Burning Metrics Comparison: $DEXT VS. $RLB VS. $ETH
Deflationary tokenomics through regular token burns is an important factor for many investors when evaluating crypto projects. By analyzing the circulating supply changes and burn rates of three of the most deflationary tokens in circulation (DEXT, RLB, and the more established ETH), we can gain useful insights into how their tokenomics compare. Let's take a look at the 7-day and 30-day metrics to see which tokens are exhibiting the strongest deflationary pressures through regular burns.
$DEXT metrics:
Circulating supply: 93.5M
Burn last 7 days: 232.4K DEXT (0.248% of supply)
Burn last 30 days: 1.16M DEXT (1.236% of supply)
$RLB metrics:
Circulating supply: 3,16B
Burn last 7 days: 9.34M RLB (0.29% of supply)
Burn last 30 days: 35.30M RLB (1,11% of supply)
$ETH metrics:
Circulating supply: 120.22M
Burn last 7 days: 11.56K ETH
Burn last 30 days: 57K ETH
Issuance last 7 days: 15.57K ETH
Issuance last 30 days: 66.07 ETH
Supply change last 7 days: +4.01K ETH
Supply change last 30 days: +9.07K ETH
After analyzing the 7-day and 30-day burn metrics, DEXT has seen tokens removed from circulation at a rate approximately 1.11x faster than RLB over the past month. However, on a weekly basis, RLB's burn rate was slightly higher at 1.16x of DEXT's.
Due to its much smaller supply, $DEXT's burns have a greater deflationary impact percentage-wise. However, RLB has also seen respectable and consistent burns that are creating deflationary pressure. ETH on the other hand currently has inflationary tokenomics, as issuance outweighs minimal on-chain burns.
For investors focused on projects with defined token burn mechanisms, DEXT and RLB appear to be achieving their goals of regular supply reductions through platform usage. However, it's also important to note their current market caps:
DEXT $52M
RLB $441M
ETH $200B
It will be interesting to monitor how their respective burn rates and market caps change over time.
Do you have any deflationary tokens to suggest?