$BNB
JUST ONE CLICK AND CLAIM FREE REWARDS 🎁🎁🎁🎁🎁🎁🎁🎁🎁🎁
BNB Chain Burns Over $916 Million in 31st Quarterly Token Burn
The BNB Chain just finished its 31st quarterly token burn, as announced by the BNB Foundation.
Key Highlights:
1,579,207 BNB were burned using the Auto-Burn method.
The total value of the burn was around $916 million USD.
Around 40.88 million BNB are still left to be burned.
Total BNB supply is now over 139.3 million.
The burn transaction was completed at 06:45:48 AM (UTC).
The transaction fee was just $0.04 BNB, with a gas price of 3 Gwei, according to BSCscan.
How the Auto-Burn Works:
The Auto-Burn system helps gradually reduce the total BNB supply to 100 million.
The burn amount changes depending on BNB’s price and the number of blocks created each quarter.
It’s designed to be transparent, predictable, and independent from Binance.
The process is auditable, and quarterly reports are published.
What is BNB Used For?
It's the native token of the BNB Chain ecosystem.
Used for transactions on BSC, opBNB Layer 2, and BNB Greenfield.
Allows holders to take part in on-chain governance.
Serves as a reserve asset for strategic projects.
Important for BNB Chain’s total value locked (TVL).
Since launching its mainnet on April 18, 2019, BNB has moved from Ethereum to build its own “Build and Build” ecosystem.
BNB currently has a market cap of $81.4 billion and is trading above $578.