77 million tokens burnt in total 🔥
$ETH traders understand burn mechanics, while $HYPE traders understand what real exchange fee revenue looks like. The combination of the two is what's been happening quietly at Aevo and the number keeps moving.
The through-line is straightforward. Options Easy Mode launched and more traders started using options. HYPE landed on PERPS+ and traders who were running HYPE on naked perps now have defined-risk tools on the asset. Every addition brings more trading activity, more trading activity generates more exchange fees, more fees fund the monthly buyback and burn.
1 million tokens bought off the open market and burned this month.
The product shipped, the volume followed, the burn ran.
That's the best approach a project can take 🌟
#Altcoin Season#
$ETH traders understand burn mechanics, while $HYPE traders understand what real exchange fee revenue looks like. The combination of the two is what's been happening quietly at Aevo and the number keeps moving.
The through-line is straightforward. Options Easy Mode launched and more traders started using options. HYPE landed on PERPS+ and traders who were running HYPE on naked perps now have defined-risk tools on the asset. Every addition brings more trading activity, more trading activity generates more exchange fees, more fees fund the monthly buyback and burn.
1 million tokens bought off the open market and burned this month.
The product shipped, the volume followed, the burn ran.
That's the best approach a project can take 🌟
#Altcoin Season#
