#ILOVE$TRUMPBNB, the native cryptocurrency of the Binance ecosystem, has been making waves. Recently, the BNB Chain completed its 30th quarterly token burn, removing over 1.6 million BNB from circulation, valued at approximately $1.16 billion.¹ This burn mechanism is designed to progressively decrease the total supply to 100 million BNB.

In terms of performance, BNB Chain saw significant growth in Q1 2024, with revenue reaching a record $66.8 million, driven primarily by BNB's price appreciation and solid contributions from DeFi-related transactions.² Currently, BNB is trading at around $630, with an 8% increase over the past week.³