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I just saw that BNB Chain has completed its 35th burn. This time, more than 1.5 million BNB were taken out, worth approximately $1.02 billion. It seems to be a quite large amount.
What’s interesting is that the circulating BNB now has decreased to around 134.8 million units, which is part of a long-term plan to reduce the total supply to 100 million through automatic burns. The current price of BNB coin is $627, so the total value is quite high.
What I like about this system is that the burn is calculated based on the actual BNB price and network activity, not just arbitrary numbers. Every transaction can be verified on the blockchain. If this continues, BNB coin will likely see a systematic reduction in supply.