The BNB Smart Chain team has completed its quarterly burn.
1.63 million BNB worth $1.16 billion has been removed from circulation.
1.55 million coins are expected to be burned in Q1 2025.
These efforts are aimed at supporting the deflationary nature of the asset.
The BNB Foundation has announced the completion of its 30th quarterly burn of BNB coins. A total of $1.16 billion has been removed from circulation.
1.63 million BNB have been sent to “zero”. Of these, 110,000 coins are from the Pioneer Burn Program. It was introduced in 2020 and takes into account those coins that were sent to “dead” addresses or lost due to errors.
The BNB Smart Chain team’s ultimate goal is to reduce the circulating supply of the asset to 100 million BNB. The amount of coins burned each quarter depends on trading volume.
Reducing the circulating supply of an asset is aimed at increasing its value and maintaining its deflationary nature. For example, 1.77 million BNB were sent to “zero” in the 29th quarterly burn.
In Q1 2025, the expected number of coins to be withdrawn from circulation is 1.55 million, according to the BNBBurn portal. The amount of the asset burned may decrease from quarter to quarter depending on its value.
