ChainCatcher news, the Axelar token burn page is now live. Since the network upgrade was completed on February 21, over 90,000 AXL tokens have been burned in the past 5 days, with the current inflation rate at 4.8%.The Axelar Cobalt upgrade strengthens the AXL token economic model, ensuring that 98% of AXL transaction fees from new cross-chain interoperability connections are burned, while the remaining 2% is transferred to the community fund pool. The new blockchain connects through the Interchain Amplifier, a mechanism that is part of Axelar's Mobius Development Stack (MDS), and provides security through AXL staking in the validator reward pool. The reward pool supports new connections without the need for inflationary incentives.

ChainCatcher news, Sky co-founder Rune posted on the X platform stating that the "SKY Smart Burn Engine" has just been launched, purchasing and burning SKY tokens at a rate of approximately 1 million USDS per day.

ChainCatcher news, the multi-chain decentralized exchange PancakeSwap announced on social media that it has burned 9,046,926 CAKE tokens, worth approximately 15 million dollars.

ChainCatcher news, according to Ultrasound.money data, the net supply of Ethereum has increased by 46,167 coins in the past 30 days, with an increase in supply of approximately 77,709 ETH, and 31,541 ETH has been destroyed through the burn mechanism. The total supply of Ethereum has reached 120,516,400 coins, and the current annual supply growth rate is 0.466%.

ChainCatcher news, according to the announcement from WEEX Exchange, its platform token WEEX Token (WXT) has completed its first burn on January 31, with a total of 4 billion WXT burned, accounting for 40% of the total supply, with a destruction value of approximately 130 million USD.According to the white paper, WXT will be burned quarterly in the future, with 20% of the quarterly profits from WEEX Exchange used for repurchase and destruction of WXT, and the number of tokens burned and on-chain records will be disclosed.

ChainCatcher message, Web3 liquidity provider Orderly Network announced on platform X that 1,181,431.43 unclaimed ORDER tokens from the airdrop have been burned, currently worth about 310,000 USD.

ChainCatcher news, the AIOS Foundation stated that it has completed the destruction of the tokens held by the relevant wallets.Previous news, according to a statement released by the AIOS Foundation, all AIOS tokens held by the foundation will be destroyed within the next 24 hours. The foundation's two addresses hold 64.03% and 2.58% of the AIOS tokens, respectively.

ChainCatcher news, the Artificial Superintelligence Alliance announced on the X platform that it plans to destroy 5 million FET tokens on January 10, thereby creating deflationary pressure in its ecosystem. This milestone is also part of the ASI Train model in its roadmap.

ChainCatcher news, the multi-chain decentralized exchange PancakeSwap announced on social media that it has burned 9,155,328 CAKE tokens, worth approximately 23 million dollars.

ChainCatcher message, according to data from Ultrasound.money, the net supply of Ethereum has increased by 11,929 coins in the past 7 days, with an increase in supply of approximately 18,017 ETH, and 6,087 ETH has been destroyed through the burn mechanism. The total supply of Ethereum has reached 120,461,391 ETH, and the current supply growth rate is 0.52% per year.

ChainCatcher news, the community token GUI INU on APTOS announces the anniversary of its sale, and has matched and burned all the $GUI tokens raised during the previous GUI Gang NFT sale announcement.According to the Web3 asset data platform RootData, GUI INU (GUI) is a community token on APTOS, born out of the needs of the community.

ChainCatcher news, the meme project Baby Doge officially announced that its meme incubation platform Puppy.fun based on the BNB chain will launch this week. A portion of the platform's fees will be used to burn BabyDoge tokens to further reduce the circulating supply.

ChainCatcher news, Script Network announced the launch of node sales on December 5, 2024, and the opening of sales for Lighting Nodes on Node-X. This node can earn a total of 20% of SPAY tokens to expand its decentralized video streaming infrastructure, further promoting the decentralization and scalability of the network. The node sales plan aims to attract global users to participate and support the development of the network while providing community members with the opportunity to earn rewards by running nodes.Script Network also announced a three-year token burn plan. This plan will burn 3 million SCPT tokens quarterly, totaling 72 million tokens, which represents a significant proportion of the total token supply. This plan is expected to enhance the scarcity of SCPT and increase the token's appeal to investors and users.It is reported that Script Network is an innovative platform focused on decentralized video services, with a cumulative playback duration exceeding 100 million minutes.

ChainCatcher news, the decentralized trading platform Hashflow has announced that its token burn proposal has been approved. Starting today, the platform will use 50% of the protocol fees for the buyback and burn of HFT tokens. As the beginning of this plan, Hashflow has completed the destruction of over 900,000 HFT tokens.

ChainCatcher message, the official announcement from the full-chain AI game Cellula states that starting from now on, on the 18th of each month, a portion of the CELA tokens from Cellula's electricity revenue will be burned. On November 18th, 1,683,104.3 CELA tokens will be burned, accounting for 12% of the total airdropped tokens received.Electricity revenue address: 0xaBD1780208A62B9CBf9d3B7a1617918D42493933Currently, the total network computing power of Cellula has reached 32M, with 12,899 BitLife AI Agents in mining mode.

ChainCatcher news, the multi-chain decentralized exchange PancakeSwap announced on social media that it has burned 9,092,771 CAKE tokens, worth approximately 15 million dollars.

ChainCatcher news, according to official information, BNB Chain has completed the 29th BNB quarterly burn, with a total of 1,772,712.363 BNB burned, which had a dollar value of approximately 1.07 billion dollars at the time of the burn.

ChainCatcher news, ALIENX has announced a large-scale token burn plan AIX BURN MOON, which will burn up to 250 million AIX tokens in the next 30 days, accounting for 25% of the total supply.According to ALIENX's announcement, this burn plan consists of two main parts:200 million AIX will be burned from the team’s share, accounting for 100% of the team’s share, equivalent to 20% of the total supply.50 million AIX will be burned from the community ecosystem, accounting for 5% of the total supply.The AIX BURN MOON mechanism will be launched on October 25, 2024, and will last for 30 days until November 24.

According to ChainCatcher news, monitored by Lookonchain, since migrating from zksync to BSC on September 28, the price of Cheems has increased by approximately 500%.After a community vote, 161 trillion Cheems (worth 3.7 million USD, accounting for 7.33% of the total supply) that were not migrated within the stipulated time were destroyed 15 minutes ago.

ChainCatcher news, PancakeSwap disclosed on platform X that it has burned 8,889,897 CAKE, worth approximately 16 million dollars.