Key Highlights: JustLend DAO completed its fifth quarterly buyback and burn, destroying 170,723,144 JST valued at $23,531,749. Cumulative burns have now removed 1,881,973,007 JST, permanently eliminating 19.01% of the token’s total supply. The initiative was financed using $9,280,216 from third-quarter net income alongside $10,340,249 from historical revenue allocations. JustLend DAO has executed the fifth round ...
Key Highlights: Sonic (S) has encountered persistent downward pressure, retreating sharply from recent highs and sliding 3.05% as technical indicators point toward weakening support. Unclaimed token allocations from Sonic’s first two airdrop seasons face an impending October 15 deadline, after which remaining reserves—previously recorded at roughly 32.69 million S—will be permanently burned. Key technical levels ...
Key Highlights The Aptos Foundation has proposed reducing annual staking reward rates from 5.19% to 2.6% while capping the maximum $APT supply at 2.1 billion tokens. Network transaction fees could see a tenfold increase alongside a potential $APT buyback program funded by cash reserves and future revenue. Ecosystem grant allocations will transition to performance-based benchmarks, ...
Key Highlights Hyperliquid executed a major deflationary move by purchasing and permanently burning 112,580 HYPE tokens valued at $10.15 million. The buyback was funded from $14.5 million in USDC interest routed to the Assistance Fund on October 3 following its August activation, leaving roughly $4.4 million for future repurchases. HYPE responded by breaking past the ...
Key Highlights: BNB confronts a critical technical resistance barrier between $800 and $807 following an intraday high of $806.68 in September. BNB Chain’s upcoming 37th quarterly burn is expected in mid-October to further reduce circulating supply toward the 100 million token target. Ecosystem expansion gains traction with over $1 billion in tokenized stocks, enhanced network ...
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 ...