The BNB Foundation has successfully completed its 27th quarterly BNB token burn on BNB Chain. This article breaks down the latest burn statistics, explains the BNB burn mechanism, and explores its significance for the ecosystem.
Latest Burn Statistics
- Total BNB Burned (Auto-Burn): 1,944,452.51 BNB
- Approximate USD Value: ~$1.17 billion
- Transaction ID: View burn transaction
- Pioneer Burn Program Contribution: None this quarter
👉 Discover how BNB burns impact tokenomics
Understanding the BNB Burn Mechanism
BNB serves as the native cryptocurrency for:
- BNB Smart Chain (BSC)
- opBNB Layer 2 solutions
- BNB Greenfield blockchain
Launched in 2017 with a 200 million BNB supply, the project committed to burning 100 million BNB (50% of total supply) through quarterly burns. This deflationary process ensures only 100 million BNB remain in circulation long-term.
Key Features of BNB Burns:
- Auto-Burn Formula: An objective, auditable process calculated quarterly
- Real-Time Burning: BNB Chain continuously burns portions of gas fees via BEP-95
- Blackhole Address: Burns now occur on BSC at 0x000000000000000000000000000000000000dEaD
Pioneer Burn Program Explained
This initiative permanently removes BNB equal to verifiable lost funds by eligible users. Since BEP-95's introduction, approximately 210,000 BNB has been burned through this mechanism.
👉 Learn about BNB Chain's innovative tokenomics
Frequently Asked Questions
Why does BNB Chain burn tokens?
Burns reduce circulating supply, creating deflationary pressure that can increase scarcity and potentially enhance token value over time.
How often do BNB burns occur?
BNB burns happen quarterly through the Auto-Burn mechanism, with additional real-time burns of gas fees.
Where can I verify burn transactions?
All burns are recorded on-chain with verifiable transaction IDs, like the one provided above for the 27th burn.
Additional Resources
For deeper understanding of BNB's ecosystem, we recommend: