BNB Chain said on July 15 that it has completed its 36th quarterly BNB burn, removing 1,615,827.795 BNB from circulation. Based on the token’s price at the time, the burned amount was worth about $931.7 million. The burn was carried out through the Auto-Burn mechanism on BSC, and the transaction hash has been made public. After the burn, the remaining total supply of BNB stands at about 133.17 million. BNB Chain said its longer-term target remains reducing total supply to 100 million BNB, a plan it says is intended to strengthen the token’s deflationary profile and support the development of the BNB Chain ecosystem.
BNB Chain said on July 15 that it completed the 36th quarterly BNB burn earlier in the day, destroying 1,615,827.795 BNB.
At the prevailing price at the time, the burned tokens were worth about $931.7 million. The burn was executed through the Auto-Burn mechanism on BSC, and the transaction hash has been disclosed publicly.
Following the burn, the remaining total supply of BNB is about 133.17 million. BNB Chain said it continues to target a total supply of 100 million BNB to strengthen the token’s deflationary properties and support the development of the BNB Chain ecosystem.
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