BNB Chain Burns 1,595,599 BNB Worth $1.024 Billion in 32nd Quarterly Event

The BNB Foundation has announced the completion of the 32nd quarterly burn of BNB tokens on the BNB Chain, marking a significant milestone in the network's deflationary mechanism. The total amount of BNB burned in this quarterly event exceeded 1,595,599 BNB, valued at approximately $1.024 billion at the time of the burn. This burn included over 1,595,470 BNB from the actual burn and over 129 BNB from the Pioneer Burn program, which aims to recover lost BNB and pegged tokens for users.

The transaction for the 32nd burn was executed with a transaction ID of 0x6e8b15a99eac623219c6439f95810a6cc8dccd8c15aea648ce17f45f57601065, and the transaction fee for this burn was a minimal 0.0000021 BNB. The gas price for the transaction was set at 0.1 Gwei, ensuring efficient processing on the network. Following this burn, the remaining total supply of BNB stands at over 139,289,513 BNB.

The BNB Chain's Auto-Burn system, which was implemented after the mainnet launch in April 2019, continues to operate with the philosophy of "Build and Build." This system gradually reduces the total supply of BNB to 100 million, with the burn amount adjusted based on the price of BNB and the number of blocks generated on the Binance Smart Chain (BSC) during each quarter. This mechanism ensures transparency and predictability, as the figures are reported quarterly and are independently auditable and objective.

The upcoming burn, scheduled for Q3 2025, is estimated to involve over 1,596,134 BNB. The burn process will occur on BSC due to the BNB Chain Fusion, with the corresponding BNB amount sent to the blackhole address: 0x000000000000000000000000000000000000dEaD. The real-time burning mechanism is based on gas fees, with BSC validators determining the ratio of gas fees collected on each block, which is burned at a fixed rate. Since the introduction of BEP95, 265,000 BNB have been burned through this mechanism.

Following the Lorentz and Maxwell upgrades, BSC is producing blocks more frequently, and the parameters used in the formula for the burn amount have been adjusted for consistency. The BNB Pioneer Burn Program continues to assist users by covering losses from mistakes via the quarterly burn events, further enhancing the network's deflationary mechanism and user support.

This quarterly burn event underscores the BNB Chain's commitment to reducing the total supply of BNB, thereby increasing the scarcity and potential value of the remaining tokens. The transparent and predictable nature of the Auto-Burn system ensures that the community can trust the process, while the Pioneer Burn Program provides an additional layer of support for users who may have lost tokens due to errors. As the BNB Chain continues to evolve, these mechanisms will play a crucial role in maintaining the network's stability and growth.