A major DEX's burn proposal was approved by voting the day before yesterday, and the first batch of burn operations officially started at 4:30 a.m. today—100 million governance tokens were burned from the ecosystem treasury, equivalent to approximately $596 million. This is also a relatively rare large-scale operation in DEX history.

More importantly, according to the provisions of the governance proposal, this is not a one-time action. In the future, all transaction fees collected by the platform will be incorporated into the burn mechanism, regularly used for buybacks and token burns. This model is akin to the DEX directly returning part of its revenue to the entire ecosystem, supporting the token's value by reducing circulating supply, and to some extent, changing the operational logic of the platform's economic model.