Burns $3.7M worth of RLB in 30 days, showing strong revenue growth.
Cryptocurrency casino and trading platform Rollbit has announced its latest monthly revenue and RLB token burn statistics. The platform generated over $29.6 million in revenue, about 3.64% more than in December, across its casino, crypto futures, and sports betting platforms in the past 30 days.
Specifically, Rollbit’s casino operations raked in $22,283,556.78, while its crypto futures platform generated $4,448,034.21. The sports betting vertical contributed a further $2,948,087.64.
Buy and Burn
In line with its buy-and-burn program, Rollbit destroyed 42,508,544 RLB tokens, equivalent to $3,737,145.10, over the same period. It brings the total RLB burned to 2,743,844,023 tokens, representing 54.88% of the total supply. The circulating supply now stands at 2,258,155,877 RLB or 45.12% of the total.
“Nearly $30 million in revenue over the past 30 days has sent 42,508,544 Rollbit Coins, valued at $3,737,145, to the burn address.The month of buy & burns has decreased the circulating supply by 1.85% to 2,256,155,977 $RLB,” Rollbit stated on X while sharing the December revenue and buy and burn details.
RLB Price Movement
At the time of going to press, RLB was trading at $0.08773, 18.68% up on the 24-hour timeframe. On a 7-day timeframe, it’s up 17.27% and on a 30-day, it’s down 8.49%. With a market cap of $196.39 million, it was ranked 251st on CoinMarketCap.
