A leading blockchain's native token has ushered in its first major burn event of 2026.

Data shows that the just-completed 34th quarterly burn was significant—1,371,803.77 tokens were permanently removed from circulation. Based on the market price at the time of burn, this amounts to approximately $1.277 billion in assets burned. After this operation, the remaining circulating supply of the token decreased to 136,361,374.34 tokens, bringing it closer to the official ultimate goal of 100 million tokens.

It is worth noting that this burn consisted of two parts. The vast majority came from the automatic burn mechanism, contributing 1,371,703.67 tokens; the remaining 100.1 tokens were part of a compensation plan designed to offset losses from assets permanently locked due to user errors. This design detail reflects the project team’s consideration of balancing deflationary logic with user protection.

On a broader level, this burn occurred right after a major network upgrade. The previous day's hard fork reduced block generation time from 0.9 seconds to 0.45 seconds, effectively doubling the network throughput. As performance doubled, the token’s deflationary mechanism was also intensified—ongoing real-time burns continue, complemented by quarterly automatic burns. Under this dual drive, the token’s scarcity is being further reinforced.

From an economic perspective, this is a classic deflationary token design. As network activity increases, the burn volume may further grow, but the total supply ceiling is continually pushed downward. In the long term, this asymmetric supply and demand structure is likely to support the price. Of course, the ultimate market performance will also depend on actual adoption and ecosystem development.