BNB Foundation Completes 35th Quarterly Burn, Destroying 1.569 Million BNB Worth ~$1.02 Billion

BroadChain learned that on April 16, the BNB Foundation announced the completion of its 35th quarterly token burn, destroying a total of 1.569 million BNB on the BNB Smart Chain, valued at approximately $1.02 billion. Following the burn, the total circulating supply decreased to approximately 134.8 million BNB.

The ultimate burn target for BNB is to reduce the total supply to 100 million tokens. This ongoing burn mechanism aims to support the long-term healthy development of the BNB Chain ecosystem.