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.
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.
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.
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.