The 32nd quarterly BNB token burn conducted by the BNB Foundation has removed 1.59 million BNB, equivalent to approximately $1.024 billion, reducing the total BNB supply to 139.29 million coins.

The BNB Foundation recently announced the completion of its 32nd quarterly BNB burn, eliminating a total of 1,595,599.78 BNB, worth roughly $1.024 billion. The burn consisted of:

1,595,470.69 BNB from the Auto-Burn mechanism

129.10 BNB from the Pioneer Burn program – which compensates users who lost BNB due to unintended transaction errors

Following this burn, the total BNB supply now stands at 139,289,513.94 BNB, moving closer to the ultimate goal of reducing the supply to 100 million BNB.

This marks the 32nd quarterly burn since BNB Chain launched its mainnet in April 2019, signifying a long-term deflationary strategy aimed at increasing the intrinsic value of BNB and the broader ecosystem.

"The 32nd quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC).
1,595,599.78 BNB has been burned. 🔥
View burn details 👇
https://t.co/Zpd8EXfHPE
pic.twitter.com/2Ls3peqwyj"
— BNB Chain (@BNBCHAIN), July 10, 2025

The BNB Burn mechanism has been a core part of Binance’s strategy since its early days, designed to gradually reduce the total supply from 200 million BNB to 100 million BNB.

Since early 2022, BNB has adopted the Auto-Burn model, where the amount of BNB burned each quarter is calculated based on a formula that incorporates both the BNB price and the number of blocks generated on BNB Chain (formerly BNB Smart Chain). This replaces the earlier model that depended directly on Binance’s exchange revenue, making the burn mechanism more transparent, auditable, and less centralized.

In addition, BNB implements real-time burning based on gas fees via the BEP-95 protocol, which automatically burns a portion of the gas fees collected from each block. So far, approximately 265,000 BNB have been burned through this method. The Pioneer Burn program also helps users recover lost BNB from legitimate transaction errors by burning an equivalent amount during the quarterly burns.

BNB not only functions as the gas token for BSC, opBNB L2, and BNB Greenfield, but also serves as a governance token, enabling the community to vote on major network changes.

Despite the burn news, BNB’s price remains "unchanged", mirroring the reaction to the 31st burn. It is currently trading around $670/BNB, a price level similar to the 30th burn earlier this year.