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Avalanche Token Destruction Hits Record High with Nearly 439,000 AVAX Burned

According to Foresight News, last week saw a record high in the destruction of Avalanche (AVAX) tokens, with approximately 439,000 AVAX burned, valued at around $16.7 million. This represents a nearly tenfold increase compared to the previous week.

Avalanche's token burning mechanism is consistent with EIP-1559. To date, about 3.4 million AVAX tokens have been destroyed, worth $129 million.

source: Tradingview and Binance


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