TechFlow news, the Morph Foundation today announced the latest allocation plan for its 220 million BGB tokens and officially launched a new quarterly BGB token burn mechanism. This mechanism directly ties BGB supply to actual usage of the Morph network, with the burn scale determined jointly by ecosystem fees, average price, and community governance parameters.
With the Viridian upgrade and support for EIP-7702, BGB will be directly usable for paying Gas on the Morph network, becoming one of the first ERC-20 tokens to serve as native Gas on a Layer 2. Morph stated that this update not only strengthens BGB's core role in Gas, governance, and settlement but also drives further expansion within key ecosystem areas such as DeFi and PayFi, establishing a long-term deflationary trajectory for the token based on real-world usage scenarios.
