BNB Chain completed its 36th quarterly token burn on July 15, 2026, at 10:35 a.m. UTC, removing 1,615,827.795 BNB worth approximately $931.70 million from circulation. The burn reduced the remaining total supply to 133,166,127.91 BNB as part of BNB's long-term plan to decrease total supply toward 100 million BNB. The Auto-Burn system adjusted the burn amount based on the BNB price and the number of blocks produced on the BNB Smart Chain during the quarter, operating independently from the Binance centralized exchange with independent auditability. Following the burn, BNB traded near $580.86 after rebounding from the $564 support zone, with the RSI at 58.20 and the +DI at 29.90 above the −DI at 18.17, indicating improving momentum without entering overbought territory.
BNB Chain Removes 1.61M Tokens Through Auto-Burn Mechanism
The BNB Foundation confirmed that BNB Chain burned 1,615,827.795 BNB in its latest quarterly event. The tokens were worth about $931.70 million around the time of the burn. Following the burn, BNB's remaining total supply stood at 133,166,127.91 BNB as of July 15, 2026, at 10:35 a.m. UTC.
The Auto-Burn system adjusts the burn amount based on the BNB price and the number of blocks produced on the BNB Smart Chain during the quarter. The mechanism operates separately from the Binance centralized exchange and remains independently auditable. This quarter's burn, along with future burns, will occur directly on BSC after BNB Chain Fusion. The burned tokens are sent to the "blackhole" address, removing them from active circulation.
BNB Chain also uses a real-time burning system linked to gas fees. Validators determine the gas fee ratio burned in each block, with roughly 291,000 BNB removed through BEP-95 since launch. Recent Lorentz, Maxwell, and Fermi upgrades have increased BSC block production speed. BNB Chain adjusted the Auto-Burn formula parameters to keep the burn model aligned with its original design.
BNB Functions as Native Asset Across BNB Chain Ecosystem
BNB serves as the native asset of the BNB Chain ecosystem. The token supports transactions across BNB Smart Chain, opBNB Layer 2 networks, and BNB Greenfield. BNB also functions as a governance asset, allowing holders to take part in decentralized on-chain decisions. The token is also used within the ecosystem as a reserve asset and utility coin.
BNB Price Rebounds From $564 Support With RSI at 58.20
BNB traded near $580.86 on the four-hour chart after rebounding from the $564 support zone. Price action remained below $584, which has limited upside several times. A four-hour close above $584 could support a move toward $588 and $592. Stronger buying above $592 may bring the $596 resistance level into focus.
The RSI stood at 58.20, above its 50.62 average. That reading points to improving momentum without entering overbought territory. DMI readings also supported a mild bullish setup. The +DI stood at 29.90, above the −DI at 18.17, while ADX remained low at 16.74. BNB may keep consolidating unless ADX rises above 20 while +DI stays above −DI. A break below $568 would weaken the recovery and expose $564 or $560.
FAQ
How much BNB did BNB Chain burn in its 36th quarterly event?
BNB Chain burned 1,615,827.795 BNB worth approximately $931.70 million in its 36th quarterly token burn on July 15, 2026, at 10:35 a.m. UTC, reducing the remaining total supply to 133,166,127.91 BNB.
What is the BNB Auto-Burn mechanism?
The Auto-Burn system adjusts the burn amount based on the BNB price and the number of blocks produced on the BNB Smart Chain during the quarter. The mechanism operates independently from the Binance centralized exchange and remains independently auditable, with burned tokens sent to the "blackhole" address to remove them from active circulation.
What technical indicators showed BNB's momentum after the burn?
Following the burn, BNB traded near $580.86 with the RSI at 58.20 above its 50.62 average, the +DI at 29.90 above the −DI at 18.17, and the ADX at 16.74, indicating improving momentum without entering overbought territory after rebounding from the $564 support zone.
