Notably, that volume is almost double that of XRP, the third-largest crypto asset by market capitalization.
Additionally, its spot trading volume during the period reached $4.7 billion, placing it among the top 10 most-traded digital assets.
Meanwhile, the intensity of the trading activities came at a cost as WLFI’s value slipped more than 14%, falling from about $0.33 to $0.24 as of press time.
The team submitted a plan on Sept. 1 to use protocol-owned liquidity (POL) fees to buy back WLFI from the open market and permanently burn those tokens. Fees generated by independent liquidity providers would remain outside the program.
The project representatives said the initiative rewards committed holders by increasing their relative stake as speculative tokens are removed from circulation.
WLFI community members will soon vote on whether to approve the buyback-and-burn strategy or reject it in favor of keeping fees in the Treasury.
If approved, the measure would establish a framework for recurring supply reductions and could later expand to include other protocol revenue streams.
