AVAX is the native token of Avalanche. It’s a hard-capped, scarce asset that is used to pay for fees. All fees on Avalanche are burned, benefiting everyone in the community.

Dec 18, 2023 · Avalanche users have burned 439,000 AVAX, worth $16.7 million, over the last week when making transactions — reducing the token’s circulating supply. On the Avalanche …

Dec 18, 2023 · To date, 3.4 million AVAX tokens have been burnt through transactions valued at $129 million. The surge in the burn was led by the rise of inscriptions across Avalanche and …

Dec 18, 2023 · 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 …

Fees are burned, this includes all fees from the X, C, P-chain, and L1s that utilize AVAX as its gas token. These fees are not re-used, they are burned. To view the amount of fees burned thus …

Burning AVAX involves eliminating a portion of the supply. In simpler terms, this reduction in circulating supply leads to an increase in coin value due to high demand.

Avalanche’s [AVAX] burn rate spiked sharply in the last week, accelerating the rate at which native tokens were exiting circulation. According to AMBCrypto’s analysis of Avascan data, …

Avalanche network users have burned a record 439,000 AVAX, valued at $16.7 million, in transaction fees over the last week, significantly reducing the token's circulating supply. Unlike …

Dec 9, 2021 · Burn baby burn! All transaction fees (AVAX) on #Avalanche are burned and removed from circulation–benefitting all holders. Track total tx fees burned: burnedavax.com

Jul 5, 2023 · Understanding AVAX Fees: AVAX gas fees, crucial for Avalanche transactions and mimicking Ethereum's, deter spam, secure network, and potentially elevate AVAX value …