BNB Chain Burned 1.65 Million BNB Worth Around $1.2B

• BNB Foundation completed the 37th quarterly BNB token burn.
• It removed 1.65 million BNB worth about $1.2 billion from circulation.
• After the operation, the asset’s supply fell to 131.51 million BNB.

On October 19, 2026, BNB Foundation announced the completion of its 37th quarterly BNB burn. As part of the procedure, 1,646,196.44 BNB worth about $1.2 billion at the exchange rate at the time of the operation was removed from circulation.

After the burn, the cryptocurrency’s total supply stood at 131,512,085 BNB. The data is current as of 10:05 UTC on October 19.

The asset barely reacted to the news:

The operation was carried out directly on the BNB Smart Chain (BSC) network. The tokens were sent to a special address from which they cannot be withdrawn.

To reduce BNB supply, the Auto-Burn mechanism is used. It automatically determines the size of the quarterly burn based on the token’s market price and the number of blocks produced on BSC. The ultimate goal is to reduce supply to 100 million BNB.

BNB Foundation noted that after the Lorentz and Maxwell upgrades, the network began producing blocks more frequently. As a result, the developers adjusted the parameters of the Auto-Burn formula while preserving its original operating principle.

In addition, BSC uses the BEP-95 mechanism, which provides for the ongoing burn of a portion of transaction fees. Its volume depends on network activity.

As a reminder, in July 2026, BNB Chain conducted its 36th quarterly burn, destroying about 1.62 million BNB worth $931.7 million.

Previously, we reported that the BNB Chain team announced a next-generation L1 blockchain for agentic trading, with a launch planned for 2027.

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