BNB Chain Burns 1.57 Million Tokens, Aiming for a Deflationary Future

The BNB Chain has just completed its 31st quarterly coin burn, permanently removing over 1.57 million BNB tokens from circulation. This operation, valued at approximately $916 million USD, was sent to a ‘blackhole’ address on the Binance Smart Chain (BSC). The goal of these regular burn operations is to gradually reduce the overall supply of BNB and create a deflationary structure. Ultimately, they aim to shrink the maximum supply to just 100 million BNB tokens.