Key Points
- The BNB Foundation announced the total BNB burned at over 1,595,599 BNB.
- The estimated value of the next burn is over 1,596,134 BNB.
On July 10, the BNB Foundation officially announced the completion of BNB Chain's 32nd quarterly BNB token burn.
Official Details About BNB Chain's 32nd Burn
BNB Chain revealed the following details in its official announcement:
- The total BNB burned is over 1,595,599 BNB, worth approximately $1.024 billion at the time of burn.
- The total BNB burned includes the actual burn of over 1,595,470, and the BNB burned in the Pioneer Burn of over 129 BNB.
- The transaction ID for the BNB burn is: 0x6e8b15a99eac623219c6439f95810a6cc8dccd8c15aea648ce17f45f57601065
- The transaction fee for the 32nd burn was 0.0000021 BNB
- The gas price was 0.1 Gwei.
- The estimated value of the next burn, which will take place in Q3 2025, is over 1,596,134 BNB.
- The remaining total supply is over 139,289,513 BNB.
BNB Burn Mechanism Details
In the official announcement, the BNB Chain also explained that after the mainnet launch in April 2019, BNB token transitioned from the Ethereum network to BNB Chain, having the "Build and Build" as its core philosophy.
BNB employs an Auto-Burn system to gradually reduce its total supply to 100 million BNB. It's also worth noting that the burn amount is adjusted based on the price of BNB and the number of blocks generated on BSC during a yearly quarter, which ensures transparency and predictability.
The BNB Auto-Burn offers a process that is independently auditable and objective, with figures reported quarterly. This mechanism is independent of the Binance crypto exchange.
This quarter's burn and upcoming burn will occur on BSC due to the BNB Chain Fusion, and the corresponding BNB amount will be sent to the blackhole address: 0x000000000000000000000000000000000000dEaD.
It's also worth noting that following the Lorentz and Maxwell upgrades, BSC is producing blocks more frequently compared to when the Auto-Burn system was defined, and the parameters used in the formula have been adjusted for consistency.
The real-time burning mechanism is based on gas fees, and BSC validators determine the ratio of gas fees collected on each block, which is burned at a fixed rate. So far, 265,000 BNB have been burned with this mechanism after the introduction of BEP95.
The BNB Pioneer Burn Program helps users recover lost BNB and pegged tokens following mistakes by covering these losses via the quarterly burn events.
On April 16, 2025, BNB Chain completed its 31st quarterly BNB burn worth over $916 million at that time.
