Amid the uncertainty in the broader market, the BNB Chain protocol has completed the latest burning of Binance Coin with over 1.5 million units now out of circulation
Leading cryptocurrency exchange Binance, through the BNB Foundation, has completed the 31st quarterly BNB burn directly on the BNB Smart Chain (BSC). According to a post made on April 16 on X, 1.57 million BNB was destroyed in an auto-burn during this time.
BNB Performance Metrics React to Token BurnÂ
BNB has always utilized an auto-burn system, with a focus on gradually reducing its total supply to 100,000,000 BNB.Â
The burn is published quarterly, with the 28th quarterly BNB burn campaign recorded in July 2024. Usually, the amount of BNB burnt is adjusted based on the coin’s price and the number of blocks generated on BSC during a quarter. This ensures transparency and predictability.Â
Upon completion of the recent burn, the 1,579,207.72 BNBÂ was valued at approximately $916.07 million.
The 31st quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC).
1.57M BNB has been burned 🔥
View burn details 👇https://t.co/u6HT0dLyFe pic.twitter.com/7jWUC9DgC0
— BNB Chain (@BNBCHAIN) April 16, 2025
Noteworthy, a unit of BNB is currently worth $578.23, following a 1.89% price decline, according to CoinMarketCap data. At this present market value, the incinerated BNB holdings could be worth $913.15 million, showing a slight market fluctuation.
While its market cap is also reeling in losses, BNB’s trading volume suggests that traders are confident in the coin’s long-term potential and are still committed to it. At this time, the trading volume had reached $1.35 billion, corresponding to a 2.14% increase in the last 24 hours.Â
Following the auto-burn, the total supply of BNB is 139,311,899.514 BNB, but according to the update, the remaining to be destroyed is now 40,886,572.43 BNB.
BNB Chain Welcomes Pascal Hard ForkÂ
Meanwhile, BNB Chain’s Pascal hard fork went live on the mainnet on March 20 after some anticipation, bringing enhancements to the blockchain network. The Pascal hard fork can boost Ethereum compatibility by integrating key features from Ethereum’s Pectra upgrade.Â
It will provide access to native smart contract wallets and improve security and cryptography, which aligns with BNB Chain’s main goals.
This addition can deliver more straightforward and versatile account recovery options, multi-sig support for enhanced security, spending limits, and batch transactions for improved efficiency.
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