Cointime

Download App
iOS & Android

A Total of 37,212.18 DMD Permanently Burned Over the Past 7 Days

July 9, 2026 — According to the latest on-chain data released by DMDAO, a total of 37,212.18 DMD has been permanently burned over the past seven calendar days through the protocol's predefined trading and wealth management burn mechanisms. 

Progressing Toward the Target Supply: As the burn mechanism continues to operate, DMD is steadily converging toward its target maximum supply of 1,000,000 DMD. With ongoing on-chain activity and the continuous operation of the protocol mechanisms, the overall circulating supply in the market is being gradually reduced.

Protocol Performance: The consistent accumulation of burn data directly reflects the recent performance of the protocol's underlying market-making system in capturing high-frequency on-chain spreads, as well as its real business activity. Driven by the deflationary model, the reduction in token circulation helps enhance the value-bearing capacity of the remaining supply.

Market Liquidity Outlook: As public market trading pairs continue to operate smoothly, DMD is steadily integrating into the broader secondary market. This not only attracts a more diverse range of external participants but also contributes to strengthening the long-term stability of the liquidity pool and expanding the overall growth potential of the ecosystem.

The deflationary mechanism continues to operate as designed, while the market structure continues to improve steadily. The DMDAO team will remain committed to maintaining transparent disclosure of on-chain data.

Comments

All Comments

Recommended for you

  • BTC Surpasses $79,000

    Market data shows that BTC has surpassed $79,000, currently priced at $79,007.26, with a 24-hour increase of 2.33%. The market is highly volatile, so please ensure proper risk management.
  • BTC Surpasses $79,000

    Market data shows that BTC has surpassed $79,000, currently priced at $79,007.26, with a 24-hour increase of 2.33%. The market is experiencing significant volatility, so please ensure proper risk management.
  • BitMine Increases ETH Holdings by 32,447, Total Holdings Exceed 5.847 Million ETH

    As of August 23, Eastern Time, BitMine's total cryptocurrency and cash holdings, along with its 'Moon Landing Plan,' amount to $14.9 billion. BitMine holds 5,847,611 ETH (an increase of 32,447 ETH from last week), which represents 4.8% of the total Ethereum supply of 120.7 million ETH. Additionally, it holds 210 BTC, shares in Beast Industries valued at $180 million, shares in Eightco Holdings (NASDAQ: ORBS) worth $89 million, and $308 million in unsecured cash. As of August 23, 2026, the total amount of staked ETH by BitMine is 5,067,309 ETH, which totals $12.4 billion at a price of $2,440 per ETH.
  • Strategy Increases Cash Reserves by $1.59 Billion and Repurchases $136 Million of $STRC

    On August 24, Strategy raised its dollar reserves to $5.1 billion, adding $1.59 billion in cash and repurchasing $136 million of $STRC. As of August 23, 2026, Strategy holds approximately 4% of the total Bitcoin supply, with a net leverage ratio of about 0%. The increased cash reserves enhance Strategy's 'digital credit capital framework' and are specifically designated for the regular uses of the Bitcoin treasury company, including acquiring Bitcoin, paying preferred stock dividends and interest, repurchasing MSTR/preferred stock, repaying convertible bonds, and increasing dollar reserves. These measures further strengthen $STRC. Assuming a Bitcoin annualized return (ARR) of 10%, a volatility of 40%, and a price of $77,004, the dollar duration is now 3.9 years (an increase of 414 days), and the STRC Bitcoin credit spread is 59 basis points (a decrease of 21 basis points).
  • Strategy Increases Cash Reserves by $1.59 Billion and Repurchases $136 Million of $STRC

    On August 24, Strategy increased its dollar reserves to $5.1 billion, adding $1.59 billion in cash and repurchasing $136 million of $STRC. As of August 23, 2026, Strategy holds approximately 4% of the total Bitcoin supply, with a net leverage ratio of about 0%. The cash reserves enhance Strategy's 'digital credit capital framework' and are specifically designated for the regular uses of the Bitcoin treasury company, including acquiring Bitcoin, paying preferred stock dividends and interest, repurchasing MSTR/preferred stock, repaying convertible bonds, and increasing dollar reserves. These measures further strengthen $STRC. Assuming a Bitcoin annualized return (ARR) of 10%, a volatility of 40%, and a price of $77,004, the dollar duration is now 3.9 years (an increase of 414 days), and the STRC Bitcoin credit spread is 59 basis points (a decrease of 21 basis points).
  • Strategy Sells 18.26 Million Shares for Approximately $2.01 Billion

    On August 24, Strategy sold approximately 18.26 million shares for about $2.01 billion.
  • Strive Increased BTC Holdings by 1,110 Last Week, Total Holdings Exceed 21,000

    On August 24, according to an 8-K filing submitted by Strive to the U.S. SEC, the company purchased 1,110 Bitcoins at an average price of approximately $73,409 from August 17 to 21, 2026, marking a significant increase compared to previous weekly purchases. As of August 21, Strive's total Bitcoin holdings reached 21,356, along with 505,000 shares of Strategy STRC preferred stock (with a fair value of approximately $48.57 million) and about $171.9 million in cash.
  • Strategy Sells 18.26 Million Shares for Approximately $2.01 Billion

    On August 24, Strategy sold approximately 18.26 million shares for about $2.01 billion.
  • Strive Increases BTC Holdings by 1,110 Last Week, Total Holdings Exceed 21,000

    On August 24, according to an 8-K filing submitted by Strive to the U.S. SEC, the company purchased 1,110 bitcoins at an average price of approximately $73,409 from August 17 to 21, 2026, marking a significant increase compared to the previous weekly purchase volume. As of August 21, Strive's total bitcoin holdings reached 21,356, along with 505,000 shares of Strategy STRC preferred stock (fair value approximately $48.57 million) and about $171.9 million in cash.
  • Strategy Maintains Bitcoin Holdings, Increases Dollar Reserves to $6.68 Billion

    Strategy did not purchase Bitcoin last week, and its dollar reserves increased by $1.88 billion to $6.68 billion.