Injective could extend gains with 99% approval on upgrade proposal to reduce inflation

Source Fxstreet
  • Injective tokenomics upgrade proposal receives 99% approval from voters, voting ends on April 23. 
  • The Injective 3.0 proposal aims to reduce the token’s inflation, the project claims it will be “one of the most deflationary assets to date.”
  • INJ price added nearly 1% value on Monday, the token climbed nearly 10% in the past week.

Injective (INJ), a layer-one blockchain that hosts several decentralized finance (DeFi) applications on its chain is a step closer to a major tokenomics upgrade. The proposed upgrade is currently being voted on. 

INJ price is up nearly 1% in the past day. 

Injective proposal to reduce inflation receives 99% approval, voting is on

Injective’s tokenomics proposal aims to make INJ deflationary, and it proposes a plan to reduce the on-chain parameters for new token minting. Since its launch, Injective has introduced several measures to reduce INJ inflation, token burn auctions on mainnet launch, token burn auctions were then expanded to decentralized applications (DApps) in the network. 

The expected outcomes of the proposal are to make INJ deflationary. The proposal reads, “Injective aims to emulate and eventually surpass the disinflationary characteristics of Bitcoin to become the most deflationary crypto asset.” 

The proposal focuses on a controlled reduction in the inflation rate by balancing participation incentives and token scarcity, attracting new traders and early adopters to its blockchain network. The inflation rate change parameter, once increased to 0.5, will allow Injective to react swiftly to fluctuations in staking and ensure that the protocol is resilient. 

The new proposal is open to vote until April 23. 

INJ

INJ voting

The portal shows that 99.99% voters have voted in favor of the proposal, according to the forum. 

INJ price climbed nearly 10% in the past week and the token is trading at $28.50 on Monday. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
US Q3 GDP Released, Will US Stocks See a "Santa Claus Rally"?【The week ahead】Last week, concerns about an Oracle data center project weighed on technology stocks, but rising expectations of interest rate cuts boosted the broader market. The S&P 500 index rose slig
Author  TradingKey
5 hours ago
Last week, concerns about an Oracle data center project weighed on technology stocks, but rising expectations of interest rate cuts boosted the broader market. The S&P 500 index rose slig
placeholder
Top 10 Krypto-Prognosen für 2026: Institutionelle Nachfrage und Großbanken könnten Bitcoin Rückenwind gebenFür 2026 rücken institutionelle Nachfrage, ETF-Flows (über $700 million Abflüsse im Dezember), BTC-Reserve-Asset-Thesen (3.74 million BTC bei 251 Entities) und zehn Marktprognosen in den Fokus – inklusive eines möglichen Bitcoin-Ziels von $140,259 bei bullischem Ausbruch.
Author  Mitrade
7 hours ago
Für 2026 rücken institutionelle Nachfrage, ETF-Flows (über $700 million Abflüsse im Dezember), BTC-Reserve-Asset-Thesen (3.74 million BTC bei 251 Entities) und zehn Marktprognosen in den Fokus – inklusive eines möglichen Bitcoin-Ziels von $140,259 bei bullischem Ausbruch.
placeholder
Bitcoin Traders Split on Whether BTC Will Drop to $70K or Rebound SoonBitcoin market participants hold divided views for short-term price action, with targets ranging vastly between $150,000 and a potential drop back to $70,000.
Author  Mitrade
9 hours ago
Bitcoin market participants hold divided views for short-term price action, with targets ranging vastly between $150,000 and a potential drop back to $70,000.
placeholder
Pi Network Price Annual Forecast: PI Heads Into a Volatile 2026 as Utility Questions Collide With Big UnlocksPi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.
Author  Mitrade
Dec 19, Fri
Pi Network heads into 2026 after a 90%+ 2025 drawdown from $3.00, with 17.5 million KYC users and a smart-contract-focused Stellar v23 upgrade offering upside potential, but 1.21 billion tokens unlocking and heavy exchange deposits (437 million PI) keeping supply pressure and trust risks firmly in focus.
placeholder
When is the BoJ rate decision and how could it affect USD/JPY?The Bank of Japan (BoJ) will announce its interest rate decision between 03.30 and 05.00 GMT, followed by Governor Kazuo Ueda's press conference at 06.30 GMT.
Author  FXStreet
Dec 19, Fri
The Bank of Japan (BoJ) will announce its interest rate decision between 03.30 and 05.00 GMT, followed by Governor Kazuo Ueda's press conference at 06.30 GMT.
goTop
quote