🔥 BNB Foundation held a 32nd quarterly burnout

BNB Foundation conducted a 32nd quarterly burn of 1.6M $BNB tokens worth over $1 billion. Total assets withdrawn from circulation amounted to 1,595,599 BNB, equivalent to $1.024 billion at the time of the procedure. BNB's total supply has since been reduced to 139.3 million. The destruction of coins takes place within the framework of the Auto-Burn mechanism. Its goal is to reduce the volume of the asset to 100 million. The amount of the burn depends on the price of BNB and the number of blocks generated in the network during the quarter. BNB Chain ranks fourth among the networks in the DeFi-ecosystem in terms of TVL.
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