The first quarterly burn of 2023, and twenty-second burn ever, | Binance News
The first quarterly burn of 2023, and twenty-second burn ever, of BNB happened this past week on January 17th. About 2.06 million BNB were burned.
A burn is conducted every quarter as part of the process of bringing down the supply of BNB from its initial 200 million total supply to only 100 million, a commitment which was made back in 2017.
BNB is also burned through transaction fees on BNB chain which assist in this supply depletion, albeit at a slower rate. The total supply of BNB is now about 158 million.
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