- The approval of the INJ 3.0 tokenomics proposal underscores the power of community governance within the Injective ecosystem.
- By enabling token holders to actively participate in decision-making processes, Injective demonstrates a commitment to decentralization and inclusivity, allowing stakeholders to shape the platform’s future direction.
An on-chain vote by the Injective community has given the green light to significant changes in the INJ 3.0 tokenomics system. The alterations, as outlined in the April 19 governance proposal, mark a substantial upgrade aiming to make INJ one of the most deflationary assets in the crypto sphere.
Injective, a Layer 1 blockchain built on Cosmos and governed by the non-profit Injective Foundation, is set to undergo what’s described as its most significant tokenomics system upgrade yet. The initiative, propelled by community consensus, charts a course towards a more deflationary trajectory for the INJ token over the next two years.
Jenna Peterson, CEO of the Injective Foundation, expressed confidence in the evolution, emphasizing the necessity for INJ to embody the qualities of “ultrasound money” to ensure its long-term viability alongside institutional players in the ecosystem. Peterson stated, “With these vital updates approved through governance by the broader Injective community, INJ 3.0 aims for INJ to surpass even the sound monetary properties of Bitcoin.”
The INJ 3.0 tokenomics proposal, introduced on April 19, unfolds with two principal components. Firstly, adjustments to the upper and lower inflationary bounds of INJ. These bounds define the permissible range for inflation rates within the token’s ecosystem. The proposed changes gradually lower the lower inflation bound to 4% and the upper bound to 7% over the next two years, with a reassessment planned for the second quarter of 2026.
The second prong of the proposal involves a substantial increase in the “inflation rate change parameter” from 0.1 to 0.5, aimed at enhancing the responsiveness to staking activity within the ecosystem.
Eric Chen, CEO of Injective Labs, hailed the overwhelming community support for the proposal, citing a staggering 99.99% approval rate. He expressed anticipation for the implementation of the new schedule.
As of writing, INJ traded at $26.34, marking a 3.33% decrease over the past 24 hours. With a market capitalization of $2.5 billion and a circulating supply of 90 million tokens out of a total supply of 100 million, INJ continues to attract attention within the crypto market.
Injective’s recent upgrades, including the Volan upgrade launched on Jan. 11, have broadened its scope to include real-world assets such as tokenized fiat currency pairs and treasury bills, in addition to offering exclusive credit products and other structured products.
With $62.7 million in total value locked as of April 22, according to DeFiLlama, Injective demonstrates its growing significance within the decentralized finance landscape.
Injective Community Drives Deflationary Momentum with INJ 3.0 Approval
The approval of the INJ 3.0 tokenomics overhaul by the Injective community signifies a significant step towards enhancing the deflationary attributes of the INJ token. With broad consensus and a robust roadmap ahead, Injective is poised to solidify its position as a leading player in the evolving crypto landscape, offering a platform that prioritizes community governance and sustainable growth.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
