Injective community passes governance vote to slash INJ token supply

TL;DR:

Approved with 99. 89% support, the proposal updates issuance and buyback parameters that govern how INJ is removed from circulation over time.

Key Points:

Background:

Cryptocurrency markets continue to evolve with new developments affecting the broader digital asset ecosystem.

Why It Matters:

This development could influence UNI price action and market sentiment in the near term.