BNB Completes 35th Quarterly Token Burn, with $1.02 Billion Worth of BNB Burned

BlockBeats News, April 16th, the BNB Foundation officially announced the completion of the 35th quarterly token burn. A total of 1.569 million BNB was burned on the Binance Smart Chain (BSC) this time, with a value of approximately $1.02 billion. The total circulating supply after the burn has decreased to around 134.8 million BNB.

BNB's ultimate burn target is to reduce the total supply to 100 million BNB. The ongoing burn mechanism is designed to support the long-term healthy development of the BNB Chain ecosystem.