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What is token burn?
A token burn or crypto burn is the process of destroying a certain number of tokens as a way to reduce the total supply of tokens in circulation. The purpose of a token burn is to decrease the inflation rate and increase the value of the remaining tokens.
How fast is token burn growing in popularity?
Interest in Token Burn grew -47% over the past year, compared to the year before, putting it at a current volume of 3.7K searches per month, as of last month.
The topic of token burn is being discussed mostly on Twitter and Linkedin to some extent. Twitter is the most popular platform for this discussion. This may be because Twitter is seen as a go-to platform for discussions on cryptocurrency.