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: $4.62 (-11.49%)
Token market cap: $461.8M (-11.53%)
Total $INJ staked: 56.8M (+0.71%)
Staking APR: 12.55% (-0.4%)
Injective daily trading volume: $31.84M (+5.08%)
The percentages and metrics are calculated from its change over a 14-day time frame, unless noted otherwise.
Injecting The Biggest Developments
🥷 What’s happening: Injective completed its third community buyback on December 24, removing about 43,000 INJ tokens from circulation, worth approximately $193,800.
🥷 Why it matters: The Community BuyBack is designed to incentivize holders to remain engaged with the broader network and ecosystem dApp, since higher activity directly fuels the amount users can earn by participating in buybacks. If more users engage with the network through staking or governance, their share of buyback rewards become larger.
While this burn is 14% lower than the second round, each installment signals healthy capital rotation and increases the per-token share of ecosystem revenue for committed participants.
🥷 The bigger picture: As more INJ is removed from circulation, the buyback reinforces a cycle where usage drives revenue, revenue drives burns, and burns increase scarcity, creating flywheel affect for both the network and its community.
While some incentive programs rely on short-term rewards such as airdrops, Injective’s Community BuyBack aims to tie economic benefits to usage and contribution within the ecosystem. For instance, Ethereum’s EIP-1559 burns a portion of transaction fees, and Solana conducts strategic burns, but these mechanisms are often protocol-driven rather than directly tied to user participation and ecosystem revenue.
Injective’s approach invites the community to actively burn tokens to earn revenue. This, in turn, increases scarcity while rewarding the most engaged participants. By tying burns to real usage, rather than speculation, Injective is highlighting how its tokenomics design can amplify both network growth and long-term token value.
INJ is down 13% on the month to $4.54, following the overall crypto market downward trend. However, during these token buyback periods, there has been between 2-3% short-term price action increases directly following each buyback round.
Expanding The Financial Ecosystem
Updates on the latest network of dApps, validators, builders and more helping Injective expand its financial use cases.
Injective added its x402 standard so APIs, apps and autonomous AI agents can transact with stablecoins via the network’s infrastructure
OpenLedger integrated its infrastructure with Injective to improve reasoning and settlement execution models for AI systems
Injective surpassed $74B in total trading volume across its spot and derivative markets
Injective executed network upgrades: IIP-603 for core performance, as well as Stream Manager V2 and Zero-Polyfill, the network’s engineering director shared on X
Explore Injective’s institutional overview here
From The Injective Ninjas 🥷
Highlighting the builders, communities and ecosystem players within the Injective blockchain.
DexPal integrated with Helix for its onchain perps trading rewards program
Trading for Lighter (LIT), the largest perpetuals trading protocol by volume, was added to Helix and Paradyze’s leveraging trading platforms
Learn to build AI apps on the network with resource videos from Injective DevRel Brendan Graetz
Dive Deeper Into Injective
Want to get involved in the ecosystem?
Find the latest job postings on Injective Labs here
Check out the Cointelegraph Accelerator, a 12-week program offering grant funding and mentorship to ecosystem founders
Participate in Bantr’s $30K MultiVM ecosystem campaign
Explore Injective’s institutional overview here
Until next time!
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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.