Remember when the inscription was hot?
avax has the super property of burning fees
In the long run, the number will definitely become smaller and smaller.
In the short term, it has been pushed down to 20-30 US dollars, which is a very good investment price.
Bull market target 150-300 US dollars
The surge in AVAX burn volume on the C-chain is primarily due to the launch of Inscription, which allows data to be stored on Avalanche’s C-chain, thus driving the exit of AVAX volume.
Avalanche burns at record speed AVAX
@kevinsekniqi estimates that if the burn rate remains at the spot rate, approximately $400 million in tokens could disappear from circulation. This could be an important number to support AVAX bulls in the long term, as reducing supply with constant demand will naturally lead to higher prices.
The heightened activity in recent days stems from more than 2.3 million daily transactions related to users creating and transferring "ASC-20" tokens to permanently write data to Avalanche's C-chain. On average, the Avalanche C chain handles approximately 450,000 transactions per day. However, looking at on-chain data, this number has been changing in recent days.
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