Bitcoin Exchange Binance's Native Token Has Had Its 29th Token Burn! Here's the Amount of Burned Tokens

The $BNB Foundation has successfully completed its 29th quarterly token burn, removing approximately 1.77 million $BNB from circulation, worth approximately $1.07 billion at the time of the burn.

$BNB Foundation Completes 29th Quarterly $BNB Token Burn, Removing Over $1 Billion in $BNB from Circulation

This final burn, performed by $BNB Chain’s Auto-Burn mechanism, supports the network’s goal of gradually reducing the total $BNB supply to 100 million.

Key Figures from the 29th $BNB Token Burn

The total burn of 1,772,712.363 $BNB consists of two main components:

• 1,710,142,733 $BNB originates from Auto Burn.
• The 62,569.63 $BNB is an additional component related to the Pioneer Burn Program, which compensates users who lost their $BNB-backed BTokens due to accidental transfers to inactive addresses. This previously excluded amount has now been added to this quarter’s burn.

The burn transaction is recorded on the $BNB Chain and further details can be accessed via the transaction ID.

$BNB burns occur through an Automated Burn system that adjusts the burn amount every three months based on the market price of $BNB and the number of blocks produced on the $BNB Smart Chain (BSC).

This approach provides a transparent and predictable reduction in supply with real-time burn mechanisms for gas fees collected from BSC transactions.

As $BNB Chain progresses with its ongoing Fusion initiative, future burns will be performed directly on BSC, with the burned tokens sent to a “blackhole” address to be permanently removed from circulation.

Currently, there are approximately 43.5 million $BNB left to be burned to reach the target supply cap of 100 million.

*This is not investment advice.