The BNB burn has become one of the most anticipated events in the crypto calendar, drawing close attention from investors, traders, and blockchain enthusiasts alike. As Binance continues to execute its long-term deflationary strategy, the quarterly destruction of Binance Coin (BNB) plays a pivotal role in shaping market sentiment and supply dynamics.
With the 22nd BNB burn already completed, eyes are now turning toward the 23rd BNB burn, sparking renewed interest in the BNB burn schedule, mechanics, and future implications for token holders.
👉 Discover how BNB burns impact market value and investor returns
What Is a BNB Burn?
A BNB burn is a scheduled event where Binance permanently removes a portion of Binance Coin (BNB) from circulation. This process reduces the total supply of BNB, creating a deflationary economic model designed to increase scarcity and potentially boost long-term value.
Originally, Binance committed to burning 50% of its total BNB supply—100 million tokens—until no more coins are left to burn. These burns were initially tied to Binance’s quarterly profits, with 20% of earnings used to buy back and destroy BNB.
However, the mechanism has evolved significantly over time. Starting with the 18th burn, Binance transitioned to an auto-burn system based on real-time blockchain activity rather than exchange profits. This change made the process more transparent and algorithm-driven.
Today, two types of burns occur:
- Quarterly auto-burns: Determined by a formula involving the number of blocks produced on the BNB Chain and the average BNB price.
- Real-time burns: Implemented after the Bruno upgrade (BEP-95), which burns a portion of transaction fees immediately during block validation.
This dual-layer approach ensures continuous supply reduction, aligning incentives across developers, validators, and investors.
When Was the 22nd BNB Burn?
The 22nd BNB burn took place on January 17, 2023, resulting in the destruction of 2,064,494.32 BNB, worth over $575 million at the time. The cost to execute the burn transaction was just 0.002 BNB, underscoring the efficiency of the process.
This figure is nearly identical to the 20th and 21st burns, both of which eliminated approximately 2.06 million BNB. Binance confirmed the event via an official Twitter announcement and published full transaction details on its platform for public verification.
Prior to this, during the 16th burn on July 18, 2022, about 1,296,728 BNB—valued at over $393 million—was removed from circulation. The increasing burn sizes reflect growing network usage and higher valuations despite fluctuating crypto market conditions.
When Is the Next BNB Burn?
The 23rd BNB burn is expected to occur at the end of Q2 2025, continuing Binance’s tradition of quarterly burns.
While exact dates are not pre-announced, historical patterns suggest it will likely happen in late June or early July 2025. The precise amount of BNB to be burned will depend on two key factors:
- The number of blocks generated on the BNB Chain
- The average market price of BNB during that quarter
According to data from bnbburn.info, which tracks the auto-burn algorithm in real time, projections indicate that over 2 million BNB could be destroyed in this upcoming event.
Compared to earlier burns—such as the 17th in October 2021, which eliminated 1,335,888 BNB worth $639 million—the upcoming burn reflects sustained growth in chain utilization and ecosystem expansion.
👉 Stay ahead with real-time insights into upcoming BNB burns
How Much BNB Is Burned Each Quarter?
Since the introduction of the auto-burn mechanism, the amount of BNB burned per quarter is no longer directly tied to Binance’s profits. Instead, it follows a mathematical formula:
Burned BNB = (Number of blocks Ă— Average BNB price per block fee) / Average BNB price over past 30 days
This ensures that as transaction volume increases—or as gas fees rise—the burn amount scales accordingly. It also makes the process fully transparent and verifiable on-chain.
In addition to quarterly events, real-time burns via BEP-95 remove a portion of every transaction fee immediately when users interact with the BNB Chain. This creates constant downward pressure on supply, even between scheduled burns.
To date, Binance has burned tens of millions of BNB tokens, steadily approaching its goal of eliminating half the total supply. CEO Changpeng Zhao (CZ) previously stated that the accelerated burn schedule could complete within 5 to 8 years, far faster than the original 27-year projection.
“The speed of the burn was initially linked to trading volumes,” CZ explained after the 14th burn. “We found it too slow… so we evolved the model.”
While investors can no longer reverse-calculate exchange revenues from burn numbers, they gain greater confidence in a rules-based, decentralized approach.
Why Do Crypto Projects Burn Tokens?
Token burning isn't unique to BNB. Many blockchain projects use it as a tool for:
- Supply control: Reducing circulating supply can enhance scarcity.
- Value accrual: Fewer tokens may lead to upward price pressure if demand remains stable or grows.
- Community trust: Transparent burns demonstrate commitment to long-term vision.
Notable examples include:
- Ethereum’s EIP-1559, which permanently destroys base fees.
- Shiba Inu, where massive community-led burns aim to increase token value.
- Vitalik Buterin burning 90% of his SHIB holdings—over 410 billion tokens—in 2021.
These actions signal confidence and help reshape market dynamics.
Frequently Asked Questions (FAQ)
Q: How often does Binance burn BNB?
A: Binance conducts scheduled quarterly auto-burns, typically every three months. Additional real-time burns occur with every transaction on the BNB Chain due to BEP-95.
Q: How many BNB have been burned so far?
A: As of early 2025, over 40 million BNB have been burned cumulatively across all events. The exact number can be verified via blockchain explorers and bnbburn.info.
Q: Does burning BNB increase its price?
A: While not guaranteed, reducing supply while demand holds steady or increases can create upward price pressure over time. Market sentiment around burns often boosts short-term interest.
Q: Can I participate in a BNB burn?
A: No direct participation is required. All token holders benefit indirectly through reduced supply. However, using the BNB Chain contributes to real-time burns via transaction fees.
Q: Where can I check live burn data?
A: Visit bnbburn.info for real-time tracking of upcoming burns, historical data, and auto-burn calculations based on current network metrics.
Q: Will BNB ever stop being burned?
A: Once 100 million BNB (50% of total supply) are burned, scheduled burns will cease. Until then, both quarterly and real-time mechanisms remain active.
Final Thoughts
The BNB burn schedule remains a cornerstone of Binance’s economic design, reinforcing scarcity, transparency, and long-term value creation. With the 23rd burn expected in mid-2025 and projections indicating another multi-million token reduction, investor attention will remain high.
As blockchain ecosystems mature, mechanisms like auto-burns and real-time fee destruction set new standards for tokenomics—balancing decentralization with sustainable growth.
Whether you're a long-term holder or an active DeFi user on the BNB Chain, understanding these dynamics empowers smarter decisions in an evolving digital economy.
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