BNB completed its 35th quarterly burn, burning approximately $1.02 billion.

CoinFeed reported on April 16th that the BNB Foundation has officially announced the completion of its 35th quarterly token burn. A total of 1.569 million $BNB, worth approximately $1.02 billion, were burned on the BNB Smart Chain (BSC), reducing the total circulating supply to approximately 134.8 million. The ultimate goal of BNB's burn is to reduce the total supply to 100 million tokens. This ongoing burn mechanism aims to support the long-term healthy development of the BNB Chain ecosystem.