Weekly Project Updates: Optimism Grants Kraken Massive OP Token Allocation, Zircuit Airdrops for EigenLayer Holders and Stakers, Pyth Monthly Trading Volume Surpasses Chainlink, etc
1. BNB Foundation Completes 29th Quarterly BNB Burn link A total of 1,772,712.363 BNB, valued at approximately $1.07 billion, has been burned. Due to the ongoing BNB Chain integration, this quarter’s burn, as well as future burns, will occur directly on the Binance Smart Chain (BSC), with the corresponding BNB being sent to a “black hole” address. Additionally, BNB employs a real-time burn mechanism based on gas fees. BSC validators determine the proportion of gas fees collected in each block, burning a fixed percentage. Since the introduction of BEP95, around 242,000 BNB has been burned under this mechanism. 2. Optimism Foundation Approves Grant of 25 Million OP Tokens to Kraken link The Optimism Foundation has approved a grant of 25 million OP tokens to Kraken. At the time of the agreement earlier this year, the grant was valued at approximately $100 million, though it is now worth about $42.5 million. This deal, completed around January or February, facilitates Kraken’s use of Optim...