Another 1m $AEVO has been burned 🔥
On a DeFi derivatives exchange, trading activity matters differently when exchange fees fund a supply mechanic.
Trades across markets such as $HYPE and $SOL contribute to Aevo’s exchange fees, which fund its monthly buyback and burn program.
October’s burn has now permanently removed another 1m AEVO from supply, bringing the total burned through AGP-3 and the monthly program to 78m AEVO.
That equals 7.8% of the original supply gone permanently.
More trading activity generates more fees available for future monthly buybacks 🔮
On a DeFi derivatives exchange, trading activity matters differently when exchange fees fund a supply mechanic.
Trades across markets such as $HYPE and $SOL contribute to Aevo’s exchange fees, which fund its monthly buyback and burn program.
October’s burn has now permanently removed another 1m AEVO from supply, bringing the total burned through AGP-3 and the monthly program to 78m AEVO.
That equals 7.8% of the original supply gone permanently.
More trading activity generates more fees available for future monthly buybacks 🔮
