$BNB

Latest BNB Burn Update 🔥

Stay informed about the deflationary mechanism of BNB!

The most recent BNB burn event, the 30th quarterly burn, took place around January 23, 2025.

Key details of this burn:

* Total BNB burned: 1,634,200.95 BNB

* This amount included:

* Auto-burn: 1,524,200.95 BNB

* Pioneer Burn: 110,000 BNB (related to the BNB Fusion)

* Approximate value at the time of burn: ~$1.16 Billion USD

* Transaction ID (TXID) for the burn: You can view the transaction details on the blockchain for full transparency.

* Remaining BNB to be burned: Approximately 42,465,780.15 BNB

* Remaining total supply: Approximately 142,465,780.15 BNB

What is a BNB Burn?

Binance implements a process called "BNB burn" to permanently remove a certain amount of BNB tokens from circulation. This is done to reduce the total supply of BNB over time, aiming to increase the scarcity and potentially the value of the remaining tokens. Initially, Binance committed to burning a portion of its profits each quarter. This has evolved into the BNB Auto-Burn system, which adjusts the amount of BNB to be burned based on BNB's price and the number of blocks generated on the BNB Smart Chain (BSC) during the quarter. There's also a real-time burn mechanism based on a portion of the gas fees used on BSC (BEP-95).

The Pioneer Burn Program is another aspect where users who lose BNB due to honest mistakes can have their lost coins counted towards the burn, and in some cases, be reimbursed.

These burns are a key part of BNB's tokenomics, aiming to drive long-term value for holders by gradually decreasing the total supply towards the target of 100,000,000 BNB.

Keep an eye out for announcements regarding the next BNB burn for Q1 2025, which is typically expected in April 2025.