- BNB Chain burned over 1.61 million BNB, lowering the circulating supply to about 133.17 million tokens.
- Quarterly burns now occur directly on BNB Smart Chain following the Fusion network upgrade.
- The Auto-Burn and BEP95 mechanisms continue reducing BNB supply toward the 100 million token target.
BNB Chain has completed its 36th quarterly BNB burn, removing more than 1.61 million BNB from circulation on July 15. According to the BNB Foundation, the destroyed tokens were worth about $932 million at the time, reducing the total BNB supply to 133,166,127.91 while advancing the network’s long-term supply reduction program.
Quarterly Burn Moves Fully To BSC
According to the BNB Foundation, the latest burn permanently removed 1,615,827.795 BNB from circulation. The transaction carried an estimated value of approximately $931.7 million when it occurred. Notably, this burn marks a change in execution.
Following the BNB Chain Fusion upgrade, this quarter’s burn and future burns now occur directly on BNB Smart Chain. The corresponding tokens move to the network’s designated blackhole address, where they become permanently inaccessible.
Auto-Burn Targets Fixed Supply
The quarterly burn follows BNB Chain’s Auto-Burn mechanism, which independently calculates the number of tokens to remove. According to the BNB Foundation, the formula considers BNB’s market price and the number of blocks produced on BNB Smart Chain during each quarter.
The process operates independently from Binance’s centralized exchange. Additionally, it remains publicly auditable through on-chain data.
BNB Chain also adjusted the Auto-Burn formula after the Lorentz, Maxwell and Fermi upgrades. Those network improvements increased block production speed, requiring parameter updates while maintaining the original supply reduction approach.
Real-Time Burn Continues Alongside Auto-Burn
Besides quarterly burns, BNB Chain also uses a real-time burning mechanism through BEP95. Under that system, validators determine how much of each block’s gas fees are permanently destroyed.
According to the BNB Foundation, roughly 291,000 BNB has already been removed through the gas fee burn mechanism.
BNB serves as the native asset across the BNB Chain ecosystem, including BNB Smart Chain, opBNB Layer 2 networks and BNB Greenfield. Beyond transaction fees, it also supports governance participation and functions as a reserve asset while the network continues reducing its circulating supply toward a target of 100 million BNB.
