Switch to seedless. Get 30% off with SWITCH30 till Oct 19BNB Chain burns $1.2B in 37th quarterly token burn
7.2 Markets BNB Chain burned 1.65M BNB ($1.2B) in its 37th quarterly burn, reducing supply to 131.5M. The long-term goal is to cut total supply to 100M tokens.
BNB Chain has completed its 37th quarterly token burn, permanently removing approximately 1.65 million BNB from circulation, valued at around $1.197 billion. This burn is part of the network’s ongoing Auto-Burn mechanism, which aims to gradually reduce the total BNB supply to 100 million tokens. The amount of BNB burned each quarter is determined by the token’s price and the number of blocks produced on the BNB Smart Chain during that period. After this latest burn, the circulating supply stands at roughly 131.5 million BNB. The burn process is designed to enhance BNB’s scarcity and strengthen its tokenomics. Despite the significant reduction in supply, BNB’s price remains close to $725, showing only modest gains and facing resistance below the $750 mark. This event highlights BNB Chain’s commitment to supply control, a factor closely watched by traders for its potential impact on long-term price stability.
