Injective released its tokenomics upgrade which can increase the amount of INJ burned weekly.
All dApps built on Injective can contribute to the INJ burn auction with no limit to how much of their fees they wish to burn. In turn, this can lead to a robust on-chain economy powered by INJ as burn auctions can now capture value from all dApps across the Injective ecosystem.
The Injective Token Burn Auction is a mechanism that collects protocol fees and originally auctioned off 60% of all fees collected on exchange dApps built on Injective, and subsequently burned the tokens used to pay for the auction basket.
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DeFi
Cosmos
Layer 1
