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Injective has taken a major step toward redefining its token economy with the completion of its first community buyback.
Author: Sahil Thakur
3rd November 2025 – Injective has taken a major step toward redefining its token economy with the completion of its first community buyback. In October 2025, the blockchain successfully completed its first Community BuyBack, a new monthly on-chain event that replaces the older Burn Auction system.
Unlike the previous model, where only one winner received rewards, the new system rewards everyone who participates. Users can commit their $INJ tokens to a shared pool and, in exchange, earn a proportional share of the ecosystem’s monthly revenue. These earnings come from dApps across DeFi, real-world assets, and perpetual markets. Meanwhile, all committed $INJ is used to buy back and permanently burn more tokens from the open market.
This creates a reinforcing loop: ecosystem growth drives revenue, which fuels buybacks, reduces supply, and boosts rewards for token holders.
The initiative began on October 22, when Injective released a teaser announcement. The next day, on October 23, the program officially launched on Injective Hub. Within 24 hours, all available slots were filled. Due to overwhelming demand, Injective added 90 more slots to allow more users to join.
By October 29, the buyback went live at around 12:36 UTC, and a few hours later, the team confirmed that the first burn had been executed on-chain. Finally, on November 2, Injective shared the complete results with the community, reinforcing its focus on transparency.
During the first round, participants committed more than 2.5 million $INJ in less than a day. Using those funds, the protocol purchased and burned 6.78 million $INJ, removing that amount permanently from circulation. The average execution price stood at roughly $4.76, bringing the total burn value to over $32 million.
In return, the community received over 10,700 $INJ and additional rewards in other tokens such as USDT. Many participants reported short-term returns between 20% and 31%, with some describing the event as the most rewarding initiative Injective has ever launched.
Despite broader market pressure that briefly pushed $INJ’s price down, the network’s total value locked jumped 14% within 24 hours of the buyback, signaling renewed investor confidence.
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The process is straightforward and fully transparent.
This approach eliminates gas wars and bidding contests entirely. Every transaction can be verified on-chain, offering users full confidence in the system’s integrity.
The Community BuyBack is more than just another token event. It transforms Injective into a truly deflationary network. So far, the project has burned over 13 million $INJ since launch, steadily reducing its 100 million maximum supply.
More importantly, the program turns real ecosystem revenue into direct yield for participants. Instead of funding centralized “ecosystem reserves,” Injective redistributes income straight to the community.
Institutions are already taking notice. NYSE-listed Pineapple Financial ($PAPL) used the buyback to manage part of its $100 million $INJ treasury, while Kraken recently joined the network as a validator. These developments show growing institutional confidence in Injective’s token model.
Community sentiment has been overwhelmingly positive. Slots sold out in hours, and users across X praised the initiative as “the best tokenomics upgrade in any layer-1 chain.”
Injective plans to continue the program on a monthly basis, with the next Community BuyBack scheduled for November 2025. Given the momentum from this first event, participation is expected to increase dramatically.
If this pace continues, the Community BuyBack could become one of Injective’s most important growth engines – combining deflation, transparency, and community incentives to create a sustainable, self-reinforcing economy for the entire ecosystem.
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