Burn
Burn measures the total amount of ICP permanently removed from circulation over a selected period. This metric aggregates all burn transactions executed during the chosen timeframe, summing the amounts to provide a single value representing token destruction.
How it’s calculated
- All burn transactions within the selected period are fetched and summed.
- Only transactions that permanently remove ICP from circulation are counted.
- Values are updated continuously to reflect new burn activity as it occurs.
What this metric highlights
- Indicates the quantity of ICP permanently removed from the total supply, which can affect scarcity and long-term supply dynamics.
- Rising burn values may reflect increased network usage or protocol-driven deflationary mechanisms.
Limitations
- Measures amounts burned, not intent or economic impact; it does not indicate who burned the tokens or why.
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