Binance has carried out its 32nd token burn, permanently removing 1,595,599.78 BNB from circulation—valued at approximately $1.024 billion.
This marks the second scheduled burn of 2025 and continues the exchange’s long-term commitment to reduce BNB’s total supply.
Following the burn, BNB’s circulating supply now stands at just over 139.28 million tokens. The quarterly event is part of Binance’s plan to eventually cut the total supply in half, from 200 million down to 100 million.
The burn mechanism is automated and adjusts based on BNB’s market performance and on-chain activity, specifically the number of blocks produced on BNB Smart Chain (BSC) during the quarter. This approach allows for transparency while aligning with the token’s long-term deflationary model.
By consistently reducing supply, Binance aims to support the value of BNB over time. These token burns are closely watched by investors, as they typically signal strong ecosystem activity and reinforce BNB’s utility across the Binance ecosystem.
Source: https://coindoo.com/binance-burns-over-1b-worth-of-bnb-in-latest-quarterly-event/