Platform $DYDX conducted a large-scale token burn after almost 4 months of inactivity. According to Etherscan data, 24.066 million DYDX tokens were sent from the Rewards Treasury address to a null wallet. Despite the positive news about the burn, the DYDX market remains under pressure. Social sentiment in the native community remains bullish. This is related to recent L2-level updates and the expansion of partnership integration. The token burn of $15.7 million is an important step to maintain DYDX scarcity. A clear signal is needed for sustainable growth.

If you liked it, give it a thumbs up)