USTC burns are driven by taxes derived from on-chain transactions, and donations that are sent to the official burn wallet.
Changes to total supply of USTC from on-chain sources are largely derived from taxes, and are are a bellweather for the health of the chain. More utility = more taxes = more USTC burned 🔥
|Rank||Owner||LUNC Burned||% Total||Wallet Address|
|1||Terra Form Labs||438,873,713||29.3%||terra1xtlkxkund5xxsj8uj94y6fmx2sf9unkc9l7lpg||See all burns|
|2||KUCOIN||6,869,940||0.5%||terra1rvxcszyfecrt2v3a7md8p30hvu39kj6xf48w9e||See all burns|
|4||Binance||1,895,721||0.1%||terra132wegs0kf9q65t9gsm3g2y06l98l2k4treepkq||See all burns|
|5||Binance||1,688,998||0.1%||terra1hhj92twle9x8rjkr3yffujexsy5ldexak5rglz||See all burns|
|6||Binance||689,384||0.0%||terra1az3dsad74pwhylrrexnn5qylzj783uyww2s7xz||See all burns|
|7||#BURNITALL Validator||340,322||0.0%||terra16aumxyfeh2vrd2kr9qk2gadmwmg4jm5kw6nryp||See all burns|
|8||Binance||100,037||0.0%||terra1urj8va62jeygra7y3a03xeex49mjddh3eul0qa||See all burns|
|10||Luna Station 88||87,713||0.0%||terra1j27nm2gjm0m4lsye8lspa46rax0rw4fge9awrs||See all burns|
Like many, I lost big during the Terra collapse. I didn't panic sell when UST de-pegged, and consequently lost a huge portion of my savings. It was a hard lesson to learn.
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