Binance burned
2.06 million BNBs worth $617 million during its 22nd quarterly burn Burning is the destruction of tokens by transferring them to a non-existent address.
BNB's tokenomics stipulate that half (100 million) of all tokens will be destroyed gradually through quarterly burns.
The number of coins to be burned depends on the price and demand for BNB, not the revenues of the exchange. The higher the price, the fewer coins will be destroyed.
