Injective community voting has approved a key proposal with a approval rate of 99.89%. According to this proposal, the network will initiate a $INJ token supply reduction plan in the new development phase. This move reflects the project's optimization adjustments to the tokenomics model, aiming to strengthen long-term value capture through a deflationary mechanism. In the current environment of intensified DeFi ecosystem competition, Injective consolidates community consensus through on-chain governance to promote such strategic reforms. The market is generally focused on how these supply-side changes will impact token performance.