CryptoSlate· Liam 'Akiba' Wright·· 11d ago
BNB Chain burns 1.9% more tokens in October, dollar value rises 28.5%
Original source: CryptoSlateRead original
AI brief
BNB Chain completed its 37th quarterly burn on October 19, destroying 1,646,196.44 BNB with an approximate value of $1.197 billion. This represents a 1.9% increase in token quantity burned compared to July, while the disclosed dollar valuation rose 28.5%. The implied per-coin valuation increased from $576.61 to $727.34, indicating that most of the dollar value increase reflects higher pricing rather than significant changes in token supply.
Source: CryptoSlate · cryptoslate.com