25,200 $INJ Burned

With the completion of Community BuyBack Round 233, +25K
$INJ has been burned,
while participants earned a return of over +20.50%.

Reminder:
- Total burned: 7,241,786 INJ
- Burned in 2026: 375,597 INJ

Burning is ongoing, no Unlocks, so why is there inflation?

Simply put, as with PoS networks, there is continuous issuance of
$INJ as rewards for securing the network through Staking...

Here, we have two sides:

🔺Staking rewards→ New INJ issued→ Increase in supply
vs.
▼ Community BuyBack→ INJ burned → Decrease in supply

With #INJ 3.0, reduced issuance rates, and increasing network activity and burns,
the goal is for the second side to eventually outweigh the first,

turning Injective into a net deflationary asset.