The BNB Foundation has completed its 32nd quarterly Auto-Burn, permanently removing 1,595,599 BNB from circulation – worth more than $1.024 billion at the time of execution. As a result, the total circulating supply has decreased to 139.3 million tokens.
This burn was conducted using the Auto-Burn mechanism, which automatically determines the burn amount based on the current BNB price and the number of blocks produced in the previous quarter. The long-term goal is to reduce the total supply to 100 million BNB.
According to CoinGecko, BNB is currently trading at $670.85, reflecting a +1.4% daily gain. BNB Chain ranks 4th in total value locked (TVL) among all DeFi ecosystems, according to DeFi Llama.
In parallel, YZi Labs and 10X Capital are working to launch BNB Treasury Company, aiming to provide both retail and institutional U.S. investors with access to the BNB ecosystem. The company will be managed by a team of seasoned executives from Galaxy Digital, Kraken, and CalPERS. The first funding round is expected to close in the coming weeks.
