Token burn

GateToken

2026-10-05 06:29:16

GateToken burns nearly 2 million GT in Q3 2026, cumulative total reaches 191.93 million

GateToken (GT) completed its on-chain burn for the third quarter of 2026, according to an official announcement cited by Odaily. A total of 1,987,321.2431520 GT was sent to a burn address in the latest round, with the value of the destroyed tokens exceeding $22.35 million. The update brings GT’s cumulative burned supply to 191,934,541 tokens, with total burned value surpassing $1.504 billion based on average quarterly prices. GT serves as Gate’s core platform token and the native asset of Gate Chain. It is used as a utility token on the network and as a gas fee payment token supporting basic on-chain functions such as transfers. Since the launch of the Gate Chain mainnet in 2019, GT has continued to follow its burn mechanism, reducing total supply by about 63.98% from the original 300 million tokens. The announcement also noted recent market performance. GT has risen 32.49% over the past 30 days and 63.63% over the past 90 days. Gate said it will continue advancing the GT burn mechanism to reduce market supply over time, optimize token supply structure, and strengthen GT’s scarcity and long-term value foundation.

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StonkFun

2026-10-05 04:50:33

StonkFun says rewards paid to incentive token holders have topped $90 million

StonkFun, a token issuance platform on Solana, said it has distributed more than $90 million in rewards to holders of its reward token, according to a post cited by Odaily. The platform also disclosed its revenue for Oct. 4, saying it brought in $590,300 that day. Of that amount, about $353,600 was used for buybacks, while 1.79 million STONK tokens were burned. The update provides a snapshot of the platform’s reward distribution and capital allocation on a single day, covering cumulative payouts, daily revenue, buyback spending, and token burn volume.

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Hyperliquid

2026-10-05 02:19:56

Hyperliquid bought and burned 112,580 HYPE over the past 24 hours

According to monitoring data from Onchain Lens, Hyperliquid bought and burned 112,580 HYPE in the past 24 hours at a volume-weighted average price of $90.2, with the transaction valued at about $10.15 million. The funds may have come from AQAv2 revenue and fees. The same data set showed estimated fees of $989,000 over 24 hours, revenue of $9.85 million over seven days, and $52.06 million over 30 days. In total, 49.25 million HYPE, worth about $4.45 billion based on the figures cited, has now been permanently removed from circulating supply.

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Hyperliquid

2026-10-05 02:15:55

Hyperliquid burns 112,580 HYPE in 24 hours, with cumulative burned value reaching about $4.45 billion

Onchain Lens said Hyperliquid bought back and burned 112,580 HYPE over the past 24 hours at a volume-weighted average price of $90.2, putting the value of the burn at roughly $10.15 million. The tracker said the purchases may have been funded by AQAv2 revenue and fees. Over the same period, Hyperliquid’s estimated fees came to $989,000. The platform’s revenue was listed at $9.85 million over seven days and $52.06 million over 30 days. Cumulatively, 49.25 million HYPE have now been permanently removed from circulation, with an estimated value of about $4.45 billion. The figures were cited in an Odaily report referencing Onchain Lens monitoring.

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Cronos

2026-10-04 03:40:04

Cronos governance proposal passes to use product revenue for CRO buybacks and burns

Cronos has approved Cronos POS governance proposal #37, with voter participation at 48.36% and 99.78% of votes cast in favor. The proposal says 100% of revenue generated by Ult and Cronos Launch will be used to buy CRO on the open market, with the tokens then burned on-chain every month. Transaction hashes tied to those buyback-and-burn operations are set to be disclosed publicly. The proposal also calls for using the Strategic Reserve to supplement future Cronos POS staking rewards. At the same time, the measure is described as a signaling governance proposal rather than an executable one, meaning it does not include executable messages and will not directly change on-chain parameters. Product revenue is already trackable, while the buyback-and-burn contract and the related automation mechanism are still under development, according to the item cited by Techub News.

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Cronos

2026-10-04 03:13:33

Cronos approves tokenomics proposals, bringing total CRO burned to 428 million

Cronos Network said two tokenomics proposals have passed community voting, clearing the way for additional CRO burn measures and a new revenue allocation plan. The network said 228 million CRO from the Cronos community pool has already been burned, taking the cumulative amount destroyed to 428 million CRO. Under the approved framework, 100% of revenue generated by Cronos Ult and Cronos Launch will be used to buy back CRO on the open market. Those tokens will then be burned on a monthly basis, and the related transaction hashes will be made public. Cronos also said its staking reward mechanism will remain unchanged. Funding for those rewards will continue to come from the strategic reserve, according to the update cited by Odaily.

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Cronos

2026-10-04 03:21:35

Cronos passes two tokenomics proposals, burns 228 million CRO

Cronos Network said on Oct. 4 that two tokenomics proposals have passed, with 228 million CRO from the community pool already burned. The move brings the token’s cumulative burn total to 428 million CRO. Under the approved proposals, all future revenue generated by Ult and Cronos Launch will be used to buy back CRO from the open market, followed by monthly burns. Cronos also said all related transaction hashes will be disclosed publicly. The update lays out both the completed burn and the mechanism for future buybacks and burns tied to revenue from the two products.

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Cronos

2026-10-04 03:12:56

Cronos says two tokenomics proposals passed, with 228 million CRO burned

Cronos Network said in a post on X that both of its tokenomics proposals have passed community voting. Following the vote, 228 million CRO from the Cronos community pool has been burned, bringing the network’s cumulative burn total to 428 million CRO. The project also said that 100% of revenue generated by Cronos Ult and Cronos Launch will be used to buy back CRO on the open market, with tokens to be burned on a monthly basis. Cronos added that the transaction hash for each buyback and burn will be made public. At the same time, the network said its staking rewards mechanism will remain unchanged, and that those rewards will continue to be funded by the Strategic Reserve.

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