The Injective Protocol is on the verge of a pivotal change as the IIP-617 proposal, dubbed the Supply Squeeze, garners substantial support from the community. With a governance vote set to close soon, the proposal aims to significantly alter the tokenomics of INJ, the native token of Injective. The material points to an encouraging trend: community engagement is at an all-time high, indicating strong backing for the proposed changes.
Current Support for IIP-617 Proposal
As of now, 9989 voters have expressed their backing for the IIP-617 proposal, which is scheduled to conclude on January 19, 2026, at 16:17 UTC on the Injective governance platform. This proposal seeks to double the deflation rate of INJ, positioning it among the most deflationary assets in the cryptocurrency market.
Potential Impact of the Proposal
If the proposal receives approval, it will initiate a structural shift in the token's supply mechanics, potentially leading to a net contraction in supply. This move is expected to enhance the scarcity of INJ, which could have significant implications for its value and market perception.
As the Injective Protocol prepares for significant changes with the IIP-617 proposal, the Bee Network has recently entered 2026 with strong expectations for its Token Generation Event. For more details, see Token Generation.
