CandleFocus Injective 3.0 Aims to Transform INJ Into a Leading Deflationary Asset
2024-10-02
Author: Content Editor
Injective has released INJ 3.0, which aims to make INJ one of the most deflationary assets in the crypto market by reducing the token supply. The update includes a 400% increase in the deflation rate and covers all dApp network fees in the burn mechanism. The changes align with Bitcoin's halving and the deflationary process will quicken as more tokens are staked. These modifications are meant to ensure the long-term viability of Injective as a major player in the DeFi market. Injective has also introduced the first tokenized index for BlackRock's BUIDL Fund. Despite these developments, the price of INJ has dropped recently, in line with the overall crypto market.
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