Token burn

AAVE

2026-09-29 11:33:06

AAVE Tops $170, Hits Highest Level Since Jan. 19

AAVE rose past $170, marking its highest level since Jan. 19, according to Bitget market data. The token was up about 15% over the past 24 hours at the time cited in the report. The move came after earlier remarks from Aave founder Stani Kulechov, who said the project is considering adding an AAVE burn mechanism to Aavenomics 3.0. The report did not provide further details on timing or implementation. Foresight identified the move as a market update and linked the price action with the previously disclosed discussion around tokenomics changes. No additional on-chain data, trading volume figures, or exchange-specific breakdowns were included in the source.

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Aave

2026-09-28 23:41:16

Aave founder says AAVE burn mechanism is under consideration for Aavenomics 3.0

Aave founder Stani Kulechov said a burn mechanism for the AAVE token is being considered as part of Aavenomics 3.0, the protocol’s tokenomics overhaul. The plan follows earlier measures tied to the reform, including AAVE buybacks backed by protocol revenue and adjustments to the Safety Module. Kulechov did not disclose how the burn would work, how large it could be, or what funding source would support it. The latest comment points to another possible change under the Aavenomics framework, though key implementation details remain undisclosed at this stage.

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BigShort

2026-09-28 08:50:43

BigShort launches BigShort101 burn loop for top 100 meme tokens

BigShort said on X that its burn-loop mechanism, BigShort101, is now live. Under the structure described by the project, SHORT will be used to buy and burn the token ranked No. 1. The top-ranked token will then be used to buy and burn the token ranked No. 2. BigShort said the mechanism will continue in sequence through the top 100 tokens. According to the post, the design is intended to support joint ecosystem development across participating communities. The company did not disclose additional operational details in the brief update cited by Odaily.

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BigShort

2026-09-28 06:45:04

BigShort to burn remaining SHORT airdrop reserve, keep 500 million for future CEX liquidity

BigShort said on X that, following discussions between the community and the team, all remaining SHORT tokens in its airdrop reserve will be burned, with only 500 million tokens retained for future centralized exchange, or CEX, liquidity needs. The update outlines how the project plans to handle the undistributed portion of its airdrop allocation. The project also disclosed figures from its first airdrop round. According to the post, 56,243 addresses completed the claim process, and a total of 6.143 billion SHORT tokens were distributed. No additional details on the burn schedule or specific exchange plans were provided in the source material. The announcement was reported by Odaily under the market analysis category.

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Polygon

2026-09-27 08:43:35

Polygon Co-Founder Says Another 25 Million POL Will Be Burned as Network Targets 1 Millisecond Confirmations

Polygon co-founder Sandeep said POL, formerly known as MATIC, remains one of the market’s most overlooked projects, while outlining a fresh round of token burns and several network upgrades. According to his post, the POL community has recently accumulated onchain revenue and permanently burned 100 million POL, or about 1% of the total supply. He added that another roughly 25 million POL is still being accumulated and is also set to be burned. Sandeep also pointed to product and infrastructure progress on the network. He said Polymarket has launched perpetual contracts on Polygon, and that recent upgrades are pushing Polygon PoS toward a more advanced blockchain architecture. In his description, the network is expected to reach 1 millisecond confirmation times in the future through block streaming. He also said OMS will soon add capacity for about 1 million extra transactions per day on Polygon. The remarks were published in an Odaily newsflash and centered on token supply reduction, performance upgrades, and growing application activity on the network.

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Polygon

2026-09-27 08:41:43

Sandeep says POL community has burned 100 million tokens, with another 25 million planned

Polygon co-founder Sandeep said in a post on X that the POL community has cumulatively and permanently burned 100 million POL from on-chain revenue, equal to about 1% of the token’s total supply. He added that roughly 25 million more POL will be burned later. In the same post, Sandeep described POL, formerly MATIC, as "the most undervalued and overlooked project." He also outlined several developments tied to the Polygon ecosystem. According to his statement, Polymarket has launched perpetual contracts on Polygon. He said Polygon PoS is moving toward a more advanced blockchain following recent upgrades and may eventually reach 1 millisecond confirmation times through block streaming. He also said OMS is close to adding around 1 million transactions of daily processing capacity to Polygon. The remarks were cited by ChainCatcher.

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Hyperliquid

2026-09-26 18:23:56

Hyperliquid burns 10,400 HYPE in 24 hours, cumulative burn reaches $4.48 billion

Hyperliquid bought back and burned 10,400 HYPE over the past 24 hours at a volume-weighted average price of $91.97, according to monitoring by Onchain Lens. The tokens burned in the latest 24-hour window were worth about $956,800. The platform has now burned a cumulative 48.96 million HYPE, valued at about $4.48 billion. That total accounts for 4.9% of the token’s maximum supply. Onchain Lens data also showed Hyperliquid generated $58.27 million in revenue over the past 30 days. The figures highlight the latest update in Hyperliquid’s ongoing HYPE burn activity, based on the data cited by Odaily.

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Polygon

2026-09-26 02:28:00

Polygon Burned 100 Million POL, but the Deflation Story Has Yet to Lift the Token

Polygon has completed the first major burn of POL under its fee-collection mechanism, with Polygon Foundation CEO Sandeep Nailwal saying on Sept. 23 that the burn contract was ready for anyone in the community to trigger. A few hours later, he posted a Polygonscan transaction hash showing that 100 million POL had been permanently destroyed. At roughly $0.10 per token that day, the burn was worth about $10 million. The tokens did not come from the foundation treasury. They came from a contract that had accumulated base fees on Polygon PoS, which has used an EIP-1559-style fee structure since January 2022. Nailwal had previously said the collection address held about 121 million POL, meaning the first burn removed around 83% of that balance, with the rest left for future community-triggered quarterly burns. The article argues that the burn is real, but limited in what it changes. POL started with a 10 billion supply through the 1:1 MATIC migration, and total supply before the burn was around 10.7 billion. That puts the 100 million burn at about 1% of initial supply and roughly 0.93% of current supply. Against Polygon documentation showing effective annual issuance of about 2% after June 2025, the one-off burn does not offset even half a year of gross issuance. At the same time, Polygon continues to post revenue and stablecoin payment activity while going through executive departures, layoffs, acquisitions, and a narrower business focus.

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