BNB completed the 33rd quarterly burn, with a burn amount of 1.208 billion dollars.

According to Mars Finance news, the BNB Foundation announced that BNB Chain has successfully completed the 33rd quarterly BNB token burning. A total of 1,441,281.413 BNB was burned, with an approximate USD valuation of 1.208 billion dollars at the time of burning. The burning transaction has been recorded on-chain, and the remaining amount of BNB to be burned can be queried in real time, with the current total supply of BNB being 137,738,379.26 tokens. BNB is the native token of the BNB Chain ecosystem, supporting transactions on BNB Smart Chain (BSC), opBNB L2, and BNB Greenfield blockchain. Additionally, BNB has governance token functionality, allowing holders to participate in the decentralized on-chain governance of BNB Chain, while also serving as a strategic reserve asset to promote ecosystem development and mainstream financial institution adoption. BNB adopts an automatic burn mechanism (Auto-Burn), gradually reducing the total supply to 100 million tokens through a formula based on price and block generation quantity. Furthermore, BNB has implemented a real-time burning mechanism based on BSC transaction fees, with approximately 276,000 BNB being burned since the introduction of the BEP95 proposal. Previously, it was reported that BNB completed the 32nd quarterly burn, valued at approximately 1.024 billion dollars.