Key Highlights Polygon permanently burned 100 million $POL tokens—approximately 1% of total supply—worth roughly $10.22 million on September 23. $POL has surged nearly 12% since the burn, trading near $0.113, but faces immediate resistance at the $0.115 level. The burn introduces a community-governed, fee-funded mechanism linking future token removal directly to Polygon network activity. Polygon ...
Key Highlights Polygon Foundation CEO Sandeep Nailwal announced a permanent burn of 100 million $POL tokens, with the contract already deployed to testnet and pending Polygon Security Council signatures for mainnet launch. The one-time burn draws from a fee collector holding roughly 121 million $POL, and the community will be able to continue quarterly burns ...
Key Highlights Polygon Foundation CEO Sandeep Nailwal announced a plan to permanently burn 100 million $POL tokens, representing approximately 1% of the circulating supply, pending Security Council approval. The burn mechanism is fueled by protocol revenue that reached $24.5 million year-to-date, with DeFiLlama data confirming annual revenue crossing $25 million—a two-year high. $POL price surged ...
Key Highlights Polygon Foundation CEO Sandeep Nailwal announced a permissionless contract to burn 100 million POL tokens—approximately 83% of the base-fee collector’s current 121 million token balance—with the first burn executing immediately upon mainnet deployment. The one-time burn represents roughly 0.93% of the current 10.716 billion POL total supply and less than 1% of the ...
Lisk (LSK) Surges Over 500% in 24 Hours, Triggering $38 Million in Liquidations Lisk ($LSK) emerged as one of the most volatile altcoins in the cryptocurrency market over the past 24 hours, posting an intraday price surge of 512.7% before a sharp pullback. The token reached a high of $1.71 before retracing to approximately $0.98, ...
Hyperliquid Burns 32,770 HYPE Tokens Worth $2.65 Million as TVL Nears $7 Billion Hyperliquid’s native token $HYPE underwent another supply reduction this week as the protocol executed a buyback and burn of approximately 32,770 HYPE. The transaction carried a value of roughly $2.65 million at an average purchase price of $81.01 per token. According to ...
IOST ($IOST) has emerged as one of the most notable altcoins in the cryptocurrency market after surging over 100% in value within the last 24 hours. The sharp price movement followed an announcement by the IOST Foundation confirming the permanent removal of 70 million IOST tokens from circulation. IOST Foundation Completes Token Burn The IOST ...
Crypto.com Slashes CRO Lockup Rewards by 25% or More Crypto.com announced it will reduce annual rewards on new $CRO lockups starting Thursday, cutting rates by at least 25% across its premium card tiers. The move marks another chapter in a multi-year pattern of roadmap revisions, retracted promotions, and altered token economics that have frustrated retail ...
Shiba Inu Burn Rate Surges 1,307% as 46.25 Million SHIB Tokens Permanently Removed from Circulation Shiba Inu’s circulating supply contracted significantly over the last 24 hours following a massive token burn event that permanently removed tens of millions of SHIB from the market. According to on-chain data tracked by Shibburn, the network recorded a substantial ...