PANews, July 15: The BNB Foundation announced the completion of its 36th quarterly BNB burn, destroying a total of 1,615,827.795 BNB, equivalent to approximately $932 million at the time of the burn. The burn transaction has been publicly recorded on the blockchain. The official stated that BNB achieves its deflationary goals through a dual mechanism: Auto-Burn and real-time burning based on gas fees, with a long-term plan to gradually reduce the total BNB supply from the current approximately 133 million to 100 million.
BNB Chain Completes Its 36th Quarterly BNB Burn, Destroying 1.615 Million Tokens Worth $93.2 Million
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Summary
BNB Chain has released on-chain news confirming the 36th quarterly BNB burn, destroying 1,615,827.795 tokens valued at $93.2 million. The transaction is now visible on the blockchain. The BNB Foundation employs Auto-Burn and gas fee-based burning to reduce supply, with the goal of decreasing the total token count from 133 million to 100 million. Recent developments around real-world assets (RWA) further underscore BNB’s deflationary strategy.
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