Injective launches new community buyback program, ecosystem TVL grows by about 14% in the past 24 hours

Foresight News reported, according to CoinDesk, Injective has launched its new community buyback program. Community members can deposit INJ tokens into a pool, which will be used to purchase and burn tokens, thereby reducing the total supply. In return, participants will receive 10% of the Injective ecosystem's revenue as rewards. According to DeFiLlama data, Injective's total value locked (TVL) increased by about 14% in the past 24 hours, reflecting a significant inflow of new funds into the network. However, the INJ token dropped by about 8% during the same period.