The BNB Foundation has confirmed the successful completion of its 33rd quarterly BNB token burn, permanently removing 1,441,281.413 BNB, valued at approximately $1.2 billion, from circulation. Following this burn, BNB’s total supply is now 137.7 million tokens, as the network continues its long-term objective of reducing the supply to 100 million BNB.
This burn was executed in accordance with BNB Chain’s Auto-Burn mechanism. This mechanism dynamically adjusts based on the price of BNB and the block production rate on the Binance Smart Chain (BSC). Operating independently from the Binance exchange, this system ensures a transparent and predictable approach to supply management, with tokens being sent to a designated “blackhole” address for permanent removal from the circulating supply.
Binance founder Changpeng Zhao, also known as CZ, commented on X (formerly Twitter) that “roughly $11,000 worth of BNB is burned every minute,” highlighting the significant scale of this ongoing process.
BNB’s deflationary system operates in conjunction with its real-time burn mechanism, which was introduced via BEP95. This mechanism continuously removes a portion of transaction gas fees from circulation. Since its implementation, this model has resulted in the destruction of over 276,000 BNB tokens.
Token Burns Gain Broader Traction
BNB’s latest token burn occurs at a time when major projects are increasingly adopting token destruction mechanisms. These strategies are being employed to manage inflation and provide value to token holders.
By the end of September, World Liberty Financial (WLFI), a decentralized finance venture reportedly backed by the Trump family, announced the commencement of its own token buyback and burn initiative. This program was approved through community governance.
The WLFI program will utilize liquidity fees generated from its operations across multiple blockchain networks, including Ethereum, BNB Chain, and Solana. These fees will be used to repurchase WLFI tokens from the market, which will then be sent to a dedicated burn address, permanently removing them from circulation.
While BNB’s Auto-Burn mechanism remains a significant reference point for deflationary token models, WLFI’s new program illustrates how newer projects, including those with political associations, are adopting similar strategies for supply reduction.