A major DEX platform's token burn plan has officially been launched. According to the implementation following the governance proposal approval, the treasury has already burned 100 million platform tokens, which, at the current price, amounts to approximately $591 million to $596 million — this level of burn is indeed significant.

More importantly, all protocol fees collected by the platform going forward will be used for continued token burns. This means that burning is not a one-time action but a long-term, sustainable mechanism. In the current increasingly competitive DEX landscape, this approach of burning tokens to enhance scarcity also serves as a way to benefit token holders. Whether the ongoing burn plan can drive up the token's value remains to be seen.