Layer-1 Injective rolled out a native Ethereum Virtual Machine layer while keeping WASM support, bringing over 40 dApps and infrastructure providers online. The upgrade aims to reduce fragmentation by letting developers use both WASM and EVM in one ecosystem, offers block times around 0.64s and fees as low as $0.00008, and signals a planned Solana VM as part of a MultiVM vision. The launch follows a recent community buyback program that lets users commit INJ to a pool for token purchases and burns while earning a 10% yield from ecosystem revenue.

Injective deployed a native EVM and onboarded >40 dApps, enabling WASM+EVM interoperability; it touts ~0.64s block times and fees ~ $0.00008 (faster/cheaper execution). The protocol also has an active community buyback that commits INJ for purchases and burns while offering a 10% yield — concrete supply-reduction and revenue incentives that can influence market demand.