Binance Burns Over $453M in BNB

In its 25th quarterly burn, Binance has removed 2.14 million BNB tokens, worth $453.5 million, from circulation. This accounts for approximately 1.38% of the total supply of the BNB asset.

The burn also included 314.69 BNB as part of the Pioneer Burn program.

As per the BEP-95 commitment made during BNB’s launch in 2017, 100 million coins – half of the total supply – were pledged to be destroyed through regular burning.

This commitment is automatically carried out every quarter, using the Auto-Burn formula.

Binance representatives have clarified that this process is transparent, auditable, and objective, independent of the centralized exchange.

Additionally, a portion of the gas fees on the BNB Chain are continuously burned in real time. In the previous quarterly burn in July, Binance removed 1.99 million BNB, valued at $484 million.