TLDR:
BNB Chain completed its 37th quarterly Auto-Burn, removing 1,646,196.44 BNB from circulation.
The burned BNB was worth about $1.197 billion and moved to the 0x…dEaD blackhole address.
The Auto-Burn formula uses BNB’s price and BSC block production, and it is independently auditable.
Lorentz and Maxwell Upgrades speed up BSC blocks, so the burn formula parameters were adjusted.
The BNB burn for the 37th quarter is complete, with BNB Chain removing 1,646,196.44 BNB from circulation. The tokens were worth about $1.197 billion at the time of the burn.
The BNB Foundation announced the completion of the quarterly event on 19 October 2026. After the burn, the remaining total supply stands at 131,512,085 BNB. The Auto-Burn mechanism aims to reduce the total supply to 100 million BNB over time.
Details of the 37th BNB Burn
The BNB Foundation published the data for the latest BNB burn alongside a transaction ID. Anyone can review the transaction on-chain through the provided link.
The figures were recorded at 10:05 AM UTC on 19 October 2026. Furthermore, the Foundation links a real-time data page showing the amount still to be burned.
This quarter’s BNB burn took place directly on BNB Smart Chain. The change follows the BNB Chain Fusion. Future burns will also occur on BSC.
The burned BNB moves to the blackhole address, 0x000000000000000000000000000000000000dEaD. Tokens sent to this address leave circulation.
The 37th quarterly $BNB token burn has been completed directly on BNB Smart Chain (BSC).
~1.64M $BNB has been burned, worth approximately $1.197B USD
View the details of the burn below https://t.co/sIm4wp4R1Y pic.twitter.com/062alfYcoM
— BNB Chain (@BNBCHAIN) October 19, 2026
BNB is the native coin of the BNB Chain ecosystem. It powers transactions on BNB Smart Chain, the opBNB L2s, and BNB Greenfield.
Besides transaction fees, BNB serves as a governance token. Holders can therefore take part in the on-chain governance of BNB Chain.
BNB also functions as a strategic reserve asset. Mainstream financial institutions have started to take notice of the coin. The coin is also described as essential for powering its Web3 environment. BNB moved from the Ethereum network to BNB Chain after its mainnet launch on April 18, 2019.
How the BNB Auto-Burn Mechanism Works
The BNB Auto-Burn follows a formula built on two inputs. These are the price of BNB and the number of blocks BSC produces in a quarter.
This approach keeps the process transparent and predictable. The formula also adjusts the burn amount each quarter. Its long-term goal is to reduce the total supply to 100 million BNB.
The Auto-Burn is an independently auditable and objective process. Figures are reported quarterly to the public. In addition, the mechanism operates separately from the Binance centralized exchange. The philosophy behind BNB, known as “Build and Build,” reflects its role in ecosystem development.
Recent network upgrades changed the formula’s context. Following the Lorentz and Maxwell Upgrades, BSC produces blocks more frequently than before.
This pace differs from the period when the formula was first defined. As a result, the parameters were adjusted to keep the original idea consistent.
BNB also has a separate real-time burning mechanism through BEP-95. A portion of the gas fees in each BSC block is burned. Validator governance determines the burn ratio.
Consequently, this real-time BNB burn links ongoing burning directly to network activity. The two mechanisms therefore operate side by side.
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