The total number of RLB tokens burnt constitutes 43.8% of the initial supply.
Leading online gaming platform Rollbit reported revenue of $64.83 million for March 2024, an increase of 3.93% over February. The 30-day revenues for casino, crypto futures, and sports are $34,572,609.43, $8,068,847.80, and $22,196,713.08, respectively.
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Sports betting revenue, which dramatically surged to $34.1 million in February, dropped 35.19% to $22.2 million in March, but it’s still strong compared to the previous months.
However, the overall revenue figures match those in January, when its monthly revenue surged to $65 million, marking a 12% increase from December 2023.
The Curaçao-licensed crypto casino platform reported significant growth across its casino, crypto futures, and sports betting platforms, with the casino segment contributing the most at $48.3 million, followed by sports betting and crypto futures.
43.8% RLB Tokens Burnt So Far
Additionally, the platform has disclosed data regarding the burn of its native token, RLB. In the 30 days of March, 80,313,836 RLB tokens worth $9,313,836 were burnt.
This brings the total number of RLB tokens burned to 2,193,590,286, 43.8% of the initial supply of 5 billion tokens. At the same time, the total circulating supply is down to 2,806,409,714 RLB tokens, which is 56.13% of the initial supply.
Roller-Coaster Price Movement
While RLB started the month strong, closing at $0.137 on March 3rd, it faced a downward trend throughout the middle of the month. By March 14, the price had dipped to $0.110, a decrease of over 20%.
However, the latter half of March saw a partial recovery for RLB. The token price climbed steadily, closing at $0.117 on March 30. Despite the positive finish, RLB still ended the month down around 14% compared to its opening price.
Analysts offer various reasons for RLB’s volatility, including broader market fluctuations that have impacted cryptocurrencies.
