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Injective (INJ) completes its first community buyback worth $32 million

  • The L1 project burns over 6.7M tokens in its first community buyback.
  • The initiative aims to reward active network participants.
  • Another buyback is slated for November, strengthening Injective’s deflationary mechanism.
Injective has taken it to X to confirm the completion of its first community-led token buyback, which started on October 23, marking a key step in the L1’s deflationary model.

The team revealed that the event burned 6.78 million INJ coins, worth roughly $32.28 million.

The strategic initiative sets Injective apart from most blockchain projects, making asset buybacks a community-driven event.

Rather than the foundation or team repurchasing tokens and burning them privately, Injective prioritizes user participation.

The layer 1 network creates a system that merges deflation with community incentives.

Such an approach ensures that active network participants benefit from Injective’s ecosystem expansion, aligning rewards between INJ holders, traders, and developers.

The announcement read:

Injective is the only chain where token buybacks directly reward the community.

Notably, Injective opened the first community buyback event for the public on October 23, with the actual repurchase and token burn occurring after a week, on October 27.

Injective’s unique buyback strategy

Injective’s community buyback mechanism adopts two powerful yet simple ways.

First and foremost, the platform permanently burns native tokens to reduce the overall supply.

Secondly, it distributes some of the value to reward users who contribute to the INJ’s ecosystem.

According to the official blog:

The Community BuyBack is a monthly on-chain event that allows anyone to take part in Injective’s deflationary mechanism. Participants commit INJ, and in return receive a pro rata share of the revenue generated across the Injective ecosystem. The INJ exchanged is then permanently burned, reducing the total supply of INJ.

Notably, the Community BuyBack basket comprises various tokens, including USDT and INJ, valued at 10,000 Injective tokens.

That design introduces a robust deflationary model, while incentivizing loyal users.

Injective maintains transparency, with all buyback information available on the dashboard.

Adopting a deflationary economy with a twist

Injective’s latest announcement is part of its broader mission to build a community-centered, sustainable token economy.

By burning native tokens every month, the project aims to reduce INJ inflation while encouraging long-term holding.

Most projects across the decentralized finance sector are embracing such mechanisms.

However, Injective has added a significant twist, involving its users in the process.

Besides strengthening trust, such an approach keeps INJ holders engaged in the ecosystem’s growth.

Also, holders will benefit from scarcity as every buyback reduces the circulating asset supply permanently.

The next burn will happen next month, in November.

INJ price outlook

The native token remained relatively muted over the past 24 hours, as bears moved the broader market.

INJ is trading at $8.66. It has consolidated between $9 and $8 over the previous week, gaining over 3% in that timeframe.

Its daily trading volume has increased by 17%, signaling renewed optimism, likely following the buyback announcement.

Nevertheless, broad market sentiments will influence the altcoin’s price trajectory in the coming sessions.

The post Injective (INJ) completes its first community buyback worth $32 million appeared first on CoinJournal.

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Ondo Global Markets expands to BNB Chain

  • Ondo Global Markets launches on BNB Chain, enabling 24/7 access to over 100 tokenized US stocks and ETFs.
  • Integration of BNB Chain is part of Ondo’s expansion and boosts tokenized equities.
  • The platform is live on Ethereum and will expand to other chains.

Decentralized finance platform and tokenized real-world asset issuer Ondo Finance is expanding its tokenized securities platform to BNB Chain.

According to the press release, the move is a key milestone for both Ondo Finance and BNB Chain.

For the latter, an increasingly huge player in the decentralized finance and real-world assets tokenization space, it means growth into a sector currently seeing great traction. 

Integration comes as top asset managers and other financial markets providers tap into the blockchain for fresh traction of their products, including tokenized stocks, private credit and US Treasuries.

What Ondo Global Markets’ launch on BNB Chain means

Ondo Finance announced its expansion on Wednesday, Oct. 29.

The move sees the RWA market platform bring its institutional-grade tokenized equities and exchange-traded funds (ETFs) to millions of users worldwide via BNB Chain. 

Nathan Allman, founder and CEO of Ondo Finance, commented:

“BNB Chain is home to one of the largest and most engaged global user bases in Web3. Expanding Ondo Global Markets to BNB Chain allows us to bring tokenized US stocks and ETFs to millions of users across Asia, Latin America, and other geographies, in an environment that is fast, cost-efficient, and highly interoperable. This is a major step toward making US markets globally accessible through blockchain technology.”

In particular, Ondo is helping to unlock 24/7 access to over 100 tokenized US stocks and ETFs for over 3.4 million daily active users, with BNB Chain having a notably strong presence in Asia and Latin America.  

“The integration provides BNB Chain — with its 3.4 million daily active users and expansive DeFi ecosystem — access to over 100 tokenized US stocks and ETFs, supported by leading ecosystem projects such as PancakeSwap,” Ondo wrote in its blog post.

Launched on Ethereum in September 2025, Ondo Global Markets has rapidly scaled to $350 million in total value locked (TVL).

The platform has so far generated over $669 million in onchain volume.

The platform enables non-US investors to gain seamless exposure to blue-chip assets like Apple, Tesla, Nvidia, and S&P 500 ETFs, backed by securities held at US-registered broker-dealers.

For BNB Chain users

Key features include blockchain-based settlement, fractional ownership for affordability, and deep liquidity sourced directly from traditional exchanges.

Users can redeem tokens up to $1 million per transaction with near-real-time pricing via Chainlink oracles.

Integration with BNB Chain ecosystem projects like PancakeSwap enhances accessibility, allowing seamless trading via familiar wallets without KYC hurdles for many users.

BNB Chain’s head of business development, Sarah Song, also commented on the deployment. 

“Real-world assets are one of the fastest-growing segments on BNB Chain, and having Ondo Finance join our ecosystem is another strong validation of that momentum,” Song noted. “Together, we’re expanding access to high-quality financial assets and driving the next wave of adoption that connects traditional markets with blockchain technology.”

The post Ondo Global Markets expands to BNB Chain appeared first on CoinJournal.

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Ethereum Foundation launches institutional portal to boost enterprise adoption

  • “Ethereum for Institutions” helps businesses integrate with the Ether ecosystem.
  • The new platform showcases Ethereum’s role in DeFi, L2 scaling, and RWAs.
  • ETH eyes rebounds as whales accumulate.

The Ethereum Foundation has announced a new website, Ethereum for Institutions, designed to guide businesses on how to operate on-chain.

Unveiled today, October 29, the site aims to supercharge Ethereum adoption among top companies.

The official announcement reads:

Ethereum is the neutral, secure base layer where the world’s financial value is coming on-chain. Today, we’re launching a new site for the builders, leaders, and institutions advancing this global movement.

The foundations Enterprise Acceleration team created the new website to present a clear framework for firms interested in building and investing in the second-largest cryptocurrency.

Ethereum for Institutions offers case studies, resources, and access to industry leaders shaping the next phase of DeFi.

Scaling Ethereum for enterprise utility

Scalability has been among the primary challenges in Ethereum’s push for institutional-grade adoption.

Meanwhile, its L2 ecosystem, comprising projects like Arbitrum, zkSync, Base, and Optimism, is addressing that.

The foundation revealed that Layer2s secure more than $50 billion in value. The team said:

With $50B+ in total value secured, L2s provide the high-throughput, low-cost execution needed for global-scale applications – from payments to tokenization.

These platforms have gained traction for offering low costs and high throughput essential for enterprise-level utility, including real-world assets tokenization, trading, and payments.

Notably, the new website features a comprehensive L2 segment showcasing how these solutions are enabling cheaper and faster transactions while leveraging Ethereum’s robust security.

Layer 2 platforms offer the infrastructure for businesses navigating decentralized finance, stablecoins, or tokenization.

Ethereum transforms the on-chain economy

Ethereum’s new institutional website is beyond a documentation hub. It welcomes the next phase of digital finance.

It lowers entry barriers for traditional institutional navigating on-chain finance by organizing data around key sectors like DeFi, staking, restaking networks, RWAs, and DeFi.

It builds on the Ethereum vision, serving as a neutral, composable, and public infrastructure that supports financial innovation.

The blockchain continues to merge TradFi and DeFi, leveraging an ecosystem of thriving developers, high-end privacy tools, and scalability through L2 platforms.

With more institutions embracing blockchain through ETFs and digital assets strategies, Ethereum’s institutional portal offers a lucrative entry point.

The website connects global businesses with the foundation blocks of the digital economy.

ETH price outlook: whales are buying

The largest altcoin by market value is trading at $3,971 following an over 3% decline in the past 24 hours.

Its bearish trajectory mirrors the broader sector.

CoinMarketcap data shows the value of all digital currencies declined by 3% the previous 24 hours to $3.76 trillion.

Nevertheless, Lookonchain data shows large-scale investors are buying the dip.

Bitime’s new wallets have received 33,948 ETH tokens, worth approximately $135 million, from Falcon X today.

That reveals conviction in Ethereum’s possible rebounds in the coming sessions.

The post Ethereum Foundation launches institutional portal to boost enterprise adoption appeared first on CoinJournal.