Ah, Pi Networkâwhat a grand illusion. Once hailed as the future of cryptocurrency, it now teeters on the brink of oblivion, crashing faster than a student’s hopes at exam time. Since its much-hyped mainnet launch in February, Piâs value has plummetedâdropping from a lofty peak to a mere $0.62 Thursday, which, in the cruel language of finance, is a 62% nosedive this year alone. And get this: itâs down 80% from its all-time highâtalk about a rollercoaster that forgot to stop. đąđ
The culprit? Oh, just token inflation, my dear reader. Millions of Pi coins are being unlocked dailyâyes, like a magician pulling coins out of thin airâadding an endless supply that depresses the price. Estimated to unlock over 1.5 billion PI in the next year, itâs no wonder the value is suffering. As they say, too much of a good thing spoils the brothâor in this case, the coin. đČđž
But fret not! While Pi flails helplessly, the crypto world is waking up to deflationary altcoinsâthose rare creatures that reduce their supply instead of flooding the market like an overzealous floodgate. Reduced supply? Yes, please! Here are some of the top âblue-chipâ deflationary coins to considerâmore promising than betting on a dead horse, I assure you.
Binance Coin
Binance Coin (BNB) is practically the poster child for deflationary coins. Thanks to its real-time and quarterly burnings, itâs like a perpetually shrinking sweaterâexcept itâs valued in millions of dollars. Burning a portion of gas fees in real-time, Binance has incinerated tokens worth over $172 million. Oh, and quarterly burns? They’ve torch-burned over $1 billion worth of tokensâwho needs fire drills when you have Binance? đ„đȘ
This fiery process will continue until circulating supply drops from over 140 million BNB to a modest 100 million. And the network itself? Robust beyond beliefâhandling over $227 billion in transactions last month, outpacing Ethereum, Solana, and all their little friends combined. Because nothing says âtrust meâ like processing hundreds of billions faster than a caffeine-fueled hacker. đ
Tron
Next up is Tron (TRX)âthe blockchain that burns more than it creates. Picture this: from 101.9 billion tokens in 2021 down to around 94 billion today. Talk about trimming the fat! Last Thursday, a whopping 7.6 million TRX were burned, compared to just 5.06 million generated. Tronâs secret weapon? Burning tokens through transaction fees and smart contract executions, all while processing over 268 million transactions in 30 days. That’s practically a transaction marathonâwithout the sweaty shirt. đââïžđš
Terra Luna Classic
And finally, Terra Luna Classic (LUNC)âwhatâs left after Terraâs spectacular collapse akin to a house of cards. LUNC actively slashes its supply through constant burns. Since 2022, it has incinerated over 410 billion tokens, leaving a circulating supply of about 5.48 trillion. Yes, trillionsâbecause apparently, more zeros are always better? This week alone, 735 million tokens went up in flames, thanks to the brave efforts of Terraform Labs and their fellow scorersâBinance, DFLUNC Protocol, LunaticsToken, and MEXC. Binance even burns a share of its fees each month; talk about setting money on fire, but in a good way. đ„đ„
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2025-06-05 21:50