mechanism doubles the pace of INJ token burns
- 6.85 million INJ already removed since 2021
- Why it matters: Faster supply cuts could shift INJ toward long-term deflation
Injective’s community has green-lit a fresh deflationary weapon. The layer-1 blockchain will now accelerate how quickly its native INJ tokens leave circulation, building on years of burn campaigns.
The Vote That Sealed the Squeeze
On January 15, Injective floated IIP-617 to its users. Within days, the proposal cruised through with 99.89% voting in favor. The plan: crank up the built-in burn rate so that every on-chain action deletes more INJ than before.
Since mainnet launch in 2021, Injective has hunted for ways to make INJ scarcer. Early tactics included routine token burns. In October 2025, the network added Community BuyBacks-automated purchases that immediately send INJ to a burn address. Together, these moves have already erased 6.85 million tokens permanently.
How the Supply Squeeze Works
The new mechanism, dubbed the INJ Supply Squeeze, layers on top of existing tools. Every transaction that once burned a small slice of INJ will now burn twice as much. The Community BuyBack program remains active, meaning the protocol still buys tokens on the open market and destroys them.
Injective’s team framed the shift as a structural upgrade. “By doubling the rate of deflation and pairing it with systematic token buybacks, Injective is reinforcing its scarcity,” the announcement stated.
Voices From Inside the Project
Co-founder Eric Chen framed the vote as a watershed moment:
“The INJ Supply Squeeze spearheaded by the Injective community represents a decisive step in the evolution of Injective’s monetary design… positioning INJ as a long-term deflationary asset aligned with the growth of the ecosystem.”
Chen’s statement, posted shortly after the vote closed, underlines the team’s belief that faster burns will tighten supply as network activity grows.
Price Picture Remains Stagnant
Deflationary policies usually aim to boost price by shrinking available supply. Yet INJ has not staged a sustained rally. At press time, the token trades at $4.64, roughly where it has hovered for weeks despite the ongoing burn campaigns.
Market watchers note that broader crypto sentiment and limited retail buzz around Injective may be capping upside. Still, the project is betting that a structurally smaller float will pay off once adoption accelerates.
Looking Ahead
Injective plans to monitor burn metrics in real time, adjusting parameters if needed through future governance votes. For now, holders can track the rising cumulative burn count via the public dashboard the team maintains.
Key Takeaways
- IIP-617 passed with near-unanimous support
- Burn rate doubles, keeping BuyBacks intact
- 6.85 million INJ already destroyed
- Token price remains flat at $4.64
