Overview of INJ Buyback Program - Injective is launching the INJ Community BuyBack Program on October 29th, introducing a new deflationary mechanism [1] - The program replaces the Burn Auction model with a monthly, fully onchain event open to all participants [1][2] Program Mechanics - Users commit INJ tokens within defined limits to earn ecosystem rewards [3] - Committed INJ is burned, reducing token supply and reinforcing deflationary nature [3] - Ecosystem revenue is distributed proportionally among all participants [3] - The buyback occurs every 28 days with a fixed number of slots [3] Key Benefits - The program is deflationary, reducing INJ supply with each round [3] - It democratizes access, allowing everyone to participate [3] - Incentives are aligned with ecosystem activity [3] - The process is fully transparent and onchain [3] Participation - Users can reserve a slot, commit INJ tokens, and claim their share of ecosystem revenue via Injective Hub [3] - All collected INJ is burned, reinforcing long-term value [3] Injective Ecosystem - Injective emphasizes decentralization, cross-chain trading, and gas-free transactions [4] - The INJ token is central to governance, staking, and upgrade decisions [4]

Buyback Program Overview - FDF (项目方) 将启动新的回购计划，用于回购个人玩家的股份 [2] - 大约 40% 的所有费用将被用于回购 [2] - 预计高回购金额相对于当前价格/市值将带来显著的价格变化 [1] Potential Impact - 基于历史交易量，40% 回购的平均价格影响为 624%，此外还有传言 [1] - 早期参与者从 FDF 创始人礼包中获益 [1] Strategic Implications - 该计划是基于玩家的回购项目 [2] - 积累大量费用的玩家可能会从中受益 [1]

Raydium Protocol Overview - Raydium Protocol is powering Solana's dominance [1] - Bonk, XStocks, and other products are built and live on Raydium, generating revenue for the Raydium ecosystem's buyback program [1] Financial Performance - Cumulative monthly volume reached $40 billion, a 71% month-over-month increase [2] - Protocol revenue totaled $1833 million, a 137% month-over-month increase [2] - Programmatic RAY buybacks amounted to $57 million [2] Market Outlook - The report suggests a positive outlook for Raydium, indicating it's "Raydium Season" [1]