In the first week of August, $289.3K in fees were burned, the highest in the past year, and 3x the previous record!
What’s wild? Network activity and transaction counts didn’t spike, so this record likely comes from:
More compute-heavy transactions than storage
APT price swings boosting the USD value
Failed transactions still consuming gas
Dashboard reporting quirks or timing slices
Key takeaway: Even without new activity, the burn reduces APT supply, strengthening the token’s scarcity and long-term value potential. It’s a subtle but powerful signal for the ecosystem:rocket: