BNB Chain Completes 32nd Burn, Reducing Supply by Over 1.5 Million BNB
The post BNB Chain Completes 32nd Burn, Reducing Supply by Over 1.5 Million BNB appeared on BitcoinEthereumNews.com. Jessie A Ellis Jul 11, 2025 01:05 BNB Chain successfully executes its 32nd quarterly token burn, eliminating over 1.5 million BNB tokens from circulation, valued at approximately $1.024 billion. The BNB Foundation has announced the successful completion of the 32nd quarterly BNB token burn, a significant event for the BNB Chain community. This burn saw the removal of 1,595,599.78 BNB from circulation, including 129.10 BNB from the Pioneer Burn program, valued at approximately $1.024 billion USD. This action brings the remaining total supply to 139,289,513.94 BNB, according to the BNB Chain blog. Understanding the BNB Burn BNB, the native coin of the BNB Chain ecosystem, plays a crucial role in the Web3 environment, facilitating transactions on the BNB Smart Chain (BSC), opBNB L2s, and BNB Greenfield blockchain. Beyond its transactional use, BNB serves as a governance token, enabling holders to participate in the decentralized on-chain governance of the BNB Chain. It also functions as a strategic reserve asset, attracting attention from mainstream financial institutions and driving ecosystem growth. Since its transition from the Ethereum Network to the BNB Chain following its mainnet launch on April 18, 2019, BNB has embraced the philosophy of “Build and Build.” The Auto-Burn system is a key feature, designed to gradually decrease BNB’s total supply to 100,000,000, with adjustments based on BNB’s price and the number of blocks generated on BSC each quarter. Mechanics of the BNB Auto Burn The BNB Auto-Burn is an independently auditable process, with figures reported quarterly, independent of the Binance centralized exchange. This quarter’s burn and future burns will occur directly on BSC due to the BNB Chain Fusion, with the burned BNB sent to a “blackhole” address: 0x000000000000000000000000000000000000dEaD. Recent upgrades, namely the Lorentz and Maxwell Upgrades, have increased the frequency of…
The post BNB Chain Completes 32nd Burn, Reducing Supply by Over 1.5 Million BNB appeared on BitcoinEthereumNews.com.
Jessie A Ellis Jul 11, 2025 01:05 BNB Chain successfully executes its 32nd quarterly token burn, eliminating over 1.5 million BNB tokens from circulation, valued at approximately $1.024 billion. The BNB Foundation has announced the successful completion of the 32nd quarterly BNB token burn, a significant event for the BNB Chain community. This burn saw the removal of 1,595,599.78 BNB from circulation, including 129.10 BNB from the Pioneer Burn program, valued at approximately $1.024 billion USD. This action brings the remaining total supply to 139,289,513.94 BNB, according to the BNB Chain blog. Understanding the BNB Burn BNB, the native coin of the BNB Chain ecosystem, plays a crucial role in the Web3 environment, facilitating transactions on the BNB Smart Chain (BSC), opBNB L2s, and BNB Greenfield blockchain. Beyond its transactional use, BNB serves as a governance token, enabling holders to participate in the decentralized on-chain governance of the BNB Chain. It also functions as a strategic reserve asset, attracting attention from mainstream financial institutions and driving ecosystem growth. Since its transition from the Ethereum Network to the BNB Chain following its mainnet launch on April 18, 2019, BNB has embraced the philosophy of “Build and Build.” The Auto-Burn system is a key feature, designed to gradually decrease BNB’s total supply to 100,000,000, with adjustments based on BNB’s price and the number of blocks generated on BSC each quarter. Mechanics of the BNB Auto Burn The BNB Auto-Burn is an independently auditable process, with figures reported quarterly, independent of the Binance centralized exchange. This quarter’s burn and future burns will occur directly on BSC due to the BNB Chain Fusion, with the burned BNB sent to a “blackhole” address: 0x000000000000000000000000000000000000dEaD. Recent upgrades, namely the Lorentz and Maxwell Upgrades, have increased the frequency of…
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