BNB Chain has completed its 36th quarterly token burn, permanently removing 1,615,827.795 BNB worth approximately $932 million from circulation. The burn, executed on July 15, reduced BNB's total supply to 133,166,127.91 tokens, moving closer to the long-term target of 100 million BNB.
Burn details and supply reduction
The latest quarterly burn removed 1.61 million BNB, surpassing the previous quarter's 1.57 million tokens destroyed in April, which was valued at about $1.02 billion at the time. The dollar value of each burn fluctuates with BNB's market price, while the Auto-Burn formula determines the exact number of tokens removed based on BNB's price and the number of blocks produced on BNB Smart Chain during the quarter. This mechanism operates independently of the Binance centralized exchange.
Shift to on-chain BSC burns
The 36th burn marks a procedural change: future quarterly burns will occur directly on BNB Smart Chain following the BNB Chain Fusion process. The network will send the corresponding BNB to the 0x000000000000000000000000000000000000dEaD blackhole address, a wallet with no usable private key, ensuring the tokens cannot return to circulation. BNB Chain also adjusted the Auto-Burn formula after its Lorentz, Maxwell and Fermi network upgrades increased block production speed, maintaining the original burn system design despite the faster block schedule.
Real-time gas fee burns and institutional access
Alongside quarterly burns, BNB Chain's real-time burn mechanism under BEP-95 continues to reduce supply. BSC validators burn a fixed portion of gas fees from each block, removing around 291,000 BNB since its introduction. The two systems operate independently, and neither guarantees changes in BNB's market price, as demand and broader market conditions also influence valuation.
The supply reduction follows the launch of the first U.S. spot BNB exchange-traded fund by VanEck on Nasdaq in May under the VBNB ticker, expanding institutional access to BNB. BNB remains the native asset for transaction fees, staking and governance across the BNB Chain ecosystem. With the latest burn, approximately 33.17 million BNB remain to be removed before reaching the 100 million supply target.