BSC News

BNB Token Burns $1.4M in 1 Week As BEP-95 Ignites

The burn mechanism implemented by the crypto giant appears to be making a significant regular impact.

Burn BNB Burn

The pace at which the burn mechanism is moving for $BNB is startling, with BEP-95 now firmly in place––over $1.4 million has been burned in just one week between February 5-12. 

The latest figures coming out of this week mean that over $18 million has been burned since implementing the BEP-95 burn mechanism in December 2021. $BNB holders will be hoping BEP-95 will go on to have a sustainable impact on the price of the token as the market looks to recover. 


Binance Smart Chain greatly impacts the entire Binance ecosystem, even as the daily transaction chart has retracted in link with the market pullback. However, when considering the chart below, we have arrived at a key trending point wherein we usually see a follow-up rise. 

Whether this does materialize is another matter, but should it do so, we can undoubtedly expect a combination of factors, including the aforementioned regular burn, to begin to have a hugely positive impact on $BNB’s general performance.

Read our article to understand the BEP-95 mechanism, which promises to make BNB a more deflationary token

For those looking for tools and strategies regarding safety and crypto education, be sure to check out the Tutorials, Cryptonomics Explainers, and Trading Tool Kits from BSC News.

What is Binance Smart Chain?

The Binance Smart Chain is a leading blockchain network with smart contract functionality. Since its launch on Aug. 31, 2020, the total value locked (TVL) in DeFi protocols quickly rose to hit an all-time high of $41.39 billion in May. 8, 2020, according to data from Dappradar. At the time of writing, the TVL stands at $21.45 billion.

Find more about the network and its ecosystem here:

Website | Twitter | BSC Forum | Telegram | Developer Telegram | Discord | GitHub |

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