BNB started with 200 million tokens. Today it's closer to 133 million.
That's not a rounding error. More than a third of the original supply has been burned for good, and the stated target is 100 million.
The 36th quarterly burn alone took out about 1.62 million BNB. On top of that, part of every gas fee on BNB Chain gets burned as blocks are produced.
BNB is at $712.33.
But shrinking supply doesn't set a price by itself. Plenty of coins have burn mechanics and still bleed. What matters is whether people actually need BNB faster than it disappears, and that comes down to usage, not tokenomics slides.
So which one do you watch more closely, the burn number or the activity on the chain?
My own view, not advice. Do your own research.
#BNB
That's not a rounding error. More than a third of the original supply has been burned for good, and the stated target is 100 million.
The 36th quarterly burn alone took out about 1.62 million BNB. On top of that, part of every gas fee on BNB Chain gets burned as blocks are produced.
BNB is at $712.33.
But shrinking supply doesn't set a price by itself. Plenty of coins have burn mechanics and still bleed. What matters is whether people actually need BNB faster than it disappears, and that comes down to usage, not tokenomics slides.
So which one do you watch more closely, the burn number or the activity on the chain?
My own view, not advice. Do your own research.
#BNB