BNB completes its 33rd quarterly burn, with a total value of $1.208 billion burned

ChainCatcher News, according to the official announcement from the BNB Foundation, BNB Chain has successfully completed its 33rd quarterly BNB token burn. A total of 1,441,281.413 BNB were burned in this round, with a USD value of approximately $1.208 billions at the time of the burn. The burn transaction has been recorded on-chain, and the remaining amount of BNB to be burned can be checked in real time. Currently, the total supply of BNB is 137,738,379.26 tokens.

BNB is the native token of the BNB Chain ecosystem, supporting transactions on BNB Smart Chain (BSC), opBNB L2, and BNB Greenfield blockchain. In addition, BNB also serves as a governance token, allowing holders to participate in BNB Chain's decentralized on-chain governance. It also acts as a strategic reserve asset to promote ecosystem development and adoption by mainstream financial institutions. BNB adopts an Auto-Burn mechanism, gradually reducing the total supply to 100 millions through a formula based on price and block generation. In addition, BNB implements a real-time burn mechanism based on BSC transaction fees. Since the launch of the BEP95 proposal, approximately 276,000 BNB have been burned.

Previously, it was reported that BNB completed its 32nd quarterly burn, valued at approximately $1.024 billions.