
The only product-associated token in the top 10 is BNB, and its burns tallied at $114.9M in 2019, giving Binance a market cap north of $5B just a few months ago.
As Binance burns 20% of revenue, the burns hint that the exchange's 2019 revenue summed up to $574.5M. This is quite impressive considering that Nasdaq, one of the largest stock exchanges in the world, has a revenue of $1,060M.