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BNB Is Deflationary Amid $1.65 Billion Burn Event
Binance founder Changpeng Zhao (CZ) has hailed the deflationary capabilities of BNB following reports of a three-month burning streak. According to an official announcement on X (formerly Twitter), 1,441,281 BNB were burned over the last 90 days, valued at $1.65 billion at current prices.
Burning tokens refers to permanently removing coins from circulation by transferring them to a wallet without any access. By reducing the number of tokens in circulation, burning increases scarcity while propping up prices in a deflationary manner.
The latest BNB burn data comes from its quarterly auto-burn system, which is intended to “aggressively” reduce token supply toward the ultimate target of 100 million tokens in circulation. CZ praised the 33rd quarterly BNB token burn on the BNB Smart Chain (BSC), citing it as proof of a solid deflationary model among cryptocurrencies.
To put the burn event into perspective, the latest quarterly burn translates to $12,500 worth of tokens burned each minute or $183.33 per second. Apart from the auto-burn feature, there is also the real-time burn, which removes a portion of gas fees from each transaction.
 
“Roughly $11,000 burned every minute,” said CZ on X. “I didn’t even put it in that perspective before.”
Over the last three months, BNB witnessed remarkable price movement, surging to set an all-time high of over $1,300. While several factors may have contributed to the meteoric run for BNB, a key element revolved around the scheduled quarterly burn.
Following the latest quarterly burn announcement, the BNB price surged 5% over the last day to trade at $156. Gaining 17% over the last month, BNB ranks as the fifth-largest cryptocurrency by market capitalization, ranking below XRP after previously leap-frogging the Ripple-backed asset.
An impressive price run has fuelled more institutional interest in BNB, with China Renaissance plotting a $600 million treasury operation to join CEA Industries and Nano Labs.
Since launch, Binance has burned nearly 63 million BNB tokens, worth over $70 billion. Given the impressive numbers, cryptocurrency investor Umair Nauman described the BNB’s tokenomics as “the most aggressive deflationary model in crypto history.”