A major upgrade to the tokenomics of a leading DEX has been initiated, proposing to cut the maximum supply by 50 million tokens.

This is already the third phase of reform for the project. The previous Tokenomics 3.0 had already reduced the emission rate and completely abandoned the ve locking mechanism. Now, this step aims to align the hard cap supply with the current deflationary trend—in other words, to further enhance token scarcity.

The underlying logic is quite clear: through structural supply-side reforms, strengthen the long-term value support of the token. From reducing emissions and optimizing incentive models to now adjusting the hard cap supply, this series of measures points to the same goal—making the token increasingly scarce. Whether this proposal can be implemented depends on the community voting results, but the direction of the reform is already very clear.