Polygon Burns 100M POL Tokens, Removing 1% of Total Supply
TL;DR: Polygon permanently removed 100 million POL tokens with an estimated valuation of $10.12 million. The liquidated volume equates to approximately 1% of the asset’s total
burn (Latest Publications)
Sky Burns 2.86 Million SKY Tokens in First-Ever Supply Reduction
The Sky protocol completed its first token burn, permanently eliminating 2.86 million units acquired on the open market using the ecosystem’s own funds.
Shiba Inu Burn Activity Surges 1,307% in 24 Hours as 47 Million SHIB Are Destroyed
TL;DR SHIB recorded a 1,307% increase in its daily burn rate, sending 46.25 million tokens to unrecoverable wallets in 24 hours. The weekly burn volume surpassed
Ripple Mints $449M Stablecoin on XRP Ledger — Then Burns 99% of It
TL;DR Ripple issued $449.3 million in RLUSD on the XRP Ledger over 30 days, but burned $448.9 million in the same period. The 99% burn rate
Solana Fee Overhaul Raises Burn and Makes Heavy Users Pay
TL;DR: Solana advances SIMD-0553, a proposal that raises fees on resource-intensive transactions and lowers costs for simple operations. The new model would increase daily SOL burning
Jito Proposes JIP‑38 to Route All DAO JTX Revenue Into Automated $JTO Buybacks and Burns
TL;DR Jito submitted JIP-38, a proposal to allocate 100% of the DAO’s 80% share of JTX fees to $JTO buybacks and burns. The mechanism would operate
Uniswap’s Fee Switch Goes Live With $5.2M Daily Revenue and UNI Near $3.5
TL;DR Uniswap activated its fee switch and is now generating approximately $5.2 million in daily fees, ranking behind only Tether and Circle in daily protocol revenue.
Someone Just Burned $8 Million in Bitcoin Forever — Here’s What Happened
TL;DR: Five addresses created in 2014 removed a total of 107 Bitcoin from circulation through simultaneous transfers. The funds were sent to a recognized public address
Shiba Inu Records 700% Surge in Burn Rate Amid Heavy Trading Activity
TL;DR: The burn rate of the meme cryptocurrency Shiba Inu increased by more than 700% in the last 24 hours, according to Shibburn data, eliminating millions
Flare Unveils Plan to Shift MEV Into the Base Layer and Slash Inflation to 3%
TL;DR: Flare published a governance proposal to capture maximum extractable value (MEV) at the protocol level and redirect it back into its own ecosystem. The proposal
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