Injective launches first-ever Stockdrop for tokenized stocks this week

Injective launched what it’s calling a “Stockdrop,” an event that lets participants burn their INJ tokens and, in return, potentially receive tokenized versions of real equities like Nvidia, AMC, and Meta.

The Stockdrop kicked off on September 23 alongside Injective’s monthly Community BuyBack program, running through September 30. After that, participants get a one-week window to claim any tokenized stock rewards they’ve been allocated.

How the Stockdrop actually works

The mechanics sit on top of Injective’s existing buyback infrastructure, which has been running monthly since late 2025. Participants commit their INJ tokens to the program. Those tokens get permanently burned, reducing the circulating supply. In exchange, participants receive a share of the Injective ecosystem’s revenue.

The Stockdrop adds a new layer. Each participating wallet gets a chance to be randomly allocated a tokenized stock, regardless of how much INJ the user commits. Whether someone commits 10 INJ or 10,000, each wallet has an independent shot at receiving tokenized stock.

The tokenized stocks available include shares linked to Nvidia, AMC, Meta, Snap, SPCX, and HIMS. These tokenized equities live on the Robinhood Chain, an Ethereum Layer 2 solution purpose-built for tokenized stocks. That infrastructure enables 24/7 trading and faster settlement times than traditional equity markets.

The buyback machine behind it all

Prior rounds have burned over 7.2 million INJ tokens, valued at approximately $55.5 million. Participants in those earlier rounds have received an average return of roughly 23.9% per round.

The program operates under governance proposal IIP-617, which codified the buyback-and-burn mechanism as a core part of Injective’s tokenomics. Each month, the protocol uses ecosystem revenue to buy back INJ from committed participants, then permanently destroys the tokens.