BNB Chain has successfully completed its 31st quarterly BNB token burn, permanently removing 1,579,207,716 BNB from circulation, worth approximately $916 million at the time of the burn. BNB Chain Completes $916 Million Token Burn in 31st Quarterly Event The event, which took place just 10 minutes ago, is part of BNB’s ongoing automatic token burn mechanism, a deflationary model designed to gradually reduce the total BNB supply to 100 million tokens. How Incineration Works The amount of BNB burned each quarter is automatically calculated based on two factors: BNB market price Number of blocks produced on the BNB Smart Chain (BSC) during the quarter This transparent and algorithmic approach aims to align the token’s supply dynamics with network activity, ensuring that burning reflects usage and value. Long-Term Deflationary Strategy Introduced in late 2021, the automatic burn mechanism replaces BNB’s previous manual quarterly burns, providing a more objective and predictable method for reducing supply. The three-month burn is a key element of BNB’s long-term strategy to support token value and economic sustainability within its ecosystem. This latest burn brings BNB closer to its target cap, reinforcing the project’s commitment to reducing supply and incentivizing long-term holders. BNB Chain, which powers the BNB Smart Chain and BNB Beacon Chain, continues to be an important infrastructure in the decentralized web and DeFi ecosystem by hosting thousands of decentralized applications and processing millions of transactions daily. *This is not investment advice. Continue Reading: BNB Chain Successfully Completed Its 31st Quarterly BNB Token Burn! Here is the Amount of BNB Burned!
