**Binance Burns Over 2 Million Tokens, Worth $636 Million in Latest Quarterly Token Burn**

In a recent announcement, the BNB Foundation revealed the successful completion of the 26th quarterly Binance Coin (BNB) token burn through the BNB Chain. The burn, which included Auto-Burn and the Pioneer Burn Program, eliminated a significant amount of the exchange’s native token from circulation, totaling over 2 million BNB valued at approximately $636 million.

The Auto-Burn process removed 2,141,487.27 BNB from circulation independently of Binance’s centralized exchange (CEX), providing an auditable and objective process. Additionally, the Pioneer Burn Program contributed by removing 1542.15 tokens from circulation, eliminating an amount equal to the provable lost funds of eligible users. Since the introduction of BEP95, an estimated 210,000 tokens have been permanently burned under this mechanism.

Furthermore, BNB Chain’s Real-Time-Burn mechanism continuously reduces the token supply by burning a portion of BNB Chain’s gas fees in real-time. This strategic approach to reducing the token supply demonstrates BNB Chain’s commitment to fostering long-term value. The ongoing efforts represent a milestone for the BNB ecosystem and ensure the integrity of the ecosystem.

In addition to the quarterly token burn, BNB has displayed notable strength and progress, with a circulating market cap of $47.86 billion and a 30.45% increase in market capitalization. The platform’s financial metrics also reflect impressive revenue growth of 30.47% over the past 30 days, generating $1.72 million in revenue. The data from Token Terminal also highlights BNB Chain’s increasing user adoption and developer activity, with a surge in active daily users and a 48.6% growth.

BNB’s trading volume and revenue year to date. Source: Token Terminal

The Binance Coin’s price performance has been steady, with a 2.14% decrease over the past 24 hours. However, it has shown positive trends over extended periods, recording a 4.38% increase in the past seven days and an impressive growth of 30.51% over the past 30 days. Furthermore, BNB has achieved significant growth over the past 180 days, with a growth rate of 29.92%.

**FAQs**

**What is the BNB Chain’s Pioneer Burn Program?**
The Pioneer Burn Program is a mechanism that permanently eliminates an amount of BNB equal to the provable lost funds of eligible users, ensuring that lost funds do not influence the circulating supply.

**How does BNB Chain’s Real-Time-Burn mechanism work?**
BNB Chain’s Real-Time-Burn mechanism continuously reduces the token supply by burning a portion of BNB Chain’s gas fees in real-time, contributing to the ongoing supply reduction efforts.

**What does the increase in active daily users signify for BNB Chain?**
BNB Chain’s increase in active daily users reflects robust user adoption and developer activity, indicating growing confidence and demand for the token among investors.

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