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Binance founder CZ retweeted a post, emphasizing that the BNB burn mechanism is a key component of its long-term tokenomics.
Binance founder CZ retweeted a post from @bnbcaptain, which highlighted that BNB's burn mechanism is a key part of its long-term tokenomics and utility. The tweet indicated that a total of 67.81 million BNB have been burned, with 99.1% of these burns completed through quarterly auto-burns. Since 2021, the total supply of BNB has decreased by 20.2% due to quarterly burns, while Ethereum (ETH) supply increased by 3.8% and Solana (SOL) supply increased by 13.4% during the same period since 2023.
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