BNB Chain Burns Tokens Worth $1 Billion

The BNB Foundation has conducted its 32nd quarterly burn, destroying 1.6 million BNB tokens valued at over $1 billion.

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 total amount of assets removed from circulation was 1,595,599 BNB, equivalent to $1.024 billion at the time of the procedure. Following this, the total supply of BNB decreased to 139.3 million.

The coin destruction is part of the Auto-Burn mechanism, aimed at reducing the asset volume to 100 million. The burn amount depends on the BNB price and the number of blocks generated in the network over the quarter.

At the time of writing, the coin is trading at $670.85 (+1.4% over the day), according to CoinGecko. 

BNB Chain ranks fourth among networks in the DeFi ecosystem by TVL.

BNB Reserves

Venture firm YZi Labs, associated with former Binance head Changpeng Zhao, and 10X Capital are working on establishing the BNB Treasury Company. In the future, its shares are planned to be listed on a U.S. stock exchange.

The initiative aims to provide retail and institutional investors in the U.S. with access to the BNB Chain ecosystem. According to 10X Capital representatives, such users have limited opportunities to invest in BNB. The new structure will serve as a gateway between them and decentralized finance.

The project will be developed by a team of top managers, including Galaxy Digital co-founder David Namdar, former CalPERS CIO Russell Read, and former Kraken director Saad Naja.

10X Capital will act as the asset manager for the new company. To attract capital and purchase BNB, it has partnered with Cohen & Company Capital Markets and Clear Street LLC. Previously, 10X Capital was involved in creating a similar treasury company, Nakamoto (NAKA), whose shares are traded on Nasdaq.

Ella Zhang, head of YZi Labs, noted that BNB Chain is one of the most widespread blockchain ecosystems. She stated that expanding institutional participation will benefit a wide range of users.

The closure of the funding round is expected to be announced in the coming weeks.

In April, BNB Chain developers implemented the Pascal hard fork, aimed at enhancing the blockchain’s EVM compatibility.

In June, the network team successfully completed the Maxwell upgrade.