On April 17th, BNB Chain officially announced the completion of its 31st token burn. In this event, a total of 1,579,207.72 BNB was destroyed, equivalent to approximately 916 million USD at the time of execution.
The BNB burn is part of a periodic supply reduction mechanism aimed at increasing the value of BNB and maintaining long-term stability for the BNB Chain ecosystem. After this burn, the total circulating supply of BNB has decreased to around 139.3 million tokens. According to the original roadmap, BNB Chain's long-term goal is to continue burning until the total supply is reduced to 100 million BNB, which means approximately 40.887 million BNB is expected to be burned in the future.
BNB Chain has maintained quarterly token burns since the project's establishment, with the goal of supporting BNB's value and increasing attractiveness to investors. The 31st quarterly burn not only demonstrates BNB Chain's long-term commitment to the user community but also shows a steady pace of progress in implementing the token supply management strategy.
