$SAVE Burns 50% of Token Supply, Eliminates Half of Protocol's Supply


Save protocol destroyed 50 million $SAVE tokens on May 13, permanently removing 50% of the total #token supply.


The announcement came via the protocol's official X account, emphasizing increased scarcity for remaining tokens.


This burn represents one of the largest supply reductions by percentage for a major #DeFi protocol in 2025.


Save, formerly known as Solend, operates as a leading #lending platform on the #Solana blockchain.


The May 13 burn follows recent governance proposals to optimize the protocol's tokenomics, fundamentally altering its supply-side economics.

image
May 13, 2025 at 6:16 PM
15