BNB Foundation Completes 35th Quarterly Burn, Destroying 1.57 Million BNB
According to the BNB Foundation, the 35th quarterly burn removed about $1.02 billion worth of BNB on BNB Smart Chain, reducing circulating supply to roughly 134.8 million as part of its long-term supply target.
BNB
Fact Check
The claim is strongly supported by the official source, "35th BNB Burn" at https://www.bnbchain.org/en/blog/35th-bnb-burn. That page explicitly says the 35th quarterly burn destroyed 1,569,307.34 BNB, worth approximately $1.02B, and that the remaining total supply was 134,786,916.53 BNB at the time of writing. It also states that BNB employs an Auto-Burn system to gradually reduce total supply to 100,000,000 BNB. These details match the user’s statement, aside from minor rounding: 1.57 million BNB and roughly 134.8 million circulating/remaining supply. The secondary article "BNB Chain Completes 35th Quarterly Burn, Removing Over $1 Billion In Tokens" is consistent with the same figures. No contradictory authoritative evidence was found.
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Summary
In an official announcement, the BNB Foundation said it completed its 35th quarterly token burn, destroying 1.569 million BNB valued at about $1.02 billion. The burn was executed on BNB Smart Chain on April 16 and reduced the circulating supply to about 134.8 million BNB. The foundation reiterated that its long-term objective is to lower BNB’s total supply to 100 million.
Terms & Concepts
- Token burn: The permanent destruction of cryptocurrency tokens to reduce supply in circulation.
- BNB: The native cryptocurrency of the BNB Chain ecosystem, used for fees, transactions, and other network activity.
- BNB Smart Chain: A blockchain within the BNB Chain ecosystem that supports smart contracts and decentralized applications.