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HomeCrypto ExchangeBNB Chain has burned over $500 million in BNB tokens.

BNB Chain has burned over $500 million in BNB tokens.

According to a statement issued on Tuesday, BNB Chain has completed a $500 million burn of its native BNB coins as part of a larger operation.

It is expected to burn more than 100 million BNB, or half of its total supply, to remove them from circulation, with only 100 million BNB remaining in circulation at the end.

This commitment is calculated using the Auto-Burn algorithm, which runs through each quarter automatically.



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