BNB Chain has completed its 32nd token burn, a significant part of its updated supply reduction strategy. This event coincides with growing market activity for the BNB token.
Details of the 32nd Token Burn
The 32nd quarterly burn of BNB tokens has been completed, removing 1,595,599.78 BNB from circulation, valued at approximately $1.024 billion at the time of removal. Of this total, 1,595,470.69 BNB was burned through the regular quarterly process, and 129.10 BNB through the Pioneer Burn Program. This burn has reduced the current circulating supply of BNB to 139,289,513.94 tokens.
Current Market Situation of BNB
Currently, BNB is trading at $670.10, marking a slight increase of 0.21% for the day. Technical analysis indicates that a breakout above the key resistance level of $686.65 could drive the price to $807.28, reflecting a 17.48% move.
Increase in Activity on BNB Chain Network
In Q2 2025, BNB Chain led all blockchains in DEX trading volume, surpassing both Ethereum and Solana. Reports indicate that trading volume peaked over $18 billion. Analysts attribute this increase to early token listings, broader asset access, and heightened user interest in decentralized platforms.
The successful token burn, along with market activity and growing DEX trading volumes, solidifies BNB Chain's position as a leading blockchain ecosystem.
