Goodmorning! This is really useful information, however I wanted to provide a few clarifications.
You’re referencing a combined volume from Spot, Perpetual & Future Markets, however, only the Spot Market can truly be utilized in this calculation, as perpetual & future markets do not trade real ICP tokens but rather “lots” that represent ICP - in an attempt to “predict” its direction.
Future & Perp users can only trade with other Future & Perp users, therefor it does not affect the ICP supply.
As such, if you reference spot volume, you’ll notice that the true volume of ICP is less than a few million dollars, as depicted in the “Spot” chart below:
Secondarily, while the fiat value burnt will remain the same, and the ICP value increases, this does not offset the current reward ratio of Node Providers.
As of present day, we’re burning .84% of what we reward Node Providers.
In the instance ICP’s price falls, yes, we’ll be burning more ICP, but we’re still only going to be burning .84% of what we mint, as depicted below:
Again - thanks for taking the time to collect this data!