PANews reported on October 30th that, according to an official announcement from the BNB Foundation, BNB Chain has successfully completed its 33rd quarterly BNB token burn. A total of 1,441,281.413 BNB were burned, with a value of approximately $1.208 billion USD at the time of the burn. The burn transaction has been recorded on the blockchain, and the remaining total amount of BNB to be burned can be queried in real time. The current total supply of BNB is 137,738,379.26.
BNB is the native token of the BNB Chain ecosystem, supporting transactions on the BNB Smart Chain (BSC), opBNB L2, and the BNB Greenfield blockchain. Furthermore, BNB functions as a governance token, allowing holders to participate in the decentralized on-chain governance of the BNB Chain. It also serves as a strategic reserve asset, driving ecosystem development and adoption by mainstream financial institutions.
BNB employs an Auto-Burn mechanism, which gradually reduces the total supply to 100 million coins using a formula based on price and the number of blocks generated.
In addition, BNB has implemented a real-time burning mechanism based on BSC transaction fees. Since the BEP95 proposal was launched, approximately 276,000 BNB have been burned.
Previously, it was reported that BNB completed its 32nd quarterly burn, worth approximately $1.024 billion .


