BNB Chain destroys over 1.64 million BNB in 37th quarterly burn
BNB Chain has completed its 37th quarterly token burn, permanently removing 1,646,196 BNB valued at roughly $1.2 billion to reduce circulating supply toward its 100 million token target.
BNB Chain completed its 37th quarterly token burn on the BNB Smart Chain, taking 1,646,196 BNB out of circulation. The destroyed tokens carried an estimated value of roughly $1.197 billion, with media valuations ranging between $1 billion and $1.2 billion based on reference price metrics at the time of the burn.[1][2][3][4][6][7][8][9]
The latest burn lowered the total supply to 131,512,085 BNB, advancing the network's planned reduction toward an ultimate cap of 100 million tokens. Following the announcement, Binance founder Changpeng Zhao reacted on X, questioning which other blockchain burns $1.1 billion worth of tokens every quarter.[3][4][5][6][7][10]
The reduction size is determined by an automated formula incorporating BNB's price and the number of blocks produced on the BNB Smart Chain during the quarter, rather than corporate earnings or exchange revenue. BNB Chain maintains that the Auto-Burn mechanism functions independently of the Binance exchange, while the network also continues burning a fraction of transaction gas fees under BEP-95.[5][6][8]
Key facts
- BNB Chain eliminated 1,646,196 BNB from circulation in its 37th quarterly burn.
- The burned tokens were valued at approximately $1.197 billion, with estimates across outlets varying between $1 billion and $1.2 billion.
- The burn brought the remaining supply of BNB down to 131,512,085 tokens.
- The ongoing quarterly burns are designed to gradually reduce the total BNB supply to 100 million tokens.
- The Auto-Burn volume is calculated by a formula based on BNB price and quarterly BSC block production rather than Binance exchange profits.
- Binance founder CZ posted on X asking which other blockchain burns $1.1 billion worth of tokens every quarter.
Sources · 9 sources
- TW
The Wolf Of All Streets@scottmelkerPost on X ·
BNB CHAIN COMPLETES 37TH QUARTERLY $BNB TOKEN BURN WITH 1.64M $BNB DESTROYED WORTH ~$1.197B
Open source - WG
Watcher.Guru@WatcherGuruPost on X ·
JUST IN: Binance burns 1.64 million $BNB worth over $1,197,000,000 in its 37th quarterly burn.
Open source - CB
Coin Bureau@coinbureauPost on X ·
🔥TODAY: BNB Chain burns 1.64 MILLION $BNB worth over $1.1 BILLION in its 37th quarterly TOKEN BURN. Binance founder CZ reacted on X asking: “Which other blockchain burns $1.1 billion worth of tokens each quarter?”
Open source - CN
crypto.news@cryptodotnewsPost on X ·
JUST IN: BNB Chain burns $1.19B worth of BNB in its 37th quarterly burn The burn removed 1.646M $BNB from circulation, leaving a reported total supply of 131.51M BNB as the network continues its scheduled reduction toward 100M. https://t.co/TUt40srlq7
Open source - KO
kook@KookCapitalLLCPost on X ·
cz asked which other chain burns $1.1b of tokens every quarter fair flex, the answer is none..... about $1.197b of $BNB went to the dead address this morning total supply is down to 131.5m and the target is 100m but heres the part nobody reads the size of the burn isnt set by profits its a formula built on price and how many blocks bsc produced that quarter bnb chain says the whole thing runs independent of binance the exchange credit where due, those coins are gone for good and supply only goes one way still a scheduled burn is a supply chart, not a buyback paid for with revenue nobody else does it because no other chain gets to write its own burn formula 😂
Open source - BS
BSCN@BSCNewsPost on X ·
BNB Chain burns nearly $2B worth of tokens in 37th quarterly burn @BNBCHAIN successfully completed the 37th quarterly token burn on the BNB Smart Chain, destroying 1,646,196 $BNB (worth about $1.197B) from the floating supply. This process reduces the asset's total circulating supply to 131,512,085 $BNB, bringing the protocol’s mathematical approach closer to its ultimate goal of 100 million tokens. The token destruction mechanism operates through an automatic algorithm of Auto-Burn, which uses dynamic calculations based on the price feed and the rate of blocks generated per quarter, not by a central corporation's will.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X ·
🔥 NEW: BNB Chain burns 1.64 million binancecoin:native worth approximately $1.2 billion in its 37th quarterly token burn. The burn reduces BNB's total supply to 131.5 million tokens, moving closer to its target of 100 million BNB. https://t.co/Nt39IIcZiR
Open source - WB
Wu Blockchain@WuBlockchainPost on X ·
BNB Chain Burns 1.65M BNB Worth About $1B in 37th Quarterly Auto-Burn BNB Chain completed its 37th quarterly BNB Auto-Burn, removing about 1.646 million BNB worth roughly $1 billion at the reference price. The Auto-Burn mechanism determines the amount based on BNB’s price and the number of BNB Smart Chain blocks produced during the quarter, with the long-term goal of reducing total BNB supply to 100 million. BNB Chain also continues to burn a portion of gas fees through BEP-95.
Open source - CO
Cointelegraph@CointelegraphPost on X ·
🔥 TODAY: BNB Chain completes its 37th quarterly burn, removing 1.65M $BNB worth approximately $1.2B from circulation. https://t.co/ZZImXkCCCo
Open source - CB
Coin Bureau@coinbureauPost on X ·
🔥TODAY: BNB Chain burns 1.64 MILLION $BNB worth over $1.197 BILLION in its 37th quarterly token burn. Binance founder CZ reacted, asking on X: “Which other blockchain burns $1.1 billion worth of tokens each quarter?”
Open source