Crypto casino Rollbit recorded a 7.70% increase in its November 2024 revenue compared to the previous month. The casino, crypto futures, and sports revenue for the 30-day period of November stood at $19.34 million, $7.41 million and $2.60 million, respectively, taking the total to $29.37 million.
In October, Rollbit posted a 16% increase in month over month revenue to a little over $ 27 million. As usual, the casino segment contributed the most, accounting for $21.47 million, followed by crypto futures and sports at $3.78 million and $2.01 million.
RLB Tokennomics
During the same period, Rollbit bought and burnt 52.38 million RLB tokens worth $4.21 million. It brought down the current circulating supply to 2,332,317,324 RLB or 46.65% of the initial circulating supply of five billion RLB tokens. In October, over 45 million RLB tokens were burnt.
Rollbit buys and burns RLB token every hour from its revenue as per a fixed proportion from the three revenue streams.
RLB Price Movement
RLB tokens have been on fire in recent weeks, gaining over 100% in a 30-day period. At the time of going to press (11.36 am, 4 December 2024), RLB was up 11.86% to $0.1423 on a 24-hour time frame, 24.57% on 7-day period, and 125.07% on a 30-day period. With a market cap of $331.32 million, RLB was placed at 254 on CoinMarketCap.
