BNB Chain completes its 33rd quarterly coin burn, destroying over 1.44 million BNB worth over $1.2 billion.
Recently, BNB Chain – the blockchain platform developed by Binance – officially announced the completion of the 33rd quarterly Token burn, marking an important milestone in the strategy of reducing supply and maintaining long-term value for BNB. According to the announcement from the BNB Foundation, a total of 1,441,281,413 BNB were burned, equivalent to about 1.208 billion USD at market price at the time of implementation.
After completing this burn, the total supply of BNB is currently around 137.7 million Token. In the long term, BNB Chain aims to reduce the total supply to 100 million BNB through the “Auto-Burn” mechanism, which means that the coins are automatically burned periodically based on the volume and Medium price of BNB. All burned BNB will be sent to a “black hole” address (an inaccessible wallet address), ensuring that these Token completely disappear from the system and cannot be recovered or reused.
Notably, the entire coin burning process this time was carried out on Binance Smart Chain (BSC) - a blockchain network compatible with Ethereum but with faster transaction processing speed and lower fees. Deploying Auto-Burn directly on BSC helps increase transparency, as the community can easily verify information through public Block Explorer .
This BNB burn is not just a technical event, but also a long-term economic strategy of Binance to control inflation and maintain the value of the native Token . The reduction in supply also reflects the community's confidence in the future of the BNB Chain ecosystem - which is rapidly expanding in the fields of DeFi, Non-Fungible Token and Web3 applications.
