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.