BNB Chain Burns $1B+ Tokens in 32nd Quarterly Burn
2025-07-10 12:58:08
Main Idea
BNB Chain conducted a significant token burn event, reducing its total supply, while institutional efforts aim to expand BNB's accessibility through a planned U.S.-listed treasury company.
Key Points
1. BNB Chain burned 1,595,599 BNB (worth $1.024 billion) in its 32nd quarterly burn event, aiming to reduce total supply to 100 million BNB.
2. BNB's price was $670.85 (+1.4% overnight) at the time of writing, with BNB Chain ranking fourth in DeFi ecosystem networks by total value locked.
3. YZi Labs (linked to ex-Binance CEO Changpeng Zhao) and 10X Capital are collaborating to create a U.S.-listed BNB Treasury Company, enabling institutional investment in BNB Chain.
4. The treasury project will be managed by industry veterans, including Galaxy Digital co-founder David Namdar and former Kraken director Saad Naja, with 10X Capital as asset manager.
5. BNB Chain recently implemented the Pascal hard fork to improve Ethereum Virtual Machine (EVM) compatibility.
Description
The total assets withdrawn amounted to 1,595,599 BNB, equivalent to $1.024 billion at the time of the burn event. Following this, the total supply of BNB decreased to 139.3 million. The destruction of coins is carried out through the Auto-Burn mechanism, which aims to reduce the total supply to 100 million BNB. The amount burned each quarter depends on the price of BNB and the number of blocks generated on the network during that period. At the time of writing, BNB is trading at $670.85 (+1.4% o...
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