Morph announces BGB tokenomics update, introduces quarterly burn mechanism and expands to DeFi and PayFi applications

Foresight News reported that the Morph Foundation today announced its latest allocation plan for the 220 million BGB it holds and officially launched a new quarterly BGB burn mechanism. This mechanism directly links the supply of BGB to the actual usage of the Morph network, with the burn scale determined by ecosystem fees, average price, and community governance parameters. With the Viridian upgrade and support for EIP-7702, BGB can now be used directly to pay Morph network Gas, making it one of the ERC-20 tokens that can serve as native Gas on Layer2.

Morph stated that this update not only strengthens BGB’s core role in Gas, governance, and settlement, but will also promote its further expansion in key ecosystem areas such as DeFi and PayFi, creating a long-term deflationary path for the token based on real usage scenarios.