Binance’s BNB Chain Burns Over $900 Million, Shrinks Supply to 100 Million

BNB Chain just conducted a massive token burn event, incinerating over $900 million worth of BNB tokens. This action is part of the chain’s ongoing quarterly deflationary policy which aims to reduce the overall supply to a fixed 100 million tokens. The burn process is driven by an algorithm that considers two crucial factors: current BNB market price and the total number of blocks generated on the BNB Smart Chain (BSC) during the quarter. This ensures the amount burned reflects both usage and token value, making the process more transparent and market-oriented.