BNB Foundation, the company behind the BNB token, has announced the completion of its 33rd quarterly token burn. The firm announced the development through an official blog post on Monday.Â
As announced, the firm has burned 1,441,281.413 BNB worth around $1.2 billion in the last three months. More so, BNB Foundation designed an auto-burn system to reduce the total supply of the native token to just 100,000,000 $BNB.
The initiative automatically triggers at a predetermined price and number of blocks generated on the Binance Smart Chain within a quarter. Thanks to this approach, the program earned widespread appraisal for its transparency and predictability.
For instance, Changpeng Zhao, the founder of Binance, mentioned how the project reduces the $BNB circulation supply by 11.12 $BNB every 60 seconds. However, despite the close ties with Binance, the world’s largest crypto exchange by trading volume, the auto-burn is completely independent.
It is worth mentioning that the auto-burn initiative has helped ensure the scarcity of the $BNB token ensuring it remains deflationary. With this approach, the BNB team aims to make the token immune to market volatility and sudden price dips.
Side note
Meanwhile, the completion of the quarterly auto-burn further supports the impressive run of the $BNB token lately. In the last 30 days, the coin surged by 17.75% despite the recent dip that ravaged the crypto market.
At the moment, $BNB is trading at $1,152 and has been up by 1.53% in the last 24 hours. According to Coinmarketcap, $BNB is currently the fourth-largest cryptocurrency with a market cap of $158 billion.
Recall that early this month, $BNB became the third-largest cryptocurrency after recording a 28% increase within 28 days. The crypto asset hit this milestone after briefly recording a market cap of $182 billion during the surge.
However, the token has lost this position to USDT after recording a price correction. While $BNB recorded tremendous growth, the BNB ecosystem also noticed some notable adoption.
In April 2025, Donald Trump-linked stablecoin USD1 launched on the BNB chain. The integration according to a Binbits report is aimed at enhancing DeFi access to the token by allowing holders to swap it on popular DEX, Pancake Swap.