The Injective community has approved a governance proposal to reduce the supply of its native INJ token. According to reports, the proposal received overwhelming support, with 99.89% of the votes in favor. The approved changes focus on updating the issuance and buyback parameters that dictate how INJ tokens are removed from circulation over a period. The development signals a move towards refining the tokenomics of the Injective ecosystem through community governance.

The Injective community has approved a governance proposal to reduce the supply of its native INJ token. According to reports, the proposal received overwhelming support, with 99.89% of the votes in favor. The approved changes focus on updating the issuance and buyback parameters that dictate how INJ tokens are removed from circulation over a period. The development signals a move towards refining the tokenomics of the Injective ecosystem through community governance.