BNB Foundation burns 1.646 million BNB in 37th quarter
The BNB Foundation burned 1,646,196.44 BNB, about $1.197 billion, in its 37th quarterly burn. Remaining total supply was 131,512,085 BNB as of 19 October 2026.
The BNB Foundation has completed BNB Chain's 37th quarterly burn, removing 1,646,196.44 BNB that it valued at about $1,197,344,519.40 around the time of the burn. That dollar line is a mark-to-market of coins destroyed, not cash spent buying them back. Between this snapshot and the previous official one, reported remaining total supply fell by more than the quarterly burn, and the notice does not explain the gap.
The 19 October 2026 notice puts the remaining total supply at 131,512,085 BNB at 10:05 UTC. It points to the burn transaction on BNB Smart Chain (BSC) and to bnbburn.info for a live "remaining to be burned" reading, which the post does not freeze as a number. The coins go to the blackhole address 0x000000000000000000000000000000000000dEaD. Because of BNB Chain Fusion, this burn and later quarterly burns take place directly on BSC.
What the two snapshots show
The 36th burn notice, timestamped 15 July 2026 at 10:35 UTC, reported 1,615,827.795 BNB removed, an approximate value of $931,702,464, and a remaining total supply of 133,166,127.91 BNB. This quarter's token count is 30,368.645 BNB higher. The approximate dollar value moves from $931,702,464 to $1,197,344,519.40. That wider dollar gap is a marking effect on a similar quantity of coins, not evidence of a larger cash outlay.
The supply snapshots overshoot the quarterly print. Taking 131,512,085 from 133,166,127.91 leaves 1,654,042.91 BNB, which is 7,846.47 BNB more than the 1,646,196.44 BNB burned in October. The residual can be the separate real-time fee burn, other changes between the two timestamps, or both. The October notice does not split it, so 7,846.47 BNB is a difference between two Foundation figures, not a published fee-burn total.
A formula, and a fee burn beside it
Auto-Burn is described as independently auditable and independent of Binance's centralised exchange. The size is adjusted from BNB's price and the number of blocks produced on BSC in the quarter, with the aim of a total supply of 100,000,000 BNB. From the 19 October snapshot, that leaves 31,512,085 BNB still above the target. The Lorentz and Maxwell upgrades have BSC producing blocks more often than when the formula was written, and the Foundation says the parameters were changed so the original idea still holds. It does not publish the new parameters. On that account, a faster chain does not by itself mean a proportionally larger quarterly burn.
Under BEP-95, a portion of each block's gas fees is burned, and validators set the ratio. The October 2021 proposal suggested an initial ratio of 10% and said the fee burn would continue after the 100 million target. That page called the idea a draft, and the 37th notice does not restate the live ratio, so 10% is not a confirmed current setting. The July notice said roughly 291,000 BNB had been burned this way since the mechanism began. October does not update that cumulative.
BNB therefore runs two clocks, unlike a pure fee burn such as Ethereum's EIP-1559 proposal, which we set out in 2021. BSC was already being discussed in that light when we reported that Binance Smart Chain might adopt an Ethereum-style gas burn. BEP-95 is the per-block version that followed. The quarterly print is the one that still makes the headline.
What the burn is not
The 37th notice names no exchange, custodian or exchange-traded fund (ETF) issuer as having acted on the burn. The calculation does not run through Binance's centralised exchange. The wrapper is older than this event. On 18 June 2026 we reported that VanEck's VBNB, the first US spot BNB ETF, had launched on Nasdaq on 28 May 2026 at a 0.39% fee, in a piece on Bitcoin (BTC) fund outflows and Solana (SOL) and BNB wrappers. That launch is not a comment on October's burn, and the notice names no issuer as having changed a basket, a fee or a staking policy because of it.
The next quarterly amount will again be set from price and block count, under parameters the Foundation says were already adjusted for faster blocks, while the fee burn continues between prints. Watch whether the next remaining-total-supply snapshot again falls by more than the quarterly burn alone, and whether the Foundation publishes the split. Until then, the live remainder is on the tracker the post links, not in the blog's fixed table. Supply events of this kind sit on the digital-assets desk as completed transfers to a dead address, not as trading calls.
This article is informational analysis only and is not financial, investment, or trading advice. Cryptocurrencies are highly volatile and can lose substantial value rapidly. Past performance and historical patterns do not guarantee future results. Do your own research and consult a regulated financial adviser before making any investment decision.
Reporting by Karthik Subramanian. Filed 20 October 2026, 16:23 GMT.
Digital Assets Correspondent
Karthik Subramanian is a founder, writer, and technology consultant with nine years in the crypto ecosystem.
