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BNB has completed its 32nd quarterly burn, worth approximately 1.024 billion USD.
PANews reported on July 10 that the BNB Foundation announced the completion of the 32nd quarterly burn, with a total of 1,595,599.78 BNB burned, worth approximately $1.024 billion. This includes the actual burn of 1,595,470.69 BNB and 129.10 BNB burned through the Pioneer Burn program. After this burn, the total supply of BNB remaining is 139,289,513.94 BNB, and the burned tokens have been sent to the Burn Address. In addition, BNB has implemented a real-time burn mechanism, which is based on the transaction fees from blocks for burning. Since the introduction of BEP95, approximately 265,000 BNB have been burned through this mechanism. This burn also includes the Pioneer Burn plan, which is used to compensate users for losses due to operational errors.