BNB Chain Burns Over $916M in 31st Quarterly Event
On 16 April 2025, the BNB Foundationannounced the successful completion of its 31st quarterly BNB token burn, eliminating 1,579,207.72 BNB from circulation, valued at approximately $916.07 million at the time of the transaction. This initiative is part of BNB Chain’s long-term deflationary strategy aimed at reducing the total supply of BNB tokens to 100 million.
The BNB Auto-Burn mechanism determines the number of tokens to be burned each quarter based on BNB’s market price and the number of blocks produced on the BNB Smart Chain (BSC) during that period. This process operates independently of the Binance centralised exchange, ensuring transparency and predictability.
In addition to the quarterly Auto-Burn, BNB Chain employs a real-time burning mechanism introduced through BEP-95. This mechanism burns a portion of gas fees collected in each block, with the rate determined by BSC validators. Since its implementation, approximately 259,400 BNB have been burned through this method.
BNB Pioneer Burn Program
The BNB Pioneer Burn Program addresses accidental losses by users. It covers lost BNB and pegged tokens due to honest mistakes, with the equivalent amount being burned during the quarterly events. This initiative ensures that such losses are accounted for in the overall supply reduction strategy.
#BNB Burn Update 60M+ BNB burned = $34.77B in value.
That's more than the GDP of 100+ nations like: Iceland, Latvia, 🇳🇵 Nepal, 🇬🇪 Georgia
And bigger than the market cap of: Dropbox, GoPro, Harley-Davidson, TripAdvisor
BNB serves as the native token of the BNB Chain ecosystem, facilitating transactions across various platforms, including the BNB Smart Chain, opBNB Layer 2 solutions, and BNB Greenfield. It also functions as a governance token, allowing holders to participate in on-chain decision-making processes. Additionally, BNB acts as a strategic reserve asset and plays a crucial role in initiatives aimed at driving ecosystem growth and adoption.
Conclusion
The completion of the 31st BNB token burn underscores BNB Chain’s commitment to a deflationary token model and enhancing the value proposition for its stakeholders. Through a combination of automated and real-time burning mechanisms, along with programs addressing user losses, BNB Chain continues to implement strategies aimed at fostering a robust and sustainable ecosystem.
