Avalanche and its deflationary fee structure.
Avalanche users pay small fees when they execute smart contracts, send transactions, mint assets, and launch blockchains. All Avalanche fees get burned.
Burning is the act of sending tokens to an address that is non-withdrawable. The goal of deflationary protocols is to reduce inflation and to improve the network’s token value over time by creating more demand via a decreased market supply.
So far, Avalanche has burned 4,373,446 units of AVAX worth US$113,403,495
