Injective Starts August Community Buyback With the Goal of Burning 33,000 $INJ

@Injective has opened its August Community Buyback round, targeting the permanent removal of more than 33,000 $INJ tokens from circulating supply. The tokens will be burned through the protocol's auction-based mechanism, which draws from a share of fees generated across the Injective network.

How the Community Buyback Works

The program, which runs on a monthly cycle, allows eligible $INJ holders to commit tokens to a shared burn pool. Participants receive a proportional share of revenue generated across the Injective ecosystem, and once the round closes, all committed $INJ is permanently burned on-chain. A portion of the revenue generated by dApps on the network is allocated to a buyback fund, used to purchase $INJ on the open market, with the acquired tokens then permanently removed from circulation.

The program launched in November 2025, following governance proposal IIP-617, which passed with 99.96% of votes in favor. That proposal established what Injective calls the $INJ Supply Squeeze, a broader deflationary framework that connects the monthly BuyBack burns with Injective's existing burn auction mechanism.

Growing Scale and Track Record

Four monthly rounds have been completed since November 2025, with a total of 178,338.03 $INJ burned across those rounds. Burns have grown from 36,900 $INJ to nearly 55,000, and participants have not earned below 20% in any round yet. In June 2026, Injective completed its largest Community Buyback round to date, using over $315,000 in protocol revenue to repurchase and permanently burn $INJ tokens.

With 6.78 million $INJ removed in the initial auction and 178,338 $INJ burned across four monthly rounds, the all-time burn count sits above 7 million $INJ. The BuyBack pool grows as Injective ecosystem revenue grows, so the trajectory is expected to continue upward.

The August round carries a target of 33,000 $INJ, keeping the program on pace with recent monthly volumes. Eligibility is based on active participation in the Injective ecosystem, including staking and use of on-chain applications.

Sources:
Injective: 2026 Community BuyBack Guide
CryptoNews: Injective Burns 7M INJ and Distributes $776,000 to Its Community
KuCoin: Injective Executes Its Largest INJ Buyback and Burn to Date