BNB Chain has carried out its 36th quarterly token burn, taking 1,615,827.795 BNB permanently out of circulation in a transaction the network said was worth about $931.7 million at the time of execution on July 15. The move reduced total BNB supply to 133,166,127.91 tokens.
Quarterly burn cuts supply further
According to BNB Chain’s announcement, the latest burn removes roughly 1.61 million BNB as part of the network’s ongoing Auto-Burn program. The mechanism is designed to keep lowering the token supply until it reaches 100 million BNB, which the project describes as half of the token’s original maximum supply.
Following the latest reduction, the remaining supply stands at just over 133.16 million BNB. That leaves the token closer to the long-term target, though the burn process is still ongoing and depends on the network’s established system.
Burn now executed directly on BSC
The 36th burn also introduces a change in execution. BNB Chain said this burn, and future quarterly burns, will now be carried out directly on BSC after the BNB Chain Fusion process.
As part of that setup, the corresponding tokens are sent to the address 0x000000000000000000000000000000000000dEaD, commonly referred to as a blackhole address. BNB Chain said tokens transferred there cannot be brought back into circulation. The project has previously described a genuine token burn as one in which assets are sent to an address for which there is no usable private key.
Auto-Burn formula updated after upgrades
BNB Chain also said it has revised the Auto-Burn formula in response to changes in network performance. The adjustment follows the Lorentz, Maxwell and Fermi upgrades, which increased block production speed.
According to the project, the formula changes are intended to preserve the original design of the burn mechanism despite the faster block schedule. The announcement did not present the latest burn as a departure from the broader supply reduction strategy, but rather as a continuation of that process under updated network conditions.
Supply target remains unchanged
The latest quarterly burn leaves BNB Chain continuing toward its stated 100 million supply objective. While the mechanics behind the process have been updated to reflect the Fusion transition and faster block production, the stated aim of the Auto-Burn program remains the same: to reduce the number of BNB in circulation over time.
The July 15 transaction therefore marks both another scheduled supply reduction and an operational shift in how future burns will be handled on-chain.
Source: crypto.news