BNB Chain has completed its 36th quarterly token burn, permanently removing 1,615,827.795 BNB from circulation.
Summary
- BNB Chain burned 1.61 million BNB worth $932 million in its 36th quarterly burn event.
- BNB supply fell to 133.17 million after the burn, moving closer to 100 million target.
- Future quarterly burns will occur directly on BSC, sending tokens permanently to the blackhole address.
The tokens were worth about $931.7 million when the burn took place on July 15, according to the official BNB Chain announcement.
The transaction reduced BNB’s total supply to 133,166,127.91 tokens. BNB Chain’s Auto-Burn system will continue reducing supply until the total reaches 100 million BNB, or half of the token’s original maximum supply.
BNB Chain removes 1.61 million tokens
The latest burn removed more BNB than the previous quarterly event. The 35th burn in April destroyed 1,569,307.34 BNB worth about $1.02 billion at the time, leaving total supply at roughly 134.79 million tokens.
The dollar value of each burn changes with BNB’s market price, while the Auto-Burn formula determines the number of tokens removed. BNB Chain calculates the amount using BNB’s price and the number of blocks produced on BNB Smart Chain during the quarter. The mechanism operates independently from the Binance centralized exchange.
Future BNB burns move directly to BSC
The 36th burn also marks a change in how the quarterly process operates. BNB Chain said this burn and future quarterly burns will take place directly on BSC following the BNB Chain Fusion process.
The network will send the corresponding BNB to the 0x000000000000000000000000000000000000dEaD blackhole address. Tokens sent there cannot return to circulation. As previously explained, a genuine burn permanently removes tokens by sending them to an address with no usable private key.
BNB Chain also adjusted the Auto-Burn formula after its Lorentz, Maxwell and Fermi network upgrades increased block production speed. The project said the changes maintain the original design of the burn system despite the faster block schedule.
Real-time gas fee burns continue alongside quarterly cuts
The quarterly Auto-Burn operates alongside BNB Chain’s real-time burn mechanism. Under BEP-95, BSC validators burn a fixed portion of gas fees collected from each block. Around 291,000 BNB has been removed through that mechanism since its introduction, according to BNB Chain.
The two systems reduce supply through separate processes. The quarterly mechanism uses a formula linked to price and block production, while the real-time system burns part of transaction fees as users interact with BSC. Neither process guarantees changes in BNB’s market price because demand and wider market conditions also affect valuation.
BNB burn comes as institutional access expands
The supply reduction comes after new regulated investment products expanded access to BNB.As reported by crypto.news, VanEck launched the first U.S. spot BNB exchange-traded fund on Nasdaq in May under the VBNB ticker.
BNB also remains the native asset used for transaction fees, staking and governance across the wider BNB Chain ecosystem. The latest burn reduced its total supply to about 133.17 million, leaving roughly 33.17 million BNB to be removed before the network reaches its long-term 100 million supply target.
The move to direct BSC burns establishes the process that BNB Chain plans to use for future quarterly events. The next burn amount will again depend on the Auto-Burn formula and network activity during the coming quarter.
