Burning | ForkLog

ForkLog 121 18.12.2025

Hyper foundation proposes $1 billion HYPE token burn

The non-profit Hyper Foundation has proposed to recognize the HYPE tokens held in the Assistance Fund as burned and permanently remove them from the total supply.

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ForkLog 99 10.07.2025

BNB Chain Burns Tokens Worth $1 Billion

The BNB Foundation has conducted its 32nd quarterly burn, destroying 1.6 million BNB tokens valued at over $1 billion. The 32nd quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC). 1,595,599.78 BNB has been burned. ? View burn details ?https://t.co/Zpd8EXfHPE pic.twitter.com/2Ls3peqwyj — BNB Chain (@BNBCHAIN) July 10, 2025 The total amount […]

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ForkLog 55 16.04.2025

HTX DAO Burns $19.2 Million Worth of Tokens in Q1 2025

On April 15, the decentralized autonomous organization (DAO) HTX DAO completed its latest quarterly token burn. During the first quarter of 2025, 11.3 trillion HTX tokens were destroyed, amounting to over $19.2 million, according to a press release. HTX DAO implemented the mechanism in early October 2024. As part of its deflationary model, the DAO […]

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ForkLog 39 14.04.2025

Bitget to Withdraw $120 Million in BGB via Updated Token Burn Mechanism

Cryptocurrency exchange Bitget will destroy 30,006,905 BGB (approximately $120 million) following an update to its quarterly token burn mechanism. This was announced in the blog and social media of the trading platform. #Bitget unveils a major upgrade to the $BGB burn mechanism — linking quarterly burns to actual on-chain gas usage via @BitgetWallet GetGas. ? […]

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ForkLog 72 24.03.2025

Ethereum’s Daily Burn Volume Hits Record Low

On March 22, Ethereum’s daily fee volume fell to a historic low, resulting in the removal of a minimal 53.07 ETH (~$106,000) from circulation. Source: The Block. In August 2021, the London hard fork implemented the EIP-1559 improvement proposal. It introduced a mechanism for burning a portion of transaction fees based on network load and […]

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ForkLog 185 17.02.2025

WikiLeaks Donor Burns 600 ETH, Leaves Messages on ‘Mind Control’

On February 17, a user burned 500 ETH (approximately $1.3 million at the time of writing), leaving an on-chain message warning of ‘mind control’ in Chinese. ‘Kuande Investment executives Feng Xin and Xu Yuzhi used computer-brain weapons to persecute all employees, including former ones, and even fell under its control themselves,’ the message stated. Kuande […]

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ForkLog 70 07.11.2024

HTX Unveils Tokenomics Enhancements with Burn Mechanism and Earn Integration

The introduction of a token burn mechanism and the integration of HTX Earn and PrimePool investment products are set to ensure the long-term growth and stability of the HTX DAO (HTX) governance token. This was announced by Liu Ye, spokesperson for the cryptocurrency exchange HTX, on X.

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ForkLog 6 01.11.2024

Binance Burns Over $1.07 Billion in BNB Tokens

Cryptocurrency exchange Binance has completed its 29th quarterly BNB token burn, removing 1.77 million coins worth $1.07 billion from circulation. The 29th quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC), with 1772712.363 $BNB being burned ? View burn details below ?https://t.co/QjGO4lmhDP pic.twitter.com/SrEKXtAc4Y — BNB Chain (@BNBCHAIN) November 1, 2024 The […]

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ForkLog 8 04.10.2024

Ethereum’s Inflation Surge Challenges Its ‘Hard Money’ Status, Says Binance

The increase in Ethereum’s issuance to a two-year high of 0.74% per annum (30 DMA) raises doubts about the cryptocurrency’s deflationary prospects and its status as ‘hard money’. This conclusion was reached by Binance, reports Cointelegraph. Experts highlighted the shift of network activity to L2, which led to a reduction in the number of transactions […]

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ForkLog 6 30.09.2024

Gram Token Surges 80% Following Emission Burn

On September 30, the creator of the experimental Gram (GRAM) token, Oleg Oskolsky, halted mining of the coin and burned 50% of its emission, amounting to $8.5 million. Approximately 2.52 billion GRAM were destroyed, leaving around 2.46 billion coins in circulation. The total market capitalization decreased from $18.4 million to $9.12 million. In January 2024, […]

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ForkLog 21 26.09.2024

Hamster Kombat Developers Promise New Games, NFTs, and Token Burn

The Hamster Kombat team has unveiled their development plans for the game over the coming months. Roadmap for the clicker game. Source: Hamster Kombat website. In October, the plans include: launching the second season; expanding the game library; integrating external payment systems. In November, developers will add: PWA for payment service integration; the first games […]

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ForkLog 6 22.07.2024

BNB Foundation Burns Tokens Worth $971 Million

The BNB Foundation has removed 1.644 million BNB from circulation, valued at approximately $971 million, as part of its 28th quarterly token burn. The 28th quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC), with 1,643,699 #BNB has been burned.? ? View burn details: https://t.co/gE4IEsQlg3 pic.twitter.com/jTZqZqcjhH — BNB Chain (@BNBCHAIN) July […]

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