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[Morph Foundation Announces Quarterly Burn Mechanism and Application Expansion Plan for BGB Token] Morph Foundation has announced the latest allocation plan for its 220 million BGB tokens and introduced a new quarterly burn mechanism. The BGB supply will be linked 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 be used to pay for Morph network Gas, making it one of the first ERC-20 tokens to serve as native Gas on Layer 2. Morph stated that this update will strengthen BGB's role in Gas, governance, and settlement, while driving its application expansion in the DeFi and PayFi sectors.

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