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yyyApr 13, 2025 at 11:16 am
The token burning and destruction mechanism can only add icing on the cake and cannot provide timely help. Ethereum is a good example. EIP-1559 has been online for almost 4 years, burning 4.58 million $ETH , and the price has successfully dropped from $2,700 to $1,600; Cosmos' IBC Eureka was launched, and every transaction has been passed. The transaction fee for the routing will be burned. $ATOM Will deflate in disguise. But I don't think that the burning and destruction of such tokens is a potential push $ATOM After the launch of IBC Eureka, it's only two days so far, and the IBC Eureka GAS fee has been burned, with more than $130,000 of about 30,876 ATOM! Tracking URL: https:// mintscan.io/cosmos/address/cosmos13pxn9n3qw79e03844rdadagmg0nshmwf7qvuye … After IBC Eureka was launched, the entire Cosmos Hub was upgraded to a "blockchain decentralized router", becoming the safest and cheapest path for cross-chain assets. Every IBC Eureka routed through Cosmos Hub
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zon (mainnet arc)🪢Apr 13, 2025 at 12:43 am
we are seeing tailwinds in cosmos for the first time in a long time IBC Eureka goes live - fast bridging of wrapped assets from outside cosmos - Hub being used as a router of these wrapped assets, some possible path to $ATOM value (at long last thank you skip) - It's only been a
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