Category: BNB burn

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Binance Smart Chain (BSC) Market Cap Hits New Milestone, Registering 48% QoQ Surge

January 27, 2024

Binance Smart Chain (BSC) has demonstrated notable growth in key metrics during the fourth quarter (Q4) of 2023, as highlighted in a comprehensive report by Messari.  As the third-largest Layer-1 protocol by market capitalization, BSC experienced positive progress across its financial indicators, signaling a productive quarter for the blockchain ecosystem. Binance Smart Chain Record-Breaking Transactions…
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BNB Quarterly Burning: Over 2 Million Tokens Vanish, Valued At $636 Million

January 18, 2024

In a recent announcement by Binance, the BNB Foundation declared the successful completion of the 26th quarterly Binance Coin token burn through the BNB Chain. The burn, which included Auto-Burn and the Pioneer Burn Program, eliminated a significant amount of the exchange’s native token from circulation.  BEP95 Initiative Results In 210K BNB Permanently Burned During…
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BNB Chain Q3 Revenue Takes A Hit: Fees Plummet By 40%

November 1, 2023

In a recent report by Messari, the analysis sheds light on the developments and challenges faced by Binance Chain (BNB), the blockchain created by Binance, the world’s largest cryptocurrency exchange regarding trading volume.  The report highlights the separation of BNB Chain from Binance and various events and allegations that have impacted Binance and its associated…
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Binance Coin (BNB) Forms Bearish Pattern, But Fundamentals Look Strong

January 17, 2023

In the wake of FTX’s collapse, many eyes focused on the now undisputed largest cryptocurrency exchange in the world, Binance. Due to an opaque proof of reserves, the withdrawal of accounting firm Mazars, and a bank run on the exchange, the Binance Coin (BNB) suffered a temporary loss of trust and excessive price losses. Slowly…
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There’s an Insatiable Urge to Burn Crypto — A Look at Why Projects Burn Tokens and the Benefits

April 30, 2022

In recent times, cryptocurrencies that burn tokens have been very popular and a number of well known blockchain projects have destroyed large sums of digital assets. While a number of crypto projects have different burn schemes, the overall effect is usually the same, as destroying tokens reduces the circulating supply. Blockchain Projects Burn Tokens for…
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