BNB Foundation completes 33rd quarterly burn, destroying $1.6B in BNB
Crypto Briefing
The BNB Foundation executed its 33rd quarterly burn, destroying over 1.4 million BNB tokens valued at $1.6 billion.Summary
The BNB Foundation successfully completed its 33rd quarterly token burn, permanently removing over 1.4 million BNB tokens, which equates to $1.6 billion based on current market rates. This action is part of BNB Chain's deflationary tokenomics strategy, which aims to increase scarcity and support long-term value. The exact amount burned each quarter is calculated using the transparent BNB Auto-Burn formula. In addition to the quarterly burns, BNB Chain also implements a real-time burn mechanism for transaction gas fees, further contributing to the irreversible reduction of the total BNB supply driven by network activity.
(Source：Crypto Briefing)