Morph announces BGB token economic update, launching a new quarterly burn mechanism and expanding to DeFi and PayFi applications

The Morph Foundation has announced its latest allocation plan for the 220 million BGB it holds and officially launched a new BGB quarterly burn mechanism. This mechanism directly links the supply of BGB to the actual usage of the Morph network, with the scale of the burn determined by ecological fees, average prices, and community governance parameters.

With the Viridian upgrade and support for EIP-7702, BGB will be directly usable for paying Morph network Gas, becoming one of the first ERC-20 tokens to serve as native Gas on Layer 2. Morph stated that this update not only strengthens BGB's core role in Gas, governance, and settlement but also promotes its further expansion in key ecological areas such as DeFi and PayFi, forming a long-term deflationary path for the token based on real usage scenarios.