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.
