Binance exchange burns $547M worth of BNB tokens
Binance permanently destroyed $547 million worth of BNB in its 21st quarterly burning event, but the markets remain steady.
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There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits
In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of…
Shiba Inu Burn Rate Hits 26,000% in the Last Day, 1.4 Billion SHIB Destroyed in 24 Hours
On Saturday, the second-largest meme-based cryptocurrency shiba inu has seen a lot of tokens burned during the last 24 hours. According to statistics, the network’s burn rate has increased by…
Terra Tokenomics Lead to Market Surge, Bitcoin Reserve Hinted
The recent movements in the treasury of Terra, a decentralized financial payment network, which is now burning more than $4 billion worth of LUNA due to a governance proposal, have…
Ethereum sees first consecutive week of deflationary issuance
More than $65 million worth of ETH is currently being burnt daily by the Ethereum network.