A leading DEX platform recently completed a large-scale burn of 100 million tokens, equivalent to nearly $600 million worth of circulating supply. More notably, the platform announced that it will continue to use trading fees for token burns, marking a shift in the token economic model from pure governance to value capture.

From the supply and demand perspective, this burn directly reduces the circulating supply. As fees are continuously used for burning, the token enters a true deflationary cycle. As a dominant aggregator exchange, the platform's fee income has maintained steady growth. With increasing scarcity and strengthened community consensus, the price is naturally supported. This creates a clear positive feedback loop: platform profits → token deflation → holder benefits.

On the technical side, this positive news breaks the previous range-bound consolidation pattern. After the burn announcement, trading volume is expected to significantly increase. If it breaks through the previous high, it will form a typical "volume breakout" pattern, with the previous lows serving as strong support. Indicators like MACD and RSI also show signs of turning upward, gradually establishing a bullish trend.

Looking ahead, the fundamentals remain solid. The platform's position as a DEX leader is stable, with V3's concentrated liquidity mechanism forming a core competitive advantage, making it difficult for market share to be shaken. The token burn mechanism has completed a key upgrade, directly converting platform profits into token deflation. When the crypto market recovers around 2026, increased trading demand will further boost fee income, and the burn volume will rise accordingly. Coupled with continuous improvements in Layer 2 and cross-chain deployment, the overall ecosystem's valuation potential is quite considerable.