#injective $INJ participating in on-chain governance, securing the network through staking, and being used in a deflationary buy-back and burn mechanism that reduces its total supply over time. INJ is the native utility and governance token of the Injective blockchain, a decentralized layer-one protocol designed for next-generation financial applications. INJ has multiple uses within the ecosystem, including participating in on-chain governance, securing the network through staking, and being used in a deflationary buy-back and burn mechanism that reduces its total supply over time.