BNB Burns Will Now Better Reflect DeFi Activity on Binance Smart Chain

Burning BNB ( $0.00 ) , which involves sending tokens to an inaccessible wallet, effectively removes them from circulation forever. It was initially introduced as a mechanism to accrue value and grow Binance. But as the broader crypto market grew and Binance Smart Chain was launched, BNB ( $0.00 ) found uses beyond simply being an exchange token. It is the third-largest coin by market value, according to CoinMarketCap data, behind only bitcoin and ether. It was trading at about $530 in European hours on Thursday morning.