Total Burn
Total Burn measures the cumulative amount of ICP permanently removed from circulation since the network’s inception. This metric aggregates all historical burn transactions to provide a single value representing the total token destruction over the lifetime of ICP.
How it’s calculated
- All burn transactions recorded since genesis are aggregated to compute the cumulative burn.
- Only transactions that permanently remove ICP from circulation are included.
- Values are updated continuously as new burn transactions occur.
What this metric highlights
- Reflects the total reduction of circulating ICP supply over time, which can influence scarcity and long-term supply dynamics.
- Helps track the overall impact of network fees, protocol mechanisms, and deflationary activity.
- Provides historical context for supply management and economic behavior on the ICP network.
Limitations
- Measures amounts burned, not the intent or actors behind the burn transactions.
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