The BNB Foundation has announced the 33rd quarterly burn of BNB tokens on the BNB Chain. They removed 1,441,281.413 BNB, worth about $1.208 billion. Through this process, the burn happened on-chain using the Auto-Burn system. The burn lowers BNB’s total supply from 137.7 million to 100 million.
As part of the process, the burned tokens were sent to a special “blackhole” address to make sure they are gone forever. The Auto-Burn system works by looking at BNB’s price and the number of blocks created on BSC each quarter.
Just recently, BSC has been producing blocks faster because of the Lorentz and Maxwell upgrades. The system was adjusted to keep the burn fair and predictable.
In addition, BNB also uses a real-time burn method under BEP95. This system destroys a small part of the gas fees collected by validators every block. Since it started, about 276,000 BNB have been removed from circulation this way.
Binance founder Changpeng Zhao shared on X that “roughly $11,000 worth of BNB is burned every minute.” His words show how big and continuous the burn process is for the BNB Chain.
Meanwhile, the burn comes as other projects also use token reduction to control supply. For example, World Liberty Financial, backed by the Trump family, has started a buyback and burn program. This program uses liquidity fees from operations on Ethereum, BNB Chain, and Solana to buy and burn WLFI tokens.
BNB is the main coin of BNB Chain, launched on April 18, 2019, and is used for transactions, paying fees, and voting on network changes.
Furthermore, the project follows a “Build and Build” approach, which helps the ecosystem grow. It also has an Auto-Burn system that automatically removes some BNB, keeping the supply steady and encouraging more people to use the coin.
Overall, the 33rd quarterly burn shows that BNB Chain is steadily managing its token supply. The process is independent of Binance, keeping it open and fully transparent.
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