Key Takeaways

How many BNB tokens have been removed from circulation?

A total of 64.26 million BNB tokens have been burned to date.

Can it boost BNB’s value in the long run?

Yes, given other bullish catalysts like treasury demand and growing network activity.

BNB Chain burnt 1.44 million BNB tokens, worth over $1.65 billion, during its latest deflationary move. The burn program, which began in 2017 and is done quarterly, has removed  64.26 million BNB so far. 

Now, there are only 137.7 million BNB tokens left in circulation. At this deflation rate of about 4 million BNB per year, the altcoin could shrink its supply below 100 million in ten years. 

Deflation meets BNB chain activity

With growing partnerships, including bringing countries like Kyrgyzstan on-chain, more activity would lead to more fees. Hence, more burn rate. Perhaps, the supply crunch could accelerate in the next few years. 

Overall, Binance founder CZ has linked the altcoin’s traction to “building and community efforts,” including demand from treasury companies.

Here, one could also draw parallels between BNB and Hyperliquid [HYPE], which also has an aggressive deflationary program. HYPE, by extension, has maintained its moat from its great product and the buyback program. 

Will it keep BNB above $1k?

So far, BNB has held well above the $1k psychological level after rejection near $1,400. Should the previous high be cleared, $1.5k could be the next bullish target.