The Injective community passed Governance Proposal IIP-617 with an overwhelming support rate of 99.89%. This vote marks a significant shift in the INJ token economy.

The core adjustments include two parts: first, reducing the issuance of the native token to alleviate supply-side pressure and improve the long-term token economics; second, strengthening the protocol revenue-based buyback and burn mechanism to establish a sustainable deflationary path. This design links the token's value to the protocol's commercial performance — the better the protocol revenue, the stronger the burn.

Data shows that Injective has already burned approximately 6.85 million INJ tokens. With the new mechanism activated, the burn scale is expected to further expand, creating a more pronounced supply contraction effect. While this approach is not new in Web3 projects, Injective's execution strength and community consensus are noteworthy. According to voting data, over 99% support reflects the community's strong approval of this direction.