BNB Chain completes its 36th quarterly token burn, permanently removing over 1.61 million BNB from circulation in a move worth roughly $932 million.
The burn eliminated 1,615,827.795 BNB, cutting the token’s total supply down to 133,166,127.91 following the transaction. Tokens were sent to a blackhole wallet address with no retrievable private key.
This marks the third quarterly burn carried out in 2026 and slightly exceeded the network’s own estimate heading into the event. The amount also surpassed April’s burn, which removed 1,569,307.34 BNB.
That earlier burn had been worth roughly $1.02 billion at the time, leaving supply near 134.79 million tokens before this quarter’s reduction took place.
BNB Chain’s Auto-Burn system calculates each quarterly amount using a formula based on the token’s average market price and the number of blocks produced on BNB Smart Chain during the period.
The mechanism runs independently of Binance’s centralized exchange and aims to shrink BNB’s total supply from an original 200 million down to a target of 100 million tokens.
Roughly 33.17 million BNB now remain to be burned before that target is reached, based on figures published alongside the announcement.
This burn also marked a structural change. Following the BNB Chain Fusion process, quarterly burns now take place directly on BNB Smart Chain rather than through the network’s earlier Beacon Chain infrastructure.
Beyond the quarterly mechanism, BNB Chain also runs a real-time burn tied to gas fees under its BEP-95 system, which has removed close to 291,000 BNB since it launched.
BNB traded near $580 following the announcement, holding close to recent multi-week highs against a backdrop of broader market strength. Recent Lorentz, Maxwell, and Fermi network upgrades have increased BSC block production speed.
Some institutional holders have started treating BNB as a strategic reserve asset in recent months, adding fresh attention from traditional finance players watching the token’s deflationary design.
BNB launched on its own blockchain in April 2019 after migrating from Ethereum, and now underpins BNB Smart Chain, the opBNB layer-2 network, and BNB Greenfield.
