Welcome back to the Injective Overview. We’re creating the best place for the Injective community to get the latest updates, metrics, insights and ecosystem developments and more – all in one place.
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Injective By the Numbers
$INJ price: $5.87 (+3.17%)
Token market cap: $586M (+3.53%)
Total $INJ staked: 56.16M (+2%)
Staking APR: 12.64% (-1.26%)
Injective daily trading volume: $32.6M (+22.03%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting in the biggest developments
Highlighting some of the largest announcements from Injective.
🥷 What’s happening: Injective completed its second community buyback on November 26, removing nearly 37,000 INJ tokens, worth $213,000, from circulation.
🥷 Why it matters: The Community BuyBack is a recurring, onchain program that lets users commit INJ to earn a pro-rata share of monthly ecosystem revenue, while all contributed tokens are permanently burned. Since Injective has a fixed max supply of 100 million INJ, each buyback directly reduces the circulating supply. It also serves to reward users for committing tokens based on real economic participation, rather than speculative engagement or airdrop-driven behavior.
This new buyback marked a sharp increase from Injective’s first token repurchase, in which 8,700 INJ were burned. The rise in the number of tokens burned indicates ecosystem activity is increasing, since revenue directly influences the amount distributed.
Injective is preparing for its third community buyback, which currently holds 50,232 INJ, worth $284,383, positioning it to become the network’s largest burn event to date.
🥷 The bigger picture: The growth of the Community BuyBack program signals a shift in how Injective wants to structure value flow across its ecosystem: from protocol-centric revenue capture to user-directed capital allocation.
For ecosystem teams, this creates a feedback loop in which higher usage across dApps can lead to higher monthly revenue, which increases the potential yield for contributors.
As for analysts, buybacks offer insight into a network’s economic maturity, since token value is directly linked to organic demand.
Also, the rising size of the buyback program suggests that a broader share of the community is treating INJ similarly to how traditional investors treat equities.
Expanding the financial ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Injective surpassed $67B in trading volume on its derivate markets
Chainlink integrated its Data Streams with Injective, bringing verifiable market data on US equity and ETFs to apps on Injective
Injective launched Injective Trader, an automation framework that can be used to build and deploy automated trading strategies, with built-in risk management controls
Explore Injective’s institutional overview here
From the Injective ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
DEXTools added Injective to its token tracking website
Check out Messari’s report on Injective to learn more about the network’s $6B in annualized RWA perpetuals volume, native EVM layer, and more
Helix has launched real-time public equity price feeds for pre-market, after-hours and overnight tracking
Injective’s head of product, CK, spoke about how SEDA’s oracle infrastructure is enabling pre-IPO trading onchain
For more Injective updates, check out its blog here.
Dive deeper into Injective
Want to get involved in the ecosystem? Developers can check out Injective’s documentation, GitHub and more here.
Find the latest job postings on Injective Labs here
Check out the Cointelegraph Accelerator, a 12-week program offering grant funding and mentorship for ecosystem founders
Participate in Bantr’s $30K MultiVM ecosystem campaign
Read Injective-focused research papers
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This information is for entertainment purposes only. It should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research.