{"id":30250,"date":"2020-10-18T10:36:24","date_gmt":"2020-10-18T07:36:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30250"},"modified":"2025-08-27T21:21:42","modified_gmt":"2025-08-27T18:21:42","slug":"binance-carried-out-the-largest-bnb-token-burn-in-fiat-terms","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-carried-out-the-largest-bnb-token-burn-in-fiat-terms\/","title":{"rendered":"Binance carried out the largest BNB token burn in fiat terms"},"content":{"rendered":"<p>The cryptocurrency exchange Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-awards-grants-to-six-defi-projects\">conducted<\/a> the 13th quarterly burn of BNB tokens. 2,253,888 BNB have been taken out of circulation, including 867 BNB under a new program to recover assets lost by users.<!--more--><\/p>\n<p>The total value of the burned BNB amounted to $68 million. Binance CEO Changpeng Zhao noted that this burn was the largest to date in dollar terms and the fourth-largest in BNB history.<\/p>\n<div id=\"attachment_113634\" style=\"width: 1610px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-113634\" class=\"size-full wp-image-113634\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/763d2d10-c6bb-4e3f-85a5-0837d9c3ce57.png\" alt=\"Binance carried out the largest BNB token burn in fiat terms\" width=\"1600\" height=\"900\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/763d2d10-c6bb-4e3f-85a5-0837d9c3ce57.png 1600w, https:\/\/u1f987.com\/wp-content\/uploads\/763d2d10-c6bb-4e3f-85a5-0837d9c3ce57-300x169.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/763d2d10-c6bb-4e3f-85a5-0837d9c3ce57-1024x576.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/763d2d10-c6bb-4e3f-85a5-0837d9c3ce57-768x432.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/763d2d10-c6bb-4e3f-85a5-0837d9c3ce57-1536x864.png 1536w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><\/p>\n<p id=\"caption-attachment-113634\" class=\"wp-caption-text\">Source: binance.com.<\/p>\n<\/div>\n<p>Binance CEO also commented on the latest industry trends, noting that the decentralized finance (DeFi) sector had a material impact on its development over the last quarter.<\/p>\n<blockquote>\n<p>\u201cI believe that in the long term DeFi will define the future and surpass centralized exchanges, but that won\u2019t happen right away,\u201d Zhao wrote.<\/p>\n<\/blockquote>\n<p>He is convinced that innovative solutions such as liquidity pools and on-chain lending will continue to exist, but yields will gradually fall to \u201creasonable\u201d levels, and bubbles will continue to burst, including amid exit scams.<\/p>\n<p>Zhao also noted the launch of the mainnet <a href=\"https:\/\/u1f987.com\/en\/news\/binance-smart-chain-mainnet-launched-for-bnb-staking\">Binance Smart Chain<\/a>, which enables creating smart contracts and earning from staking BNB. He said the company intends to invest additional funds in this project.<\/p>\n<p>Earlier this week Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-awards-grants-to-six-defi-projects\">selected<\/a> the first batch of projects that will receive grants from a seed investment fund with $100 million in capital. Among the winners are automated market makers AnySwap and BakerySwap, Arkane Network (a data platform for gaming solutions providers), PancakeSwap\u2014the leading liquidity provider on Binance Smart Chain\u2014and the projects Bitquery and Proxima.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance conducted the 13th quarterly burn of BNB tokens. 2,253,888 BNB have been taken out of circulation, including 867 BNB under a new program to recover assets lost by users.<\/p>\n","protected":false},"author":1,"featured_media":30251,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1307],"class_list":["post-30250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-bnb-chain"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30250"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30250\/revisions"}],"predecessor-version":[{"id":30252,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30250\/revisions\/30252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30251"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}