{"id":5673,"date":"2026-01-15T16:24:32","date_gmt":"2026-01-15T16:24:32","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5673"},"modified":"2026-01-15T16:24:32","modified_gmt":"2026-01-15T16:24:32","slug":"bnb-chain-completes-34th-quarterly-burn-of-1-37-million-bnb","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5673","title":{"rendered":"BNB Chain completes 34th quarterly burn of 1.37 million BNB"},"content":{"rendered":"

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\n\"BNB\n<\/picture> <\/div>\n<\/p><\/div>\n
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  • BNB Chain has completed a 1.37 million BNB token burn.<\/li>\n
  • The 34th quarterly burn sees total supply diminish to 136.36 million.<\/li>\n
  • BNB price hovered above $900 as the bulls look to target $1,000 next.<\/li>\n<\/ul>\n

    BNB Foundation announced on January 15, 2026, that BNB Chain has completed its first burn of the year, and the 34th quarterly burn overall.<\/p>\n

    The announcement came as BNB price hovered above $900 with fresh gains pushing the token up by nearly 8% over the past week.<\/p>\n

    BNB traded around $944 at the time of writing, just in the green on the day, as bulls targeted an upward continuation amid the latest BNB token burn.<\/p>\n

    A rally to $1,000 will strengthen a bullish outlook.<\/p>\n

    BNB Chain burns 1.37 million BNB<\/h2>\n

    The successful completion of the 34th quarterly BNB token burn by BNB Chain marks the first burn of 2026, according to details BNB Foundation shared.<\/p>\n

    Burns of the token, currently the fifth largest cryptocurrency by market cap, continue the project\u2019s longstanding deflationary strategy.<\/p>\n

    BNB Chain managed to permanently remove a total of 1,371,803.77 BNB from circulation.<\/p>\n

    The more than 1.37 million tokens account for BNB in two components: 1,371,703.67 BNB from the actual burn and 100.1 BNB in a pioneer burn. At the time of the burn, the destroyed tokens were worth about $1.27 billion.<\/p>\n

    Binance\u2019s token burn utilises an Auto-Burn mechanism, which automatically calculates the amount based on BNB\u2019s prevailing price and the number of blocks generated on BNB Smart Chain during the quarter.<\/p>\n

    \n

    \u201cThe BNB Auto-Burn provides an independently auditable, objective process. The figures are reported quarterly, and the mechanism is independent of the Binance centralized exchange,\u201d the foundation wrote in a blog post.<\/p>\n<\/blockquote>\n

    Following the BNB Chain Fusion, quarterly burns now occur directly on BSC, with tokens sent to an irreversible \u201cblack hole\u201d address.<\/p>\n

    BNB total supply falls to 136.36 million<\/h2>\n

    BNB burns aim to gradually decrease the token\u2019s total supply to 100 million BNB, with the latest cut leaving the total supply at roughly 136.36 million BNB.<\/p>\n

    In the market, a reduction to a token\u2019s circulating supply often means enhanced scarcity and support for long-term value growth.<\/p>\n

    With BNB, regular burns towards 100 million tokens come amid rising network activity.<\/p>\n

    BNB Chain has witnessed notable milestones with upgrades and web3 applications, particularly as real-world assets come on-chain.<\/p>\n

    The price of BNB rose sharply in 2025 amid this growth, reaching an all-time high above $1,300.<\/p>\n

    Overall market sell-off, which also saw Bitcoin correct from a peak of $126,000, cascaded to BNB and saw its price fall to under $800. Gains mean the main target in the short term is a retest of $1,000 and the ATH.<\/p>\n

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    Markets,BNB,BNB Chain#BNB #Chain #completes #34th #quarterly #burn #million #BNB1768494272<\/p>\n","protected":false},"excerpt":{"rendered":"

    BNB Chain has completed a 1.37 million BNB token burn. The 34th quarterly burn sees total supply diminish to 136.36 million. BNB price hovered above $900 as the bulls look to target $1,000 next. BNB Foundation announced on January 15, 2026, that BNB Chain has completed its first burn of the year, and the 34th<\/p>\n","protected":false},"author":1,"featured_media":5674,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-5673","post","type-post","status-publish","format-standard","has-post-thumbnail","category-eurozone"],"yoast_head":"\nBNB Chain completes 34th quarterly burn of 1.37 million BNB - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"BNB Foundation announced on January 15, 2026, that BNB Chain has completed its first burn of the year, and the 34th quarterly burn overall.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5673\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNB Chain completes 34th quarterly burn of 1.37 million BNB\" \/>\n<meta property=\"og:description\" content=\"BNB Foundation announced on January 15, 2026, that BNB Chain has completed its first burn of the year, and the 34th quarterly burn overall.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=5673\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-01-15T16:24:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/01\/avalon-labs-burn-avl-tokens.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1152\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=5673\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=5673\",\"name\":\"BNB Chain completes 34th quarterly burn of 1.37 million BNB - 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