Injective Protocol TVL Surges 14% Following Buyback Program Launch Despite INJ Price Decline

Injective Protocol has demonstrated significant ecosystem growth with its Total Value Locked (TVL) increasing by 14% following the announcement of a new token buyback initiative. This substantial TVL growth indicates rising protocol adoption and investor confidence in the Injective ecosystem. However, contrasting this positive development, the native INJ token has experienced an 8% price correction during the same period. The buyback program represents a strategic move by the Injective team to enhance token value and ecosystem stability, though market conditions continue to influence short-term price action for the INJ cryptocurrency.